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T O P I C     R E V I E W
Veritas  - posted
PCYN : STILL TRADING 9.4x P/E : PROFITABLE MEDICAL PRODUCTS COMPANY!

10Q 03/31/06 FILED 05/15/06 – Continued growth in sales and profits year-over-year.

CURRENT PRICE - $0.40 (close 05/17/06)

P/E RATIO – 9.4x (on share price of $0.40 / trailing 4 quarters EPS $0.0424/shr)

12 MONTH PRICE POSSIBLE - $0.80 (18x EPS)

TRADING TECHNICALS (S-T Momentum Traders) -
SUPPORT : $0.23 (weak), $0.16 (STRONG)
RESISTANCE : $0.50 (weak), $0.55 (weak), $0.80 (STRONG), $0.85 (STRONG)

KEY INVESTMENT CONSIDERATIONS –
• 5 consecutive years of increased profitability
• 7 consecutive years of increased sales
• No significant share dilution in over five years
• Increasing cash / No debt
• Conservative management does not engage in “pump-and-dump” promotional activity
• PCYN has been a publicly traded stock since 1996

EARNINGS PER SHARE -
9ME 03/31/2006 EPS: $0.0345/shr vs. 9ME 03/31/2005 EPS: $0.0296/shr
FYE 06/30/2005 EPS: $0.0375/shr
FYE 06/30/2004 EPS: $0.0296/shr
FYE 06/30/2003 EPS: $0.0041/shr
FYE 06/30/2002 EPS: $(0.0213)/shr
FYE 06/30/2001 EPS: $(0.1031)/shr

BUSINESS DESCRIPTION - Procyon Corporation, through its wholly owned subsidiaries, engages in the development and marketing of medical products used in the treatment of wound and skin problems (pressure ulcers, dermatitis, inflammation), and markets diabetic supplies (glucose monitors, heating pads, lancets, test strips, and syringes) primarily to Medicare customers. PCYN sells products through distributors to healthcare institutions (such as physicians, nursing homes, and home healthcare agencies) and to retailers (national and regional chain stores and pharmacies).
 



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