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<SEC-DOCUMENT>0001003297-04-000414.txt : 20041015
<SEC-HEADER>0001003297-04-000414.hdr.sgml : 20041015
<ACCEPTANCE-DATETIME>20041014194510
ACCESSION NUMBER:		0001003297-04-000414
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20041206
FILED AS OF DATE:		20041015
DATE AS OF CHANGE:		20041014
EFFECTIVENESS DATE:		20041015

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRO DEX INC
		CENTRAL INDEX KEY:			0000788920
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-MEDICAL, DENTAL & HOSPITAL EQUIPMENT & SUPPLIES [5047]
		IRS NUMBER:				841261240
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14942
		FILM NUMBER:		041079772

	BUSINESS ADDRESS:	
		STREET 1:		MICRO MOTORS, INC.
		STREET 2:		151 EAST COLUMBINE
		CITY:			SANTA ANA
		STATE:			CA
		ZIP:			92707
		BUSINESS PHONE:		714-241-4411

	MAIL ADDRESS:	
		STREET 1:		MICRO MOTORS INC.
		STREET 2:		151 EAST COLUMBINE
		CITY:			SANTA ANA
		STATE:			CA
		ZIP:			92707
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>pdexproxy1.htm
<TEXT>
<html>

<head>


<title>Prepared by E-Services - www.edgar2.com</title>



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<body lang=EN-US link=blue vlink=purple>



<p>&nbsp;</p>











<p align="center"><b>SCHEDULE 14A INFORMATION</b></p>

<p align="center"><b>Proxy Statement Pursuant to Section
14(a) of the Securities Exchange Act of 1934 </b> </p>

<p>Filed by the Registrant <font face="Wingdings">x</font><br>
Filed by a Party other than the Registrant <font face="Wingdings">o</font></p>
<p>Check the appropriate box:</p>
<table border="0" width="100%" id="table1">
	<tr>
		<td>
		<p align="left"><font face="Wingdings">o<br>
		o<br>
		x<br>
		o<br>
		o</font></td>
		<td width="927">

<p>Preliminary Proxy Statement<br>
Confidential, for Use of the Commission Only (as
permitted by Rule 14a-6(e)(2))<br>
Definitive Proxy Statement<br>
Definitive Additional Materials<br>
Soliciting Material Pursuant to &#61479;
240.14a-11(c) or &#61479; 240.14a-12</p></td>
	</tr>
</table>

<p align=center style='margin-top:.25in;text-align:center'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PRO-DEX,
INC.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<br>
</u>(Name of
Registrant as Specified In Its Charter)</p>

<p align="center"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;
<br>
</u>(Name of Person(s) Filing Proxy Statement if other than the
Registrant)</p>

<p>Payment of Filing Fee (Check the
appropriate box):</p>

<p><font face="Wingdings">x</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No fee required<br>
<font face="Wingdings">o</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fee computed on table below per Exchange Act Rules
14a-6(i)(4) and 0-11.</p>

<p align=left style='margin-left:.75in;text-align:left;
text-indent:-.25in'>1.&nbsp;&nbsp; Title of each class of
securities to which transaction applies:<br>
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>

<p align=left style='margin-left:.75in;text-align:left;
text-indent:-.25in'>2.&nbsp;&nbsp; Aggregate number of securities
to which transaction applies:<br>
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>

<p align=left style='margin-left:.75in;text-align:left;
text-indent:-.25in'>3.&nbsp;&nbsp; Per unit price or other
underlying value of transaction computed pursuant to Exchange Act
Rule&nbsp;0-11 <br>
(set forth the amount on which the filing fee is calculated and state how it
was determined):<br>
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>

<p align=left style='margin-left:.75in;text-align:left;
text-indent:-.25in'>4.&nbsp;&nbsp; Proposed maximum aggregate value
of transaction:<br>
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>

<p align=left style='margin-left:.75in;text-align:left;
text-indent:-.25in'>5.&nbsp;&nbsp; Total fee paid:<br>
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>

<p style='margin-left:.25in;text-indent:-.25in'>
<font face="Wingdings">o</font>&nbsp;&nbsp;Fees paid
previously with preliminary materials.</p>

<p style='margin-left:.25in;text-indent:-.25in'>
<font face="Wingdings">o</font>&nbsp;&nbsp;Check box if
any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and
identify the filing for which the offsetting fee was paid previously.&nbsp;&nbsp; Identify
the previous filing by registration statement number, or the Form or Schedule
and the date of its filing.</p>

<p>1.&nbsp;&nbsp; Amount
Previously Paid:&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<br>
2.&nbsp;&nbsp; Form,
Schedule or Registration Statement No.:&nbsp; &nbsp; <br>
3.&nbsp;&nbsp; Filing
Party:&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; <br>
4.&nbsp;&nbsp; Date
Filed:&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; </p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>



<div class=FlushLeft align=center style='margin-top:0in;text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>





<br clear=all
style='page-break-before:always'>




<p align=center style='text-align:center;line-height:1.0pt'><b>&nbsp;&nbsp;</b></p>

<p align=center style='text-align:center;line-height:12.0pt'><b>&nbsp;</b></p>

<p style='line-height:12.0pt'><b>&nbsp;</b></p>

<p align=center style='text-align:center'><img width=153
height=64 src="image001.jpg"></p>



<p align=center style='text-align:center'>151 E Columbine
  Avenue<br>
Santa Ana, California 92707<br>
______________________<b><br>
<br>
NOTICE OF ANNUAL MEETING OF SHAREHOLDERS<br>
TO BE HELD DECEMBER 6, 2004</b></p>

<p style='margin-bottom:12.0pt'>To
the shareholders of Pro-Dex, Inc.:</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:0in; text-indent:0.5in' align="justify">The Annual Meeting of Shareholders of
Pro-Dex, Inc. (the &quot;Company&quot;) will be held at the DoubleTree Hotel Santa Ana,
201 E. MacArthur Blvd, Santa Ana, California, on Monday, December 6, 2004, at
8:00 A.M. Pacific Time, for the following purposes:</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.0in;text-indent:-.5in' align="justify">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;To elect two
persons to serve as Class I directors of the Company for a term of three years
each. The Class I nominees for election to the Board are named in the attached
Proxy Statement, which is part of this Notice.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.0in;text-indent:-.5in' align="justify">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;To
ratify the appointment of Moss Adams, LLP as independent public accountants of
the Company for the fiscal year ending June 30, 2005.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt;
margin-left:1.0in;text-indent:-.5in' align="justify">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To
transact such other business as may properly come before the Annual Meeting or
any adjournments or postponements thereof.</p>

<p style='margin-bottom:12.0pt;text-indent:.5in' align="justify">
Only shareholders of record at the close of business on
October 15, 2004, are entitled to notice of and to vote at the Annual Meeting
and at any adjournments or postponements of the Annual Meeting.</p>

<p style='margin-bottom:12.0pt;text-indent:.5in' align="justify">
All shareholders are cordially invited to attend the Annual
Meeting in person. Whether or not you plan to attend the Annual Meeting, please
sign the enclosed proxy and return it in the enclosed addressed envelope. Your
promptness in returning the proxy will assist in the expeditious and orderly
processing of the proxy and will assure that you are represented at the Annual
Meeting. If you return your proxy card, you may nevertheless attend the Annual
Meeting and vote your shares in person.</p>
<p style='margin-bottom:12.0pt;text-indent:.5in' align="justify">&nbsp;</p>

<div align="left">

<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' width="740">
 <tr>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>
  <p align=left style='margin-bottom:12.0pt;text-align:left'>By
  Order of the Board of Directors,</p>
  <p align=left style='margin-bottom:12.0pt;text-align:left'>PRO-DEX
  INC.</p>
	<p align=left style='margin-bottom:12.0pt;text-align:left'>&nbsp;</p>
	<p align=left style='margin-bottom:12.0pt;text-align:left'>&nbsp;</p>

  <p align=left style='text-align:left'>/s/ Jeffrey J. Ritchey<br>
	Corporate
  Secretary</p>
  </td>
 </tr>
</table>

</div>

<p style='line-height:12.0pt'><b>&nbsp;</b></p>

<p style='line-height:12.0pt'><b>&nbsp;</b></p>

<p align=center style='text-align:center;line-height:12.0pt'><b>&nbsp;</b></p>

<p align=center style='text-align:center;line-height:12.0pt'><b>&nbsp;</b></p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='line-height:1.0pt'><b>&nbsp;</b></p>

<b><br clear=all style='page-break-before:always'>
</b>

<p align=center style='text-align:center'><img width=185
height=76 src="image002.jpg"></p>



<p align=center style='text-align:center'>151 E Columbine
  Avenue<br>
Santa Ana, California 92707<br>
<b>______________________</b></p>

<p align=center style='text-align:center'><b>&nbsp;</b></p>

<p align=center style='text-align:center'><b>ANNUAL MEETING OF
SHAREHOLDERS<br>
TO BE HELD
DECEMBER 6, 2004</b></p>

<p align=center style='text-align:center'><b>______________________ </b></p>

<p align="center"><b>PROXY STATEMENT</b></p>

<p align=center style='text-align:center'><b>________________________</b></p>

<p align="center"><b>SOLICITATION OF PROXIES</b></p>



<p style='margin-top:0in; text-indent:0.5in' align="justify">The accompanying
proxy is solicited by the Board of Directors of Pro-Dex, Inc. (the &quot;Company&quot;)
for use at the Company's Annual Meeting of Shareholders to be held at the
DoubleTree Hotel Santa Ana, 201 E. MacArthur Blvd, Santa Ana, California, on Monday,
December 6, 2004, at 8:00 A.M. Pacific Time, and at any and all adjournments
thereof. Shareholders are requested to complete, date and sign the accompanying
proxy card and promptly return it in the accompanying envelope or otherwise
mail it to the Company. All shares represented by each properly executed and
unrevoked proxy received in advance of the Annual Meeting, and that are not
revoked, will be voted in the manner specified therein, and if no direction is
indicated, &quot;for&quot; each of the proposals described on the proxy card.</p>

<p style='margin-top:12.0pt;text-indent:.5in' align="justify">Any
shareholder has the power to revoke his or her proxy at any time before it is
voted. A proxy may be revoked by delivering a written notice of revocation to
the Secretary of the Company, by submitting prior to or at the annual meeting a
later dated proxy executed by the person executing the prior proxy, or by
attendance at the Annual Meeting and voting in person by the person executing
the proxy.</p>

<p style='margin-top:12.0pt;text-indent:.5in' align="justify">Any shareholder,
who would like to vote in person at the Annual Meeting and owns shares in
street name, should inform his/her broker bank of such plans and request a
legal proxy from the broker. Such shareholders will need to bring the legal
proxy with them to the Annual Meeting and valid picture identification such as
a driver's license or passport in addition to documentation indicating share
ownership. Such shareholders who do not receive the legal proxy in time, should
bring with them to the Annual Meeting their most recent brokerage account
statement showing that they owned Pro-Dex, Inc. stock as of the record date.&nbsp;
Upon submission of proper identification and ownership documentation, the
Company will be able to verify ownership of its Common Stock and admit the
shareholder to the Annual Meeting; however, such shareholder will not be able
to vote his/her shares at the Annual Meeting without a legal proxy.&nbsp;
Shareholders are advised that if they own shares in street name and request a
legal proxy, any previously executed proxy will be revoked, and such
shareholder's vote will not be counted unless he/she appears at the Annual
Meeting and votes in person.</p>

<p style="text-indent: 0.5in" align="justify">The Company's Board of Directors does not
presently intend to bring any business before the Annual Meeting other than the
proposals referred to in this proxy statement and specified in the Notice of Meeting.
So far as is known to the Company's Board of Directors, no other matters are to
be brought before the meeting. As to any business that may properly come before
the meeting, however, it is intended that shares represented by proxies held by
management will be voted in accordance with the judgment of the persons voting
the shares.</p>

<p align=center style='text-align:center'>Page 1</p>

<div class=Body align=center style='margin-top:0in;text-align:center;
text-indent:0in'>

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</div>



<br clear=all
style='page-break-before:always'>










<p style="text-indent: 0.5in" align="justify">This proxy statement, the accompanying proxy card and the
Company's Annual Report are being mailed to the Company's shareholders on or
about October 29, 2004. The cost of soliciting proxies will be borne by the
Company. The solicitation will be made by mail and expenses will include
reimbursement paid to brokerage firms and others for their expenses in
forwarding solicitation material regarding the Annual Meeting to beneficial
owners of the Company's Common Stock. Further solicitation of proxies may be made
by telephone or oral communications with some shareholders. The Company's
regular employees, who will not receive additional compensation for the
solicitation, will make such further solicitations. </p>

<p align="center"><b>OUTSTANDING SHARES AND VOTING RIGHTS</b></p>

<p align="justify" style="text-indent: 0.5in">Only holders of record of the 8,891,869
shares of the Company's Common Stock outstanding at the close of business on
October 29, 2004, are entitled to notice of and to vote at the Annual Meeting
or any adjournment thereof.&nbsp; Under Colorado law, the Company's Articles of Incorporation
and the Company's Bylaws, a majority of the shares entitled to vote,
represented in person or by proxy, will constitute a quorum for the transaction
of business at a meeting of shareholders. However, with respect to Proposal 2,
under Colorado law, a majority of the votes entitled to be cast, represented in
person or by proxy, will constitute a quorum for purposes of the transaction of
business. Shares of the Company's common stock represented in person or by
proxy (regardless of whether the proxy has authority to vote on all matters),
as well as abstentions and broker non-votes, will be counted for purposes of
determining whether a quorum is present at the meeting.</p>

<p align="justify" style="text-indent: 0.5in">An &quot;abstention&quot; is the voluntary act of
not voting by a shareholder who is present at a meeting and entitled to vote.&nbsp;
&quot;Broker non-votes&quot; are shares of voting stock held in record name by brokers
and nominees concerning which: (i) instructions have not been received from the
beneficial owners or persons entitled to vote; (ii) the broker or nominee does
not have discretionary voting power under applicable rules or the instrument
under which it serves in such capacity; or (iii) the record holder has
indicated on the proxy or has executed a proxy and otherwise notified the
Company that it does not have authority to vote such shares on that matter.</p>

<p align="justify" style="text-indent: 0.5in">All proxies delivered to the Company
will be counted in determining the presence of a quorum, including those
providing for abstention or withholding of authority and those delivered by
brokers voting without beneficial owner instruction and exercising a non-vote
on certain matters.&nbsp; Assuming a quorum is present, for Proposal 1 (the election
of directors) the two nominees for director for the Class I position receiving
the highest number of affirmative votes will be elected; votes withheld and
votes against a nominee have no practical effect. In matters other than
election of directors, assuming that a quorum is present, the affirmative votes
of a majority of the shares represented and voting at a meeting (which shares
voting affirmatively also constitute at least a majority of the required
quorum) is required for approval; in such matters, abstentions and broker
non-votes are not counted. All other proposals require the affirmative vote of
the holders of a majority of the Company's shares present in person or
represented by proxy and entitled to vote at the Company's annual meeting;
provided, that a majority of votes entitled to be cast, represented in person
or by proxy, will constitute a quorum for purposes of the transaction of
business with respect to Proposal 2. Each shareholder will be entitled to one
vote, in person or by proxy, for each share of Common Stock held of record on
the record date. Votes cast at the meeting will be tabulated by the person or
persons appointed by the Company to act as inspectors of election for the
meeting.</p>

<p align=left style='text-align:justify; text-indent:0.5in'>
<b>Recommendation
of the Company's Board of Directors</b></p>

<p align="justify" style="text-indent: 0.5in">The Company's Board of Directors recommends
that the Company's shareholders vote &quot;for&quot; each of the proposals described in
this Proxy Statement and the accompanying Notice of Meeting.</p>

<p align=center style='text-align:center'>Page 2</p>

<div class=Body align=center style='margin-top:0in;text-align:center;
text-indent:0in'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>



<br clear=all
style='page-break-before:always'>




<p style='margin-top:0in;text-indent:0in;line-height:1.0pt'><b>&nbsp;</b></p>



<p style='margin-top:0in;text-indent:0in;line-height:1.0pt'><b>&nbsp;</b></p>

<p style="text-indent: 0.5in" align="justify"><b>THE PROPOSALS TO BE VOTED UPON AT THE MEETING ARE DISCUSSED IN
DETAIL IN THIS PROXY STATEMENT. YOU ARE STRONGLY URGED TO READ AND CONSIDER
CAREFULLY THIS PROXY STATEMENT IN ITS ENTIRETY.</b></p>

<p align=left style='text-align:left;text-indent:0in'><b>SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</b></p>

<p align="justify" style="text-indent: 0.5in">The following table sets forth certain
information with respect to the beneficial ownership of the Company's Common
Stock as of September 30, 2004 by (i) each person known by the Company to beneficially
own more than 5% of the outstanding shares of Common Stock, (ii) each of the
Company's current directors, (iii) each of the Named Executive Officers (as
hereinafter defined), and (iv) all current directors and Named Executive
Officers of the Company as a group:</p>



<div align="left">



<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' width="750">
 <tr>
  <td width=268 valign=bottom style='width:201.05pt;padding:0in 5.4pt 0in 5.4pt' height="25">
  <p><b><u><font size="2">Name of Beneficial Owner</font></u><sup><font size="2">(1)</font></sup></b></p>
  </td>
  <td width=190 valign=bottom style='width:142.35pt;padding:0in 5.4pt 0in 5.4pt' height="25">
  <p align=center style='text-align:center;'><b>
	<font size="2">Number of Shares of Common<br>
&nbsp;<u>Stock Beneficially
  Owned</u></font><sup><font size="2">(2)</font></sup></b></p>
  </td>
  <td width=166 valign=bottom style='width:124.6pt;padding:0in 5.4pt 0in 5.4pt' height="25">
  <p align=center style='text-align:center;'><b>
	<font size="2">Percent of Common Stock<br>
&nbsp;<u>Beneficially Owned</u></font><sup><font size="2">(3)</font></sup></b></p>
  </td>
 </tr>
 <tr>
  <td width=268 valign=top style='width:201.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='line-height:12.0pt'><font size="2">Ronald G. Coss
	<br>
	3 Overlook Drive<br>
	Newport Coast, CA 92657</font></p>
  </td>
  <td width=190 valign=bottom style='width:142.35pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:12.0pt'><a
  name="_DV_M65"><font size="2"></font></a><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	</font> </p>

  <p align=center style='text-align:center;line-height:12.0pt'>
	<font size="2">&nbsp;&nbsp;&nbsp; 1,903,579<sup>(4)</sup>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> </p>
  </td>
  <td width=166 valign=bottom style='width:124.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:12.0pt'><a
  name="_DV_M66"><font size="2"></font></a><font size="2">&nbsp;</font></p>

  <p align=center style='text-align:center;line-height:12.0pt'>
	<font size="2">21.2%</font></p>
  </td>
 </tr>
 <tr>
  <td width=268 valign=top style='width:201.05pt;padding:0in 5.4pt 0in 5.4pt'>

  &nbsp;</td>
  <td width=190 valign=top style='width:142.35pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=166 valign=top style='width:124.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=268 valign=top style='width:201.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='line-height:12.0pt'><font size="2">Glacier Partners<br>
	c/o Peter Castellanos<br>
	501 Chapala St. Ste. D<br>
	Santa Barbara, CA 93101</font></p>
  </td>
  <td width=190 valign=bottom style='width:142.35pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:12.0pt'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> </p>


  <p align=left style='text-align:center;line-height:12.0pt'>
	<font size="2">&nbsp;&nbsp;&nbsp; 475,300&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	</font> </p>
  </td>
  <td width=166 valign=bottom style='width:124.6pt;padding:0in 5.4pt 0in 5.4pt'>



  <p style='line-height:12.0pt' align="center"><font size="2">5.3%</font></p>
  </td>
 </tr>
 <tr>
  <td width=268 valign=top style='width:201.05pt;padding:0in 5.4pt 0in 5.4pt'>

  &nbsp;</td>
  <td width=190 valign=top style='width:142.35pt;padding:0in 5.4pt 0in 5.4pt' align="center">

  </td>
  <td width=166 valign=top style='width:124.6pt;padding:0in 5.4pt 0in 5.4pt' align="center">

  </td>
 </tr>
 <tr>
  <td width=268 valign=top style='width:201.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='line-height:12.0pt'><font size="2">George J. Isaac
	</font> </p>
  </td>
  <td width=190 valign=top style='width:142.35pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  <p><font size="2">119,900</font><sup><font size="2">(4)</font></sup></p>
  </td>
  <td width=166 valign=top style='width:124.6pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  <p style='line-height:12.0pt'><font size="2">&nbsp;1.3% </font> </p>
  </td>
 </tr>
 <tr>
  <td width=268 valign=top style='width:201.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='line-height:12.0pt'><font size="2">Michael A. Mesenbrink</font></p>
  </td>
  <td width=190 valign=top style='width:142.35pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  <p><font size="2">35,000</font><sup><font size="2">(4)</font></sup></p>
  </td>
  <td width=166 valign=top style='width:124.6pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  <p style='line-height:12.0pt'><font size="2">&nbsp;*&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width=268 valign=top style='width:201.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='line-height:12.0pt'><font size="2">Mark P. Murphy</font></p>
  </td>
  <td width=190 valign=top style='width:142.35pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  <p><font size="2">48,200</font><sup><font size="2">(4)</font></sup></p>
  </td>
  <td width=166 valign=top style='width:124.6pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  <p style='line-height:12.0pt'><font size="2">&nbsp;*&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width=268 valign=top style='width:201.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='line-height:12.0pt'><font size="2">Valerio L. Giannini</font></p>
  </td>
  <td width=190 valign=top style='width:142.35pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  <p><font size="2">35,000</font><sup><font size="2">(4)</font></sup></p>
  </td>
  <td width=166 valign=top style='width:124.6pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  <p style='line-height:12.0pt'><font size="2">&nbsp;*&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width=268 valign=top style='width:201.05pt;padding:0in 5.4pt 0in 5.4pt'>
  &nbsp;</td>
  <td width=190 valign=top style='width:142.35pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  &nbsp;</td>
  <td width=166 valign=top style='width:124.6pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  &nbsp;</td>
 </tr>
 <tr>
  <td width=268 valign=top style='width:201.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='line-height:12.0pt'><font size="2">Patrick Johnson
	</font> </p>
  </td>
  <td width=190 valign=top style='width:142.35pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  <p><font size="2">505,650</font><sup><font size="2">(4)</font></sup></p>
  </td>
  <td width=166 valign=top style='width:124.6pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  <p style='line-height:12.0pt'><font size="2">5.4% </font> </p>
  </td>
 </tr>
 <tr>
  <td width=268 valign=top style='width:201.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='line-height:12.0pt'><font size="2">Jeffrey J. Ritchey&nbsp;&nbsp;
	</font> </p>
  </td>
  <td width=190 valign=top style='width:142.35pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  <p><font size="2">57,000</font><sup><font size="2">(4)</font></sup></p>
  </td>
  <td width=166 valign=top style='width:124.6pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  <p style='line-height:12.0pt'><font size="2">&nbsp;*&nbsp;
	</font> </p>
  </td>
 </tr>
 <tr>
  <td width=268 valign=top style='width:201.05pt;padding:0in 5.4pt 0in 5.4pt'>
  &nbsp;</td>
  <td width=190 valign=top style='width:142.35pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  &nbsp;</td>
  <td width=166 valign=top style='width:124.6pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  &nbsp;</td>
 </tr>
 <tr>
  <td width=268 valign=top style='width:201.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=left style='text-align:left'><font size="2">All Executive Officers
  and directors as a group (6 persons) </font> </p>
  </td>
  <td width=190 valign=bottom style='width:142.35pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  <p><font size="2">800,750</font><sup><font size="2">(4)</font></sup></p>
  </td>
  <td width=166 valign=bottom style='width:124.6pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  <p style='line-height:12.0pt'><font size="2">8.3%</font><b><font size="2">
	</font> </b></p>
  </td>
 </tr>
 <tr>
  <td width=268 valign=top style='width:201.05pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='line-height:12.0pt'><font size="2">&nbsp;&nbsp;
	</font> </p>
  </td>
  <td width=190 valign=top style='width:142.35pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=left style='text-align:left;line-height:12.0pt'>
	<font size="2">&nbsp;&nbsp; </font> </p>
  </td>
  <td width=166 valign=top style='width:124.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='line-height:12.0pt'><font size="2">&nbsp;&nbsp;
  </font>
  </p>
  </td>
 </tr>
</table>

</div>

<p style='margin-left:.5in;text-indent:-.5in'>__________________________</p>

<p style='margin-top:6.0pt;margin-right:0in;margin-bottom:0in;
margin-left:.5in;margin-bottom:.0001pt;text-indent:-.5in'><font size="2">* Less than 1%.</font></p>

<p style='margin-top:6.0pt;margin-right:0in;margin-bottom:0in;
margin-left:16.5pt;margin-bottom:.0001pt;text-indent:-16.5pt' align="justify">
<font size="2">1.&nbsp;&nbsp;&nbsp; Unless otherwise indicated, the address is c/o Pro-Dex,
Inc., 151 E. Columbine Avenue, Santa Ana, California 92707.</font></p>

<p style='margin-top:6.0pt;margin-right:0in;margin-bottom:0in;
margin-left:16.5pt;margin-bottom:.0001pt;text-indent:-16.5pt' align="justify">
<font size="2">2.&nbsp;&nbsp;&nbsp; Unless otherwise indicated, to the Company's
knowledge, the persons named in the table have sole voting and sole investment
power with respect to all shares beneficially owned, subject to community
property and similar laws, where applicable.</font></p>

<p style='margin-top:6.0pt;margin-right:0in;margin-bottom:0in;
margin-left:16.5pt;margin-bottom:.0001pt;text-indent:-16.5pt' align="justify">
<font size="2">3.&nbsp;&nbsp;&nbsp; Applicable percentage ownership is based on 8,891,869
shares of Common Stock outstanding as of September 30, 2004.&nbsp; Any securities
not outstanding but subject to options exercisable as of September 30, 2004 or
exercisable within 60 days after such date are deemed to be outstanding for the
purpose of computing the percentage of outstanding Common Stock beneficially
owned by the person holding such options but are not deemed to be outstanding
for the purpose of computing the percentage of Common Stock beneficially owned
by any other person.</font></p>

<p style='margin-top:6.0pt;margin-right:0in;margin-bottom:0in;
margin-left:16.5pt;margin-bottom:.0001pt;text-indent:-16.5pt' align="justify">
<font size="2">4.&nbsp;&nbsp;&nbsp; Includes shares of Common Stock subject to stock
warrants and options which were exercisable as of September 30, 2004 or
exercisable within 60 days after September 30, 2004, and are as follows: Mr.
Coss, <a name="_DV_C18">100,000</a>
shares, Mr. Isaac, 115,000 shares; Mr. Murphy, 35,000 shares; Mr. Mesenbrink, 35,000
shares; Mr. Giannini, 35,000 shares; Mr. Johnson, 495,250 shares; Mr. Ritchey, 55,000
shares and all directors and Executive Officers as a group, 770,250
shares. </font></p>
<p style='margin-top:6.0pt;margin-right:0in;margin-bottom:0in;
margin-left:16.5pt;margin-bottom:.0001pt;text-indent:-16.5pt'>&nbsp;</p>

<p align=center style='text-align:center'>Page 3</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='line-height:1.0pt'><b>&nbsp;</b></p>

<b><br clear=all
style='page-break-before:always'>
</b>



<p style='line-height:1.0pt'><b>&nbsp;</b></p>

<p style='margin-top:6.0pt;margin-right:0in;margin-bottom:0in;
margin-left:16.5pt;margin-bottom:.0001pt;text-indent:-16.5pt' align="center"><b>BENEFICIAL
SHAREHOLDINGS OF DIRECTORS, OFFICERS, AND OWNERS OF MORE&nbsp; <br>
THAN
5% OF PREFERRED STOCK </b></p>

<p style='text-indent:33.0pt' align="justify">The following
table sets forth certain information with respect to the beneficial ownership
of the Company's Preferred Stock as of September 30, 2004 by (i) each person
known by the Company to beneficially own more than 5% of the outstanding shares
of Series A Preferred Stock, (ii) each of the Company's current directors and
nominees for director, (iii) each of the Named Executive Officers (as
hereinafter defined), and (iv) all current directors and Named Executive
Officers of the Company as a group:</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:-.1pt;border-collapse:collapse'>
 <tr>
  <td width=220 valign=bottom style='width:165.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p><b><font size="2">&nbsp;</font></b></p>
  <p><b><u><font size="2">Name of Beneficial Owner</font></u><sup><font size="2">(1)</font></sup></b></p>
  </td>
  <td width=205 valign=bottom style='width:154.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;'><b>
	<font size="2">Number of Shares of Preferred <u><br>
	Stock Beneficially
  Owned</u></font><sup><font size="2">(2)</font></sup></b></p>
  </td>
  <td width=199 valign=bottom style='width:149.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;'><b>
	<font size="2">Percent of Preferred Stock<br>
&nbsp;<u>Beneficially Owned</u></font><sup><font size="2">(3)</font></sup></b></p>
  </td>
 </tr>
 <tr>
  <td width=220 valign=top style='width:165.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='line-height:12.0pt'><font size="2">Kent E. Searl <br>
	19 The Quarter Deck<br>
	Port Washington, NY 11050</font></p>
  </td>
  <td width=205 valign=bottom style='width:154.0pt;padding:0in 5.4pt 0in 5.4pt' align="center">


  <p style='line-height:12.0pt'><font size="2">19,900
  </font>
  </p>
  </td>
  <td width=199 valign=bottom style='width:149.0pt;padding:0in 5.4pt 0in 5.4pt' align="center">


  <p style='line-height:12.0pt'><font size="2">25.5%</font></p>
  </td>
 </tr>
 <tr>
  <td width=220 valign=top style='width:165.0pt;padding:0in 5.4pt 0in 5.4pt'>

  &nbsp;

  </td>
  <td width=205 valign=bottom style='width:154.0pt;padding:0in 5.4pt 0in 5.4pt' align="center">

  </td>
  <td width=199 valign=bottom style='width:149.0pt;padding:0in 5.4pt 0in 5.4pt' align="center">

  </td>
 </tr>
 <tr>
  <td width=220 valign=top style='width:165.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p><font size="2">Professional Sales Associates, Inc. <br>
	287 Century Circle, Suite 100 <br>
	Louisville, CO 80027 </font> </p>
  </td>
  <td width=205 valign=bottom style='width:154.0pt;padding:0in 5.4pt 0in 5.4pt' align="center">


  <p style='line-height:12.0pt'><font size="2">58,229
  </font>
  </p>
  </td>
  <td width=199 valign=bottom style='width:149.0pt;padding:0in 5.4pt 0in 5.4pt' align="center">


  <p style='line-height:12.0pt'><font size="2">74.5%</font></p>
  </td>
 </tr>
 <tr>
  <td width=220 valign=top style='width:165.0pt;padding:0in 5.4pt 0in 5.4pt'>

  &nbsp;

  </td>
  <td width=205 valign=bottom style='width:154.0pt;padding:0in 5.4pt 0in 5.4pt' align="center">

  </td>
  <td width=199 valign=bottom style='width:149.0pt;padding:0in 5.4pt 0in 5.4pt' align="center">

  </td>
 </tr>
 <tr>
  <td width=220 valign=top style='width:165.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p><font size="2">All Named Executive Officers and directors as a Group (6
  persons) </font> </p>
  </td>
  <td width=205 valign=bottom style='width:154.0pt;padding:0in 5.4pt 0in 5.4pt' align="center">

  <p><font size="2">0</font><sup><font size="2">
	</font>
  </sup></p>
  </td>
  <td width=199 valign=bottom style='width:149.0pt;padding:0in 5.4pt 0in 5.4pt' align="center">

  <p style='line-height:12.0pt'><font size="2">0 %</font></p>
  </td>
 </tr>
</table>

<p>__________________________</p>

<p style='margin-top:6.0pt;margin-right:0in;margin-bottom:0in;
margin-left:16.5pt;margin-bottom:.0001pt;text-indent:-16.5pt'><font size="2">1.&nbsp;&nbsp;&nbsp; Unless otherwise indicated, the address is c/o
Pro-Dex, Inc., 151 E. Columbine Avenue, Santa Ana, California 92707.</font></p>

<p style='margin-top:6.0pt;margin-right:0in;margin-bottom:0in;
margin-left:16.5pt;margin-bottom:.0001pt;text-indent:-16.5pt'><font size="2">2.&nbsp;&nbsp;&nbsp; Unless otherwise indicated, to the Company's
knowledge, following the conversion of the Preferred Stock, the persons named
in the table have sole voting and sole investment power with respect to all
shares beneficially owned, subject to community property and similar laws,
where applicable.</font></p>

<p style='margin-top:6.0pt;margin-right:0in;margin-bottom:0in;
margin-left:16.5pt;margin-bottom:.0001pt;text-indent:-16.5pt'><font size="2">3.&nbsp;&nbsp;&nbsp; Applicable percentage ownership is based on
78,129 shares of Preferred Stock outstanding as of September 30, 2004.</font></p>

<p align=center style='text-align:center;line-height:12.0pt;
page-break-after:avoid'><b>Proposal
No. 1</b></p>

<p align=center style='margin-top:12.0pt;text-align:center;
page-break-after:avoid'><b>ELECTION OF DIRECTORS</b></p>

<p align=center style='text-align:center;line-height:12.0pt'><b>&nbsp;</b></p>

<p style='margin-top:12.0pt;text-indent:.5in' align="justify">The Company's Articles of Incorporation provide for the
classification of the Company's Board of Directors.&nbsp; The Board of Directors, which
currently is composed of four (4) members, is divided into three (3) classes.&nbsp;
Generally, absent earlier resignation of a Class member, one Class stands for
re-election at each annual meeting of shareholders. The Board of Directors
currently is comprised of two Class I directors (George J. Isaac and Michael A.
Mesenbrink), one Class II director (Valerio L. Giannini), and one Class III
director (Mark P. Murphy). The term of the Class I directors expires in 2004
and upon election, the term of each such director shall expire again in 2007.&nbsp;
The term of the Class II director expires in 2005.&nbsp; The term of the Class III
director expires in 2006.</p>

<p style="text-indent: 0.5in" align="justify">Certain information
with respect to each of the nominees who will be presented at the Annual
Meeting by the Board of Directors for election as a director is set forth
below. Although it is anticipated that each nominee will be available to serve
as a director, should that nominee become unavailable to serve, the proxies
will be voted for such other person as may be designated by the Company's Board
of Directors.</p>

<p align=center style='text-align:center'>Page 4</p>

<div class=Body align=center style='margin-top:0in;text-align:center;
text-indent:0in'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>



<br clear=all
style='page-break-before:always'>










<p align="justify" style="text-indent: 0.5in">Unless the authority to vote for directors has been withheld in
the proxy, the persons named in the enclosed proxy intend to vote at the Annual
Meeting for the election of the nominees presented below. In the election of
directors, assuming a quorum is present, the two Class I nominees receiving the
highest number of votes cast at the meeting will be elected as a director of
the Company.&nbsp; </p>



<p style='margin-top:0in' align="center"><b>DIRECTORS</b></p>



<p style='text-indent:.5in'>Set forth
below is certain information with respect to the Company's continuing directors
and director nominees.</p>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse' width="660">
 <tr>
  <td width=117 valign=bottom style='width:88.0pt;padding:0in 0in 0in 0in'>
  <p><b><u><font size="2">Name </font> </u></b></p>
  </td>
  <td valign=bottom style='width:69px;padding:0in; '>
  <p align=center style='text-align:center'><b><u>
	<font size="2">Age </font> </u></b></p>
  </td>
  <td valign=bottom style='width:210px;padding:0in; '>
  <p><b><u><font size="2">Position with Company </font> </u></b></p>
  </td>
  <td width=81 valign=bottom style='width:60.5pt;padding:0in 0in 0in 0in'>
  <p><b><u><font size="2">Class </font> </u></b></p>
  </td>
  <td valign=bottom style='width:183px;padding:0in; '>
  <p align=center style='text-align:center'><b><u>
	<font size="2">Class
  Expiration Year</font></u></b></p>
  </td>
 </tr>
 <tr>
  <td width=117 valign=bottom style='width:88.0pt;padding:0in 0in 0in 0in'>
  <p><font size="2">George J. Isaac </font> </p>
  </td>
  <td valign=bottom style='width:69px;padding:0in; '>
  <p align=center style='text-align:center'><font size="2">59
	</font> </p>
  </td>
  <td valign=bottom style='width:210px;padding:0in; '>
  <p><font size="2">Director and Nominee</font></p>
  </td>
  <td width=81 valign=bottom style='width:60.5pt;padding:0in 0in 0in 0in'>
  <p><font size="2">Class I </font> </p>
  </td>
  <td valign=bottom style='width:183px;padding:0in; '>
  <p align=center style='text-align:center'><font size="2">2007</font></p>
  </td>
 </tr>
 <tr>
  <td width=117 valign=bottom style='width:88.0pt;padding:0in 0in 0in 0in'>
  <p align=left style='text-align:left'><font size="2">Michael A. Mesenbrink</font></p>
  </td>
  <td valign=bottom style='width:69px;padding:0in; '>

  <p align=center style='text-align:center'><font size="2">57</font></p>
  </td>
  <td valign=bottom style='width:210px;padding:0in; '>

  <p><font size="2">Director and Nominee </font> <sup>
	<font size="2">(1)</font></sup></p>
  </td>
  <td width=81 valign=bottom style='width:60.5pt;padding:0in 0in 0in 0in'>

  <p><font size="2">Class I&nbsp;&nbsp; </font> </p>
  </td>
  <td valign=bottom style='width:183px;padding:0in; '>

  <p align=center style='text-align:center'><font size="2">2007</font></p>
  </td>
 </tr>
 <tr>
  <td width=117 valign=bottom style='width:88.0pt;padding:0in 0in 0in 0in'>
  <p><font size="2">Mark P. Murphy</font></p>
  </td>
  <td valign=bottom style='width:69px;padding:0in; '>
  <p align=center style='text-align:center'><font size="2">45</font></p>
  </td>
  <td valign=bottom style='width:210px;padding:0in; '>
  <p><font size="2">Director&nbsp; </font> <sup><font size="2">(1)</font></sup></p>
  </td>
  <td width=81 valign=bottom style='width:60.5pt;padding:0in 0in 0in 0in'>
  <p><font size="2">Class III&nbsp; </font> </p>
  </td>
  <td valign=bottom style='width:183px;padding:0in; '>
  <p align=center style='text-align:center'><font size="2">2006</font></p>
  </td>
 </tr>
 <tr>
  <td width=117 valign=bottom style='width:88.0pt;padding:0in 0in 0in 0in'>
  <p align=left style='text-align:left'><font size="2">Valerio L. Giannini</font></p>
  </td>
  <td valign=bottom style='width:69px;padding:0in; '>
  <p align=center style='text-align:center'><font size="2">66</font></p>
  </td>
  <td valign=bottom style='width:210px;padding:0in; '>
  <p><font size="2">Director </font> <sup><font size="2">(1)</font></sup></p>
  </td>
  <td width=81 valign=bottom style='width:60.5pt;padding:0in 0in 0in 0in'>
  <p><font size="2">Class II&nbsp;&nbsp; </font> </p>
  </td>
  <td valign=bottom style='width:183px;padding:0in; '>
  <p align=center style='text-align:center'><font size="2">2005</font></p>
  </td>
 </tr>
</table>

<p>__________________________</p>



<p><font size="2">(1)
Member of the Audit and Compensation Committees</font></p>

<p style='margin-top:12.0pt;text-indent:.5in' align="justify">Messrs.
Giannini, Mesenbrink and Murphy are &quot;independent&quot; directors as such term is
defined in Rule 4200(a)(15) of the NASD listing standards.</p>

<p style='margin-top:12.0pt;text-indent:.5in' align="justify">The Board of
Directors is of the opinion that the election to the Company's Board of
Directors of each of the Class I Director nominees identified herein, each of
whom has consented to serve if elected, would be in the Company's best
interests. The names of the Class I Director nominees to be elected are George
J. Isaac and Michael A. Mesenbrink.</p>

<p style='margin-top:12.0pt;text-indent:.5in'><b>THE
BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE &quot;FOR&quot; ELECTION OF THE NOMINEES
NAMED BELOW AS CLASS I DIRECTORS.</b></p>

<p style='text-indent:.5in' align="justify">George J. Isaac (59), Class I
Director and nominee,<i> </i>served as a consultant to the Company and its
predecessor since 1978, became a member of the Company's Board of Directors in
July 1995 and was the Company's prior Chief Financial Officer during the period
from August 1995 to July 2002 and Secretary during the period from July 2002 to
October 2003.&nbsp; Mr. Isaac is a Certified Public Accountant and was a principal
in the certified public accounting firm of Joseph B. Cohan and Associates, Worcester, Massachusetts.&nbsp; Mr. Isaac is a director of Professional Sales Associates, Inc.
(&quot;PSA&quot;) and Commerce Bank &amp; Trust.&nbsp; Mr. Isaac has been a director of the
Company since 1995.</p>

<p style='margin-top:12.0pt;text-indent:.5in' align="justify">Michael
A. Mesenbrink<b> </b>(57), Class I Director and nominee, is currently CEO of
The N.E.W. Program, a large national bariatric surgery practice/company, and
has been in the medical device and health care industry for 30 years.&nbsp; He was
co founder of Medical Imaging Centers of America (MICA) which he assisted in
guiding through its public offering.&nbsp; Mr. Mesenbrink was formerly with Johnson
&amp; Johnson; Becton-Dickinson and has founded several companies and held many
senior management roles in cardiovascular, surgery, and radiology product based
companies.&nbsp; Mr. Mesenbrink received a BA degree in Zoology/Chemistry from San Jose State University in 1970 and did postgraduate studies at the Menai Bridge Ocean
Science Laboratories, University of Wales, U.K.&nbsp; Mr. Mesenbrink has been a
director of the Company since 2002.</p>
<p style='margin-top:12.0pt;text-indent:.5in' align="justify">&nbsp;</p>
<p style='margin-top:12.0pt;text-indent:.5in' align="justify">&nbsp;</p>

<p align=center style='text-align:center'>Page 5</p>

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<p style='margin-bottom:12.0pt' align="center"><b>CONTINUING DIRECTORS</b></p>

<p style='margin-top:12.0pt;text-indent:.5in' align="justify">Mark P. Murphy (45), Class III Director, is the Chief
Operating Officer and a director of Kyocera Tycom Corporation, a manufacturing
company that develops and sells precision cutting tools.&nbsp; Its 400
employees operate out of North America and China.&nbsp; Mr. Murphy began with
Tycom in 1995 as Executive Vice President and Chief Financial Officer and
became Chief Operating Officer in January of 2000.&nbsp; Mr. Murphy's career
includes 17 years as a senior corporate executive, having held the top
positions in sales, finance, and operations.&nbsp; Mr. Murphy earned a BA in
Business Administration and an MBA in Finance from California State University at Fullerton.&nbsp; He became a California Certified Public Accountant in 1983.&nbsp;
Mr. Murphy has been a director of the Company since 2002.</p>

<p style='margin-top:12.0pt;text-indent:.5in' align="justify">Valerio L.
Giannini (66), Class II Director, since 1995 has been a principal of Newcap
Partners, a Los Angeles based private investment banking firm. He previously
served as CEO of a subsidiary of the Geneva Companies, then a subsidiary of
Chemical Bank.&nbsp; Mr. Giannini joined Geneva from Cumberland Investment
Group, a New York based private investment banking partnership. Prior to Cumberland, he held appointments as Director of White House Operations, and as a Deputy
Assistant Secretary of Commerce. Mr. Giannini was also previously with the
Corporate Planning Division of IIT Research Institute (Chicago) and the
Corporate Finance department of Kidder, Peabody &amp; Co. New York.&nbsp; Mr.
Giannini holds a BSE from Princeton University. Mr. Giannini has been a
director of the Company since 2002.</p>



<p align=center style='text-align:center;page-break-after:avoid'>
<b>BUSINESS EXPERIENCE OF KEY MANAGEMENT</b></p>



<p style='text-indent:.5in'>Set forth
below is information concerning certain key management personnel of the
Company. </p>

<p style='text-indent:.5in' align="justify">Patrick L.
Johnson (43), is the Company's<i> </i>Chief Executive Officer and President.&nbsp;
In addition to this position assumed in September 2002, he joined the Company's
Micro Motors subsidiary as Vice President and General Manager in March 2000.&nbsp;
Mr. Johnson has significant experience in medical device manufacturing, having
served as General Manager of Analytic Endodontics, Inc. (a division of Sybron
Dental) from 1997 to 2000 and General Manager of Tycom Dental, Inc. from 1996
to 1997, both dental related product manufacturers. Prior to that, Mr. Johnson
served as Vice-President and General Manager of Dabico, Inc., a manufacturing
company that specialized in the design and manufacture of in-ground service
equipment for commercial and military aircraft.&nbsp; Mr. Johnson received B.A.
degrees in Legal Studies and Philosophy from the University of California in Santa Cruz and a MBA degree from Pepperdine University.</p>

<p style='margin-top:12.0pt;text-indent:.5in' align="justify">Jeffrey J. Ritchey (41), is the Company's<i> </i>Treasurer,
Chief Financial Officer and Secretary. Mr. Ritchey joined the Company's Micro
Motors subsidiary as Controller in August 2001 and assumed the Chief Financial
Officer position in July 2002 and Secretary position in October 2003.&nbsp; Mr.
Ritchey's previous experience includes serving as the Controller and Finance
Director of Tycom Corporation from 1997 to 2001 and Corporate and operational
positions at Hughes Electronics and DIRECTV (subsidiaries of General Motors) from
1990 to 1997.&nbsp; Mr. Ritchey received a M.S. degree in Finance from the University of Arizona and is a Chartered Financial Analyst (&quot;CFA&quot;) charterholder.</p>



<p align=center style='text-align:center'>Page 6</p>

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<p style='margin-top:0in' align="center"><b>CERTAIN
RELATIONSHIPS AND RELATED TRANSACTIONS</b></p>










<p style='text-indent:.5in' align="justify">Pursuant to the merger of Micro
Motors with the Company's subsidiary in 1995, Ronald G. Coss entered into a
Non-Competition Agreement, pursuant to which he is to be paid $1 million over
five years, with payment commencing on the termination of his employment
agreement with the Company in the sixth year after closing.&nbsp; Due to the fact
that the term of Mr. Coss' employment with the Company had been extended, the
Board of Directors and Mr. Coss agreed that the Company's performance
obligations under the Non-Competition Agreement be extended to commence on
September&nbsp;30,&nbsp;2001. Mr. Coss' employment agreement ended in June
2002.&nbsp; $200,000 of payments were made to Mr. Coss pertaining to the
Non-Competition Agreement in the year ending June 30, 2004, leaving a balance
of $400,000 to be paid through the year ending June 30, 2006.&nbsp; In addition, the
Company received $121,600 pertaining to a note receivable from Mr. Coss,
leaving a balance of $243,200 under such note to be received through the year
ending June 30 2006. &nbsp;The note bears an interest rate of 7% and is due and
payable in quarterly principal and interest installments of $30,400.</p>

<p style='margin-top:12.0pt;text-indent:.5in' align="justify">The
Company's shareholders have approved a Director's Stock Option Plan (the
&quot;Directors' Plan&quot;) pursuant to which non-employee directors may be granted
options to purchase shares of the Company's Common Stock. In accordance with
the Directors' Plan's provisions, the Board of Directors previously adopted a
policy to grant each outside director an initial option to purchase 20,000
shares of Common Stock on the date of his commencement of service as a director
and an option to purchase 15,000 shares annually, exercisable at the closing
price on each anniversary date of such service. The maximum term of each option
is ten years.&nbsp; The options fully vest after 6 months and expire 90 days from
the termination of the director's service on the Company's Board of Directors.</p>

<p style='margin-top:12.0pt;text-indent:.5in' align="justify">During
the fiscal year ended June 30, 2004, one of the Company's prior Directors, Mr.
Coss, and four of the Company's current Directors, Messrs. Isaac, Mesenbrink, Murphy,
and Giannini, were each granted options to purchase 15,000 shares of common
stock, exercisable at share prices of $1.40, $1.40, $1.77, $1.60 and $2.18 per
share, respectively.&nbsp;&nbsp;&nbsp; </p>

<p style='margin-top:12.0pt;text-indent:.5in' align="justify">During
the fiscal year ended June 30, 2004, 15,000 common stock options previously
provided to current and former Directors expired.&nbsp; The expired options are
detailed in the table below:</p>



<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=110 valign=bottom style='width:82.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:12.0pt;
  page-break-after:avoid'><b><font size="2">&nbsp;</font></b></p>
  <p align=center style='text-align:center;line-height:12.0pt;
  page-break-after:avoid'><b><u><font size="2">Name</font></u></b></p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:12.0pt;
  page-break-after:avoid'><b><font size="2">&nbsp;</font></b></p>
  <p style='margin-top:0in;line-height:12.0pt' align="center">
	<u>
	<b><font size="2">Plan</font></b></u></p>
  </td>
  <td width=129 valign=bottom style='width:96.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;text-align:center;line-height:
  12.0pt'><b><font size="2">Number of Options<br>
	</font><u><font size="2">Expiring (#)</font></u></b></p>
  </td>
  <td width=99 valign=bottom style='width:74.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:12.0pt;
  page-break-after:avoid'><b><font size="2">Exercise Price </font> <u>
	<font size="2">($/Share)</font></u></b></p>
  </td>
 </tr>
 <tr>
  <td width=110 valign=bottom style='width:82.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='line-height:14.0pt;page-break-after:avoid'>
	<font size="2">Ronald G. Coss</font></p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:14.0pt;
  page-break-after:avoid'><font size="2">Directors</font></p>
  </td>
  <td width=129 valign=bottom style='width:96.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=left style='text-align:center;line-height:14.0pt;
  page-break-after:avoid'><font size="2">15,000</font></p>
  </td>
  <td width=99 valign=bottom style='width:74.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=left style='text-align:center;line-height:14.0pt;
  page-break-after:avoid'><font size="2">&nbsp;$1.40</font></p>
  </td>
 </tr>
</table>

</div>

<p align="center"><b>BOARD OF DIRECTORS MEETINGS AND
RELATED MATTERS</b></p>

<p align="justify" style="text-indent: 0.5in">During the fiscal year ended June 30, 2004,
the Board of Directors held six meetings and there were two actions by
unanimous written consent.&nbsp; No director attended less than 75% of the aggregate
of all meetings of the Board of Directors and all meetings of committees of the
Board of Directors upon which he served.</p>










<p align="justify" style="text-indent: 0.5in">The Board of Directors has an Audit Committee that consists of
three Board members, Michael A. Mesenbrink, Mark P. Murphy and Valerio L. Giannini.&nbsp;
The Audit Committee is comprised entirely of non-employee, &quot;independent&quot; (as
defined in Rule 4200(a)(15) of the NASD listing standards) directors and
operates under a written charter adopted by the Board of Directors.&nbsp; The duties
of the Audit Committee include meeting with the independent public accountants
of the Company to review the scope of the annual audit and to review the
quarterly and annual financial statements of the Company before the statements
are released to the Company's shareholders. The Audit Committee also evaluates
the independent public accountants' performance and makes recommendations to
the Board of Directors as to whether the independent public accounting firm
should be retained by the Company for the ensuing fiscal year. In addition, the
Audit Committee reviews the Company's internal accounting and financial
controls and reporting systems practices.&nbsp; A copy of the Audit Committee's
current charter may be found at the Company's website at <u>
<font color="#0000FF">www.pro-dex.com</font></u>.&nbsp; The charter may be found
as follows:&nbsp; From our main web page, first click on &quot;Governance&quot;, and then
click on &quot;Audit Committee Charter&quot;.&nbsp; The Audit Committee and Board of Directors
have confirmed that the Audit Committee does and will continue to include at
least three members and has confirmed that Mr. Murphy meets applicable NASD
listing standards for designation as an &quot;Audit Committee Financial Expert&quot; and
being &quot;independent&quot; based upon his experience noted herein.&nbsp; The Audit Committee
held seven meetings and approved one measure by unanimous consent during the
fiscal year ended June 30, 2004.&nbsp;&nbsp; </p>

<p align=center style='text-align:center'>Page 7</p>

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<p>&nbsp;</p>



<p style='text-indent:.5in' align="justify">The Board of
Directors has a Compensation Committee that consists of three Board members,
Michael A. Mesenbrink, Mark P. Murphy and Valerio L. Giannini.&nbsp; The
Compensation Committee is comprised entirely of non-employee, &quot;independent&quot; (as
defined in Rule 4200(a)(15) of the NASD listing standards) directors and
operates under a written charter adopted by the Board of Directors, a copy of
which may be found at the Company's website at www.pro-dex.com.&nbsp; The charter
may be found as follows:&nbsp; From our main web page, first click on &quot;Governance&quot;,
and then click on &quot;Compensation Committee Charter&quot;.&nbsp; The Compensation Committee
is comprised entirely of non-employee, independent directors operating under a
written charter adopted by the Board of Directors. The Compensation Committee
is responsible for ensuring that senior management will be accountable to the
Board through the effective application of compensation policies.&nbsp; The
Compensation Committee establishes compensation policies applicable to the
Company's Executive Officers.&nbsp; The Compensation Committee held one meeting and
approved one measure by unanimous consent during the fiscal year ended June 30,
2004.</p>



<p style='text-align:justify;text-indent:.5in; margin-left:0in; margin-right:0in'>The
entire Board of Directors performs the functions of a nominating committee.&nbsp;&nbsp;
In such capacity, the Board&nbsp;&nbsp; identifies and reviews the qualifications of
candidate nominees to the Board of Directors. The Board will consider candidate
nominees for election as director who are recommended by shareholders.
Recommendations should be sent to the Secretary of the Company and should
include the candidate's name and qualifications and a statement from the
candidate that he or she consents to being named in the Proxy Statement and
will serve as a director if elected. In order for any candidate to be
considered for nomination and, if nominated, to be included in the Proxy
Statement, such recommendation must be received by the Secretary not less than 120&nbsp;days
prior to the anniversary date of the Company's mailing of its Proxy Statement
for the most recent annual meeting of shareholders</p>

<p style='margin-left:0in; margin-right:0in' align="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Board of Directors
believes that it is desirable that directors possess an understanding of the
Company's business environment and have the knowledge, skills, expertise and
such diversity of experience that the Board's ability to manage and direct the
affairs and business of the Company is enhanced.&nbsp;&nbsp; Additional considerations
may include an individual's capacity to enhance the ability of committees of
the Board to fulfill their duties and/or satisfy any independence requirements
imposed by law, regulation or listing requirements.&nbsp; The Board of Directors may
receive candidate nomination suggestions from current Board members, Company
executive officers or other sources, which may be either unsolicited or in
response to requests from the Board for such candidates.&nbsp; The Board may also,
from time to time, engage firms that specialize in identifying director
candidates.&nbsp; Once a person has been identified by the Board as a potential
candidate, the Board may collect and review publicly available information
regarding the person to assess whether the person should be considered further.
If the Board determines that the candidate warrants further consideration, a
member of the Board may contact the person. Generally, if the person expresses
a willingness to be considered and to serve on the Board, the Board may request
information from the candidate, review the person's accomplishments and
qualifications and may conduct one or more interviews with the candidate.&nbsp; The
Board may consider all such information in light of information regarding any
other candidates that the Board might be evaluating for nomination to the Board
of Directors.&nbsp; Board members may also contact one or more references provided
by the candidate or may contact other members of the business community or
other persons that may have greater first-hand knowledge of the candidate's
accomplishments.&nbsp; With the nominee's consent, the Board may also engage an
outside firm to conduct background checks on candidates as part of the nominee
evaluation process.&nbsp; The Board's evaluation process does not vary based on the
source of the recommendation, though in the case of a shareholder nominee, the
Board may take into consideration the number of shares held by the recommending
shareholder and the length of time that such shares have been held. </p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in'>&nbsp;</p>

<p align=center style='text-align:center'>Page 8</p>

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<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in'>&nbsp;</p>

<p style='margin-top:12.0pt;text-indent:.5in' align="justify">In compiling the
Board nominees appearing in this Proxy Statement, nominee referrals as well as
nominee recommendations were received from existing directors.&nbsp; Three of the
four members of the Board are &quot;independent&quot; directors (as defined in Rule
4200(a)(15) of the NASD listing standards).&nbsp; No paid consultants were engaged
by the Company, the Board or any of its committees for the purposes of
identifying qualified, interested Board candidates.&nbsp; A copy of the Board Procedures
Concerning Nominations may be found at the Company's website at <u>
<font color="#0000FF">www.pro-dex.com</font></u>.&nbsp; The Procedures may be
found as follows:&nbsp; From our main web page, first click on &quot;Governance&quot;, and
then click on &quot;Procedures Governing the Nominating Function&quot;.&nbsp; </p>

<p style='margin-top:12.0pt;text-indent:.5in' align="justify">Directors
of the Company who are not also employees received a fee of $3,000 per quarter
plus $1,000 per board meeting attended, plus $750 per each day of committee
meetings attended, together with reasonable expenses of attendance at committee
meetings.&nbsp; </p>

<p align="center"><b>COMPENSATION COMMITTEE INTERLOCKS
AND INSIDER PARTICIPATION</b></p>

<p style='margin-top:12.0pt;text-indent:.5in'>No
other director or executive officer of the Company serves as an officer,
director or member of a compensation committee of any other entity for which an
executive officer or director thereof is also a member of the Company's Board
of Directors.</p>

<p align="center"><b>COMPENSATION OF EXECUTIVE OFFICERS
AND MANAGEMENT</b></p>

<p align="justify" style="text-indent: 0.5in">The following table sets forth certain
compensation information for the three fiscal years ended June 30, 2004, 2003
and 2002, respectively, by the Chief Executive Officer and the other highest
paid executive officers of the Company (up to four) serving as such at the end
of the 2004 fiscal year whose aggregate total annual salary and bonus for such
year exceeded $100,000 (the &quot;Named Executive Officers&quot;).</p>

<p style='margin-top:0in' align="center"><b><u>SUMMARY
COMPENSATION TABLE</u></b></p>

<div align="left">

<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' width="750">
 <tr>
  <td valign=bottom style='width:221px;padding:0in; '>

  </td>
  <td valign=bottom style='width:59px;padding:0in; '>

  </td>
  <td width=285 colspan=3 valign=bottom style='width:213.55pt;padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center;page-break-after:
  avoid'><b><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annual
  Compensation&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>
  </u></b></p>
  </td>
  <td width=96 valign=bottom style='width:72.05pt;padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center;page-break-after:
  avoid'><b><font size="2">Long Term <br>
	</font><u><font size="2">Compensation </font> </u> </b></p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='width:221px;padding:0in; '>
  <p align=center style='text-align:center;page-break-after:
  avoid'><b><font size="2">&nbsp;Name and <br>
	</font><u><font size="2">Principal Position </font> </u> </b></p>
  </td>
  <td valign=bottom style='width:59px;padding:0in; '>
  <p align=center style='text-align:center;page-break-after:
  avoid'><b><font size="2">&nbsp;Fiscal <br>
	</font><u><font size="2">Year </font> </u> </b></p>
  </td>
  <td width=88 valign=bottom style='width:65.75pt;padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center;page-break-after:
  avoid'><b><u><font size="2">Salary </font> </u></b></p>
  </td>
  <td width=88 valign=bottom style='width:66.0pt;padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center;page-break-after:
  avoid'><b><u><font size="2">Bonus </font><sup><font size="2">(1)</font></sup></u></b></p>
  </td>
  <td width=109 valign=bottom style='width:81.8pt;padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center;page-break-after:
  avoid'><b><font size="2">&nbsp;All Other <br>
	</font><u><font size="2">Compensation <sup>(2)</sup>
  </font> </u> </b></p>
  </td>
  <td width=96 valign=bottom style='width:72.05pt;padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center;page-break-after:
  avoid'><b><font size="2">Securities <br>
	Underlying <br>
	</font><u><font size="2">Stock Options </font> </u> </b></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:221px;padding:0in; '>

  &nbsp;

  </td>
  <td valign=top style='width:59px;padding:0in; '>

  </td>
  <td width=88 valign=top style='width:65.75pt;padding:0in 0in 0in 0in'>

  </td>
  <td width=88 valign=top style='width:66.0pt;padding:0in 0in 0in 0in'>

  </td>
  <td width=109 valign=top style='width:81.8pt;padding:0in 0in 0in 0in'>

  </td>
  <td width=96 valign=top style='width:72.05pt;padding:0in 0in 0in 0in'>

  </td>
 </tr>
 <tr>
  <td valign=top style='width:221px;padding:0in; '>
  <p style='page-break-after:avoid'><font size="2">Patrick Johnson <sup>(3)</sup>
  <br>
	CEO Pro-Dex Inc. and President,&nbsp; Micro Motors, Inc. </font>
  </p>
  </td>
  <td valign=top style='width:59px;padding:0in; ' align="center">
  <p style='page-break-after:avoid'><font size="2">2004<br>
	2003 <br>
	2002</font></p>
  </td>
  <td width=88 valign=top style='width:65.75pt;padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center;page-break-after:
  avoid'><font size="2">$188,964<br>
	$160,795<br>
	$155,357</font></p>
  </td>
  <td width=88 valign=top style='width:66.0pt;padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center;page-break-after:
  avoid'><font size="2">--<br>
	$26,375<br>
	$15,000</font></p>
  </td>
  <td width=109 valign=top style='width:81.8pt;padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center;page-break-after:
  avoid'><font size="2">$18,468<br>
	$22,854<br>
	$17,214</font></p>
  </td>
  <td width=96 valign=top style='width:72.05pt;padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center;page-break-after:
  avoid'><font size="2">--<br>
	300,000<br>
	187,500 </font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:221px;padding:0in; '>

  &nbsp;

  </td>
  <td valign=top style='width:59px;padding:0in; ' align="center">

  </td>
  <td width=88 valign=top style='width:65.75pt;padding:0in 0in 0in 0in'>

  </td>
  <td width=88 valign=top style='width:66.0pt;padding:0in 0in 0in 0in'>

  </td>
  <td width=109 valign=top style='width:81.8pt;padding:0in 0in 0in 0in'>

  </td>
  <td width=96 valign=top style='width:72.05pt;padding:0in 0in 0in 0in'>

  </td>
 </tr>
 <tr>
  <td valign=top style='width:221px;padding:0in; '>
  <p style='page-break-after:avoid'><font size="2">Jeffrey J. Ritchey
	</font> <sup><font size="2">(4)<br>
	</font></sup><font size="2">Treasurer and CFO Pro-Dex Inc. and Controller, Micro
  Motors, Inc. &nbsp;</font></p>
  </td>
  <td valign=top style='width:59px;padding:0in; ' align="center">
  <p style='page-break-after:avoid'><font size="2">2004<br>
	2003 <br>
	2002</font></p>
  </td>
  <td width=88 valign=top style='width:65.75pt;padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center;page-break-after:
  avoid'><font size="2">$113,846<br>
	$103,138<br>
	$78,923</font></p>
  </td>
  <td width=88 valign=top style='width:66.0pt;padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center;page-break-after:
  avoid'><font size="2">--<br>
	$5,968<br>
	-</font></p>
  </td>
  <td width=109 valign=top style='width:81.8pt;padding:0in 0in 0in 0in' align="center">
  <p style='margin-top:0in'><font size="2">$10,230<br>
	$8,842<br>
	$4,909</font></p>
  </td>
  <td width=96 valign=top style='width:72.05pt;padding:0in 0in 0in 0in' align="center">
  <p style='margin-top:0in'><font size="2">--<br>
	60,000<br>
	40,000</font></p>
  </td>
 </tr>
</table>

</div>

<p style='margin-left:71.5pt;text-indent:-44.0pt'>
&nbsp;</p>
<div align="left">
	<table border="0" width="740" id="table3">
		<tr>
			<td align="center" valign="top"><font size="2">(1)</font></td>
			<td width="672"><font size="2">Represents amounts earned in prior
			year and paid in year reported.</font></td>
		</tr>
		<tr>
			<td align="center" valign="top">&nbsp;</td>
			<td width="672">&nbsp;</td>
		</tr>
		<tr>
			<td align="center" valign="top">
<font size="2">(2)</font></td>
			<td width="672">



<p align="justify">
<font size="2">Consists of: for Mr. Johnson, $4,154 in automotive reimbursement
in 2004, and $8,655 in 2003 and 2002; and $12,004, $11,591, and $8,214 of health
insurance and related payments for the years 2004, 2003 and 2002, respectively.
For Mr. Ritchey, health insurance and related payments for the years 2004 and
2003 of $8,867 and $7,509, respectively, and matching contributions made by the
Company under the Company's 401(k) plan of $1,363 in 2004 and $1,333 in 2003.</font></p>



			</td>
		</tr>
		<tr>
			<td align="center" valign="top">&nbsp;</td>
			<td width="672">&nbsp;</td>
		</tr>
		<tr>
			<td align="center" valign="top">
<font size="2">(3)</font></td>
			<td width="672">



<p align="justify">
<font size="2">Mr. Johnson commenced employment with the Company April&nbsp;2000 and
was named President and Chief Executive Officer as of September 2002.</font></p>










			</td>
		</tr>
		<tr>
			<td align="center" valign="top">&nbsp;</td>
			<td width="672">&nbsp;</td>
		</tr>
		<tr>
			<td align="center" valign="top">
<font size="2">(4)</font></td>
			<td width="672">










<p align="justify">
<font size="2">Mr. Ritchey commenced employment with the Company in August&nbsp;2001,
and was named Treasurer and Chief Financial Officer as of July 2002 and
Secretary in October 2003.</font></p>



			</td>
		</tr>
	</table>
</div>



<p align=center style='text-align:center'>Page 9</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>



<br clear=all
style='page-break-before:always'>










<p align="center"><b>OPTION GRANTS IN LAST FISCAL YEAR</b></p>

<p style="text-indent: 0.5in">There were no option grants in the fiscal
year ended June 30, 2004 to the Named Executive Officers.</p>

<p align="center"><b>AGGREGATED OPTION EXERCISES IN LAST FISCAL YEAR AND FISCAL YEAR-END
OPTION VALUES</b></p>

<p style="text-indent: 0.5in">The following table provides information
on option exercises in fiscal year ended June 30, 2004 by the Named Executive
Officers and unexercised options held by each of them at the close of such
fiscal year.&nbsp; </p>

<div align=left>

<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' width="750">
 <tr>
  <td width=110 valign=bottom style='width:82.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:12.0pt;
  page-break-after:avoid'><b><font size="2">&nbsp;</font></b></p>
  <p align=center style='text-align:center;line-height:12.0pt;
  page-break-after:avoid'><b><font size="2">&nbsp;</font></b></p>
  <p align=center style='text-align:center;line-height:12.0pt;
  page-break-after:avoid'><b><u><font size="2">Name</font></u></b></p>
  </td>
  <td width=88 valign=bottom style='width:66.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;line-height:12.0pt' align="center">
	<b><font size="2">Shares<br>
&nbsp;Acquired on<br>
&nbsp;<u>Exercise</u></font></b></p>
  </td>
  <td width=81 valign=bottom style='width:60.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:12.0pt;
  page-break-after:avoid'><b><font size="2">&nbsp;</font></b></p>
  <p align=center style='text-align:center;line-height:12.0pt;
  page-break-after:avoid'><b><font size="2">Value<br>
&nbsp;</font><u><font size="2">Realized</font></u></b></p>
  </td>
  <td width=176 colspan=2 valign=bottom style='width:132.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:12.0pt;
  page-break-after:avoid'><b><font size="2">Number of
  Securities<br>
&nbsp;Underlying Unexercised<br>
&nbsp;</font><u><font size="2">Options at June 30, 2004 (#)</font></u></b></p>
  </td>
  <td width=169 colspan=2 valign=bottom style='width:127.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:12.0pt;
  page-break-after:avoid'><b><font size="2">Value of
  Unexercised <br>
	In-The-Money Options at </font> <u><font size="2"><br>
	June 30, 2004 ($)</font></u></b></p>
  </td>
 </tr>
 <tr>
  <td width=110 valign=top style='width:82.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:12.0pt;
  page-break-after:avoid'><b><font size="2">&nbsp;</font></b></p>
  </td>
  <td width=88 valign=top style='width:66.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=81 valign=top style='width:60.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:12.0pt;
  page-break-after:avoid'><b><font size="2">&nbsp;</font></b></p>
  </td>
  <td width=88 valign=top style='width:66.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:12.0pt;
  page-break-after:avoid'><b><u><font size="2">Exercisable</font></u></b></p>
  </td>
  <td width=88 valign=top style='width:66.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:12.0pt;
  page-break-after:avoid'><b><u><font size="2">Unexercisable</font></u></b></p>
  </td>
  <td width=81 valign=top style='width:60.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:12.0pt;
  page-break-after:avoid'><b><u><font size="2">Exercisable</font></u></b></p>
  </td>
  <td width=89 valign=top style='width:66.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:12.0pt;
  page-break-after:avoid'><b><u><font size="2">Unexercisable</font></u></b></p>
  </td>
 </tr>
 <tr>
  <td width=110 valign=top style='width:82.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='line-height:14.0pt;page-break-after:avoid'>
	<font size="2">Patrick Johnson</font></p>
  </td>
  <td width=88 valign=top style='width:66.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:14.0pt;
  page-break-after:avoid'><font size="2">62,000</font></p>
  </td>
  <td width=81 valign=top style='width:60.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:14.0pt;
  page-break-after:avoid'><font size="2">$147,560</font></p>
  </td>
  <td width=88 valign=top style='width:66.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:14.0pt;
  page-break-after:avoid'><font size="2">319,215</font></p>
  </td>
  <td width=88 valign=top style='width:66.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:14.0pt;
  page-break-after:avoid'><font size="2">106,250</font></p>
  </td>
  <td width=81 valign=top style='width:60.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:14.0pt;
  page-break-after:avoid'><font size="2">$351,135</font></p>
  </td>
  <td width=89 valign=top style='width:66.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:14.0pt;
  page-break-after:avoid'><font size="2">$82,125</font></p>
  </td>
 </tr>
 <tr>
  <td width=110 valign=top style='width:82.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='line-height:14.0pt;page-break-after:avoid'>
	<font size="2">Jeffrey J. Ritchey</font></p>
  </td>
  <td width=88 valign=top style='width:66.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=left style='text-align:center;line-height:14.0pt;
  page-break-after:avoid'><font size="2">0</font></p>
  </td>
  <td width=81 valign=top style='width:60.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=left style='text-align:center;line-height:14.0pt;
  page-break-after:avoid'><font size="2">$0</font></p>
  </td>
  <td width=88 valign=top style='width:66.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:14.0pt;
  page-break-after:avoid'><font size="2">35,000</font></p>
  </td>
  <td width=88 valign=top style='width:66.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:14.0pt;
  page-break-after:avoid'><font size="2">65,000</font></p>
  </td>
  <td width=81 valign=top style='width:60.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:14.0pt;
  page-break-after:avoid'><font size="2">$39,850</font></p>
  </td>
  <td width=89 valign=top style='width:66.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='text-align:center;line-height:14.0pt;
  page-break-after:avoid'><font size="2">$83,350</font></p>
  </td>
 </tr>
</table>

</div>

<p align="center"><b>LONG-TERM INCENTIVE PLAN AWARDS</b></p>

<p align="justify" style="text-indent: 0.5in">In fiscal 2004, no awards were given to
the Named Executive Officers under long-term incentive plans.</p>

<p align="center"><b>EQUITY COMPENSATION PLAN INFORMATION</b></p>



<p style='text-indent:.5in;page-break-after:avoid' align="justify">The following table sets forth information about the
Company's common stock that may be issued upon the exercise of options under
all of the Company's equity compensation plans as of June 30, 2004.</p>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:5.4pt;border-collapse:collapse'>
 <tr>
  <td width=161 valign=bottom style='width:121.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='page-break-after:avoid'><b><font size="2">&nbsp;</font></b></p>
  <p><b><font size="2">&nbsp;</font></b></p>
  <p><b><font size="2">&nbsp;</font></b></p>
  <p><b><font size="2">&nbsp;</font></b></p>
  <p><b><u><font size="2">Plan Category</font></u></b></p>
  </td>
  <td valign=bottom style='width:150px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center;page-break-after:
  avoid'><b><font size="2">Number of Securities<br>
&nbsp;to be Issued Upon <br>
	Exercise of <br>
	Outstanding
  Options,<br>
&nbsp;</font><u><font size="2">Warrants, and Rights</font></u></b></p>
  </td>
  <td valign=bottom style='width:172px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center'><b><font size="2">&nbsp;</font></b></p>
  <p align=center style='text-align:center'><b><font size="2">Weighted Average<br>
&nbsp;Exercise Price of <br>
	Outstanding Options, <u><br>
	Warrants, and Rights</u> </font> </b></p>
  </td>
  <td valign=bottom style='width:147px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center'><b><font size="2">&nbsp;</font></b></p>
  <p align=center style='text-align:center'><b><font size="2">&nbsp;</font></b></p>
  <p align=center style='text-align:center'><b><font size="2">Number of
  Securities<br>
&nbsp;Remaining Available <br>
	</font> <u><font size="2">for Future Issuance</font></u></b></p>
  </td>
 </tr>
 <tr>
  <td width=161 valign=top style='width:121.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='page-break-after:avoid'><b><font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='width:150px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center;page-break-after:
  avoid'><font size="2">(a)</font></p>
  </td>
  <td valign=top style='width:172px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center'><font size="2">(b)</font></p>
  </td>
  <td valign=top style='width:147px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center'><font size="2">(c)</font></p>
  </td>
 </tr>
 <tr>
  <td width=161 valign=top style='width:121.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=left style='text-align:left;page-break-after:avoid'>
	<font size="2">Equity
  Compensation Plans Approved by Security Holders</font></p>
  </td>
  <td valign=bottom style='width:150px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
  <td valign=bottom style='width:172px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
  <td valign=bottom style='width:147px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
 </tr>
 <tr>
  <td width=161 valign=top style='width:121.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='page-break-after:avoid'><font size="2">&nbsp;&nbsp;&nbsp; &#9679;&nbsp; Employee Plan</font></p>
  </td>
  <td valign=bottom style='width:150px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center;page-break-after:
  avoid'><font size="2">1,221,405</font></p>
  </td>
  <td valign=bottom style='width:172px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center'><font size="2">$1.29</font></p>
  </td>
  <td valign=bottom style='width:147px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center'><font size="2">216,595</font></p>
  </td>
 </tr>
 <tr>
  <td width=161 valign=top style='width:121.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='page-break-after:avoid'><font size="2">&nbsp;&nbsp;&nbsp; &#9679;&nbsp; Director Plan</font></p>
  </td>
  <td valign=bottom style='width:150px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center;page-break-after:
  avoid'><font size="2">220,000</font></p>
  </td>
  <td valign=bottom style='width:172px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center'><font size="2">$0.82</font></p>
  </td>
  <td valign=bottom style='width:147px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center'><font size="2">260,000</font></p>
  </td>
 </tr>
 <tr>
  <td width=161 valign=top style='width:121.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p align=left style='text-align:left;page-break-after:avoid'>
	<font size="2">Equity
  Compensation Plans Not Approved by Security Holders</font></p>
  </td>
  <td valign=bottom style='width:150px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>


  <p style='margin-top:0in' align="center"><font size="2">262,000</font></p>
  </td>
  <td valign=bottom style='width:172px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>


  <p align=center style='text-align:center'><font size="2">$1.42</font></p>
  </td>
  <td valign=bottom style='width:147px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>


  <p align=center style='text-align:center'><font size="2">--</font></p>
  </td>
 </tr>
 <tr>
  <td width=161 valign=top style='width:121.0pt;padding:0in 5.4pt 0in 5.4pt'>

  &nbsp;

  </td>
  <td valign=bottom style='width:150px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  &nbsp;

  </td>
  <td valign=bottom style='width:172px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
  <td valign=bottom style='width:147px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>

  </td>
 </tr>
 <tr>
  <td width=161 valign=top style='width:121.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='page-break-after:avoid'><font size="2">Total</font></p>
  </td>
  <td valign=bottom style='width:150px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center'><font size="2">1,703,405</font></p>
  </td>
  <td valign=bottom style='width:172px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center'><font size="2">$1.25</font></p>
  </td>
  <td valign=bottom style='width:147px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center'><font size="2">476,595</font></p>
  </td>
 </tr>
</table>

<p align=center style='text-align:center'>Page 10</p>

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text-indent:0in'>

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<br clear=all
style='page-break-before:always'>










<p align="center"><b>EMPLOYMENT CONTRACTS AND CHANGE IN CONTROL
ARRANGEMENTS</b></p>










<p align="justify" style="text-indent: 0.5in">Mr. Johnson has an Employment Agreement (&quot;Employment
Agreement&quot;) with the Company dated April 3, 2000 (as amended September 6, 2002
and further amended October 1, 2003), concerning his employment as the
Company's President and Chief Executive Officer through&nbsp; October 1, 2005
with a base rate of pay, commencing&nbsp; October 1, 2003, of $205,000 per
annum and, a grant of 300,000 stock options, 200,000 of which are exercisable
at $0.35 per share and 100,000 exercisable commencing September 6, 2004 at
$1.42 per share.&nbsp; Mr. Johnson is also eligible to receive additional
performance-based compensation.&nbsp; If Mr. Johnson is terminated without
&quot;cause&quot; during the term of his employment, he shall be entitled to compensation
under its terms for the remainder of the Employment Agreement term.&nbsp; The
Employment Agreement may be terminated by either party, upon sixty (60) days
notice, if a Change of Control shall have occurred, and Mr. Johnson shall be
entitled to (i) his salary and (ii) to the extent permitted by the Company's
insurance policies, insurance benefits for a period of one year from the date
of termination.&nbsp; In addition, upon a Change in Control, the unvested
portion of Mr. Johnson's stock options shall immediately vest.&nbsp; &quot;Change in
Control&quot; is defined to mean either one of the following:&nbsp; (i) when any
&quot;person,&quot; as such term is used in Sections 13(d) and 14(d) of the Exchange Act
(other than a shareholder of the Company on the date of the Agreement), the
Company, a subsidiary or a Company Employee Benefit Plan, (including any
trustee of such Plan acting as trustee) becomes, after the date of the
Agreement, the &quot;beneficial owner&quot; (as defined in Rule 13d-3 under the Exchange
Act), directly or indirectly, of securities of the Company representing 35% or
more of the combined voting power of the Company's then outstanding&nbsp;
securities; or&nbsp; (ii)&nbsp; the occurrence of a transaction requiring
shareholder approval, and involving the sale of all or substantially all of the
assets of the Company or the merger of the Company with or into another
corporation.</p>

<p align="justify" style="text-indent: 0.5in">For options and warrants other than those
discussed above, the Board of Directors, as the administrator of the Company's 2004
Employee Stock Option Plan and Director Stock Option Plan, has the discretion
to accelerate any outstanding options held by the employees and directors in
the event of an acquisition of the Company by a merger or asset sale in which
the outstanding options under each such plan are not to be assumed by the successor
corporation or substituted with options to purchase shares of such corporation.</p>

<p align=center style='text-align:center;text-indent:0in;page-break-after:
avoid'><b>REPORT OF THE BOARD OF DIRECTORS ON EXECUTIVE
COMPENSATION</b></p>

<p align="justify" style="text-indent: 0.5in">The Company applies a consistent
philosophy to compensation for all employees, including senior management. This
philosophy is based on the premise that the achievements of the Company result
from the coordinated efforts of all individuals working toward common
objectives. The Company strives to achieve those objectives through teamwork
that is focused on meeting the expectations of customers and shareholders.</p>

<p style='page-break-after:avoid'><b>Compensation
Philosophy</b> </p>

<p align="justify" style="text-indent: 0.5in">The goals of the compensation program are
to align compensation with business objectives and performance, and to enable
the Company to attract, retain and reward executive officers that contribute to
the long-term success of the Company. The Company's compensation program for
executive officers is based on the same four principles applicable to
compensation decisions for all employees of the Company:</p>

<ul>
	<li>
	<p style='margin-top:12.0pt' align="justify">The Company pays competitively. The Company is committed to
providing a pay program that helps attract and retain highly qualified people
in the industry.&nbsp; To ensure that pay is competitive, the Company compares its
pay practices with those of other leading companies of similar size and sets
its pay parameters based on this review.<br>
&nbsp;</p></li>
	<li>
	<p style='margin-right:0in;' align="justify">The Company pays for relative sustained performance. Executive
officers are rewarded based upon corporate performance and individual
performance. Corporate performance is evaluated by the Board of Directors by reviewing
the extent to which strategic and business plan goals are met, including such
factors as revenues, operating profit and cash flow. </p></li>
</ul>

<p align=center style='text-align:center'>Page 11</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p>

<br clear=all
style='page-break-before:always'>


</p>
<ul>
	<li>
	<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-bottom:.0001pt;' align="justify">The Company strives for fairness in the administration of pay and
to achieve a balance of the compensation paid to a particular individual with
the compensation paid to other executives both inside the Company and at
comparable companies.<br>
&nbsp;</p></li>
	<li>
	<p align="justify">The Company believes that employees should understand the
performance evaluation and pay administration process. The process of assessing
performance is as follows:</p></li>
</ul>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:1.0in;margin-bottom:.0001pt;text-indent:-17.0pt' align="justify">1.&nbsp;&nbsp; At the beginning of the performance cycle, the Chief
Executive Officer or other evaluating manager sets objectives and key goals.</p>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:19.0pt;margin-bottom:.0001pt;text-indent:.5in' align="justify">2.&nbsp;&nbsp; The evaluating manager gives the employee ongoing
feedback on performance.</p>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:1.0in;margin-bottom:.0001pt;text-indent:-17.0pt' align="justify">3.&nbsp;&nbsp; At the end of the performance cycle, the manager
objectively and subjectively evaluates the accomplishment of objectives/key
goals.</p>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:1.0in;margin-bottom:.0001pt;text-indent:-17.0pt' align="justify">4.&nbsp;&nbsp; The
manager compares the results to the results of peers within the Company.</p>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:19.0pt;margin-bottom:.0001pt;text-indent:.5in' align="justify">5.&nbsp;&nbsp; The evaluating manager communicates the comparative
results to the employee.</p>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:1.0in;margin-bottom:.0001pt;text-indent:-17.0pt' align="justify">6.&nbsp;&nbsp; The comparative result affects decisions on salary
and, if applicable, bonus and, if applicable, stock options.</p>

<p style='margin-top:12.0pt;page-break-after:avoid'><b>Compensation Vehicles</b></p>

<p style="text-indent: 0.5in">The Company has historically used a
compensation program that consists of cash and equity based compensation. The
vehicles are:</p>

<p style="text-indent: 0.5in"><u>Salary</u>. The Company sets base
salary for its employees by reviewing the base salary for competitive positions
in the market in order to attract, retain, and motivate highly talented
individuals at all levels in the organization. </p>

<p style="text-indent: 0.5in"><u>Bonus</u>.&nbsp; The Company utilizes
incentive compensation plans for selected employees to reward achievement of
key objectives and goals.</p>

<p style='page-break-after:avoid; text-indent:0.5in' align="justify"><u>Employee
Stock Option Program</u>. The purpose of this program is to provide additional
incentives to selected employees to work to maximize shareholder value.&nbsp; The
Board of Directors makes all stock option grants.&nbsp; Stock options generally are
granted with an exercise price equal to the fair market value of the underlying
Common Stock on the date of grant and vest in equal annual installments over a
four-year period. </p>

<p align="center"><b>BOARD OF DIRECTORS COMPENSATION
COMMITTEE</b></p>

<p align=center style='text-align:center;text-indent:0in'>Valerio L. Giannini&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Michael A. Mesenbrink&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mark P. Murphy</p>

<p align=center style='text-align:center;text-indent:0in;page-break-after:
avoid'><b>AUDIT COMMITTEE REPORT</b></p>

<p align="justify" style="text-indent: 0.5in">The Audit Committee reports to and acts on
behalf of the Board of Directors in providing oversight to the financial
management, independent auditors, and financial reporting procedures of the
Company.&nbsp; The Company's management is responsible for preparing the Company's
financial statements and the independent auditors are responsible for auditing
those statements.&nbsp; In this context, the Audit Committee has reviewed and
discussed the audited financial statements contained in the 2004 Annual Report
on Form 10-KSB with management and the independent auditors.</p>

<p align=center style='text-align:center'>Page 12</p>

<div class=Body align=center style='margin-top:0in;text-align:center;
text-indent:0in'>

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</div>



<br clear=all
style='page-break-before:always'>










<p align="justify" style="text-indent: 0.5in">The Audit Committee has discussed with the independent auditors
the matters required to be discussed by the Statement on Auditing Standards No.
61 (&quot;Communication with Audit Committees&quot;), as amended.&nbsp; The Audit Committee
has received the written disclosures and the letter from the independent
auditors required by Independence Standards Board Standard No. 1 (Independence
Discussions with Audit Committees), as amended, and has discussed with the
independent auditors their independence.&nbsp; In concluding that the auditors are
independent, the Committee considered, among other factors, whether the
non-audit services provided by Moss Adams, LLP were compatible with maintaining
their independence.&nbsp; </p>

<p align="justify" style="text-indent: 0.5in">In reliance on the reviews and discussions
referred to above, the Audit Committee recommended to the Board of Directors
that the audited financial statements be included in the Company's Annual
Report on Form 10-KSB for the year ended June 30, 2004, for filing with the
Securities and Exchange Commission.&nbsp; </p>

<p style='page-break-after:avoid; text-indent:0.5in' align="justify">The Audit
Committee has retained Moss Adams, LLP to serve as the Company's independent
auditors for the year ending June 30, 2005.</p>

<p align=center style='text-align:center;text-indent:0in;page-break-after:
avoid'><b>AUDIT COMMITTEE</b></p>

<p align=center style='text-align:center;text-indent:0in'>Valerio L. Giannini &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Michael A. Mesenbrink&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mark P. Murphy</p>

<p align="center"><b>DIRECTORS' COMPENSATION</b></p>

<p align="justify" style="text-indent: 0.5in">Directors of the Company who are not also
employees received a fee of $3,000 per quarter plus $1,000 per board meeting,
plus $750 per each day of committee meetings attended, together with reasonable
expenses of attendance at committee meetings.&nbsp; The Directors fees paid in the
fiscal year ended June 30, 2004 are as follows:</p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:0pt;border-collapse:collapse;border-collapse:collapse !msorm' width="513">
 <tr>
  <td valign=bottom style='width:157px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='line-height:12.0pt'><b>&nbsp;</b></p>
  <p style='line-height:12.0pt'><b><u>Director</u></b></p>
  </td>
  <td valign=bottom style='width:328px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p align=center style='text-align:center;line-height:12.0pt'><b>Director's
  Fees received in the <u><br>
	Fiscal Year Ending June 30, 2004</u></b></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:157px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p>Ronald G. Coss </p>
  </td>
  <td valign=top style='width:328px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
  <p style='line-height:12.0pt'>$10,131</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:157px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p>George Isaac </p>
  </td>
  <td valign=top style='width:328px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
  <p style='line-height:12.0pt'>$16,500</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:157px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p>Mark P. Murphy </p>
  </td>
  <td valign=top style='width:328px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
  <p style='line-height:12.0pt'>$22,500</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:157px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p>Michael Mesenbrink </p>
  </td>
  <td valign=top style='width:328px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
  <p style='line-height:12.0pt'>$22,500</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:157px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p>Valerio Giannini </p>
  </td>
  <td valign=top style='width:328px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
  <p style='line-height:12.0pt'>$22,500</p>
  </td>
 </tr>
</table>

</div>

<p style='margin-top:12.0pt;text-indent:.5in' align="justify">The
Company's shareholders have approved the Director's Plan pursuant to which
non-employee directors may be granted options to purchase shares of the
Company's Common Stock. In accordance with the Directors' Plan's provisions,
the Board of Directors previously adopted a policy to grant each outside
director an initial option to purchase 20,000 shares of Common Stock on the
date of his commencement of service as a director and an option to purchase
15,000 shares annually, exercisable at the closing price on each anniversary
date of such service. The maximum term of each option is ten years. The options
fully vest after 6 months and expire 90 days from the termination of the
director's service on the Company's Board of Directors.</p>

<p style='margin-top:12.0pt;text-indent:.5in' align="justify">During the fiscal year ended June
30, 2004, one of the Company's prior Directors, Mr. Coss, and four of the
Company's current Directors, Messrs. Isaac, Mesenbrink, Murphy, and Giannini,
were each granted options to purchase 15,000 shares of common stock,
exercisable at share prices of $1.40, $1.40, $1.77, $1.60 and $2.18 per share,
respectively.&nbsp;&nbsp;&nbsp;&nbsp; </p>

<p align=center style='text-align:center'>Page 13</p>

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<p align="center"><b>SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE</b></p>










<p style='margin-top:12.0pt;text-indent:.5in' align="justify">Under Section
16(a) of the Securities Exchange Act of 1934, as amended, the directors and
officers of the Company and any person who owns more than ten percent of the
Company's Common Stock are required to report their initial ownership of the
Company's Common Stock and any subsequent changes in that ownership to the
Securities and Exchange Commission (&quot;SEC&quot;) and the NASDAQ Small Cap Market.
Officers, directors and greater than 10% shareholders are required by SEC
regulations to furnish the Company with copies of all forms they file in
accordance with Section 16(a).&nbsp; Based solely on its review of the copies of
such forms received by it, or written representations from certain reporting persons
that no Forms 5 were required for those persons, the Company believes that,
during the fiscal year ended June 30, 2004, its officers, directors and greater
than 10% shareholders complied with all filing requirements applicable to such
persons, except that Mr. Ronald G. Coss, a beneficial owner of greater than ten
percent of the Company's Common Stock, filed three Reports on Form 4 concerning
three sales of the Company's Common Stock, that were late.</p>



<p align=center style='text-align:center'><b>COMMUNICATIONS
WITH DIRECTORS</b></p>

<p align="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board
has established a process to receive communications from shareholders.
Shareholders and other interested parties may contact any member (or all
members) of the Board, or the independent directors as a group, any Board
committee or any Chair of any such committee by mail or electronically. To
communicate with the Board of Directors, any individual directors or any group
or committee of directors, correspondence should be addressed to the Board of
Directors or any such individual directors or group or committee of directors
by either name or title. All such correspondence should be sent &quot;c/o
Corporate Secretary&quot; at 151 E. Columbine Avenue, Santa Ana, California 92707.&nbsp; To communicate with any of our directors electronically, a shareholder
should send an email to the Company's Secretary: jefrit@pro-dex.com. </p>



<p align="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
communications received as set forth in the preceding paragraph will be opened
by the Company's Secretary for the sole purpose of determining whether the
contents represent a message to one or more of the directors. Any contents that
are not in the nature of advertising, promotions of a product or service,
patently offensive material or matters deemed inappropriate for the Board of
Directors will be forwarded promptly to the addressee. In the case of
communications to the Board or any group or committee of directors, the
Company's Secretary will make sufficient copies (or forward such information in
the case of e-mail) of the contents to send to each director who is a member of
the group or committee to which the envelope or e-mail is addressed. </p>



<p style='text-indent:.5in' align="justify">It is the Company's policy that its
directors are invited and encouraged to attend the 2004 Annual Meeting.&nbsp; All of
the directors were in attendance at the 2003 Annual Meeting.</p>

<p align=center style='margin-top:12.0pt;text-align:center;
page-break-after:avoid'><b>Proposal No. 2</b></p>

<p align=center style='margin-top:12.0pt;text-align:center;
page-break-after:avoid'><b>RATIFICATION OF APPOINTMENT OF INDEPENDENT PUBLIC
ACCOUNTANTS</b></p>

<p style='margin-top:12.0pt;text-indent:.5in' align="justify">The Audit Committee of the Company has appointed the firm
of Moss Adams, LLP as the Company's independent certified public accountants
for the fiscal year ending June 30, 2005, and requests the shareholders to ratify
this appointment by the holders of a majority of the shares represented either
in person or proxy at the Annual Meeting.&nbsp; In the event that the shareholders
do not ratify the selection of Moss Adams, LLP as the Company's independent
public accountants, the Board of Directors will consider the selection of
another independent public accounting firm. McGladrey &amp; Pullen, LLP audited
the Company's financial statements for the year ended June 30, 2003 that were
included in the Company's most recent Annual Report on Form 10-KSB.</p>



<p style='text-indent:.5in' align="justify">A
representative of Moss Adams, LLP is expected to be present at the annual
meeting, will have the opportunity to make a statement if such representative
desires to do so, and will be available to respond to appropriate questions. </p>

<p align=center style='text-align:center'>Page 14</p>

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</div>

<p style='line-height:1.0pt'><b>&nbsp;</b></p>

<b><br clear=all
style='page-break-before:always'>
</b>

<p style='text-indent:.5in' align="center"><b>ACCOUNTING FEES</b></p>

<p
style='text-align:justify; text-indent:0.5in'> The Audit Committee's policy is to pre-approve all auditing services and permitted non-audit services (including the fees and terms thereof) to be performed for the Company by its independent auditor, subject to the de minimis exceptions for non-audit services described in Section 10A(i)(1)(B) of the Securities Exchange Act of 1934 which are approved by the Audit Committee prior to the completion of the audit.&nbsp; The Audit Committee considers whether the performance of any service by the Company's independent auditors is compatible with maintaining such auditor's independence.</p>



<p style='margin-bottom:.0001pt;text-align:justify;text-indent:0.5in; margin-left:0in; margin-right:0in; margin-top:0in'>The following table sets
forth the aggregate fees billed to the Company for the fiscal years ended June
30, 2004 and June 30, 2003 by the Company's auditors, all of which were preapproved
by the Audit Committee: </p>
<p style='margin-bottom:.0001pt;text-align:justify;text-indent:0.5in; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>



<div align=left>

<table class=MsoNormalTable border=0 cellpadding=0
 style='width:706px;margin-left:0pt;border-collapse:collapse'>
 <tr>
  <td valign=bottom style='width:96px;padding:0in'>

  &nbsp;</td>
  <td valign=bottom style='width:327px;padding:0in'>

  </td>
  <td colspan=2 valign=bottom style='width:152px;padding:0in; '>
  <p align=center style='text-align:center'>Fiscal&nbsp;2004</p>
  </td>
  <td valign=bottom style='width:38px;padding:0in; '>

  </td>
  <td colspan=2 valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center'>Fiscal&nbsp;2003</p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='width:96px;padding:0in'>

  &nbsp;</td>
  <td valign=bottom style='width:327px;padding:0in'>

  &nbsp;</td>
  <td colspan=2 valign=bottom style='width:152px;padding:0in; '>
  &nbsp;
  </td>
  <td valign=bottom style='width:38px;padding:0in; '>

  &nbsp;</td>
  <td colspan=2 valign=bottom style='padding:0in 0in 0in 0in'>
  &nbsp;</td>
 </tr>
 <tr>
  <td valign=top style='width:96px;padding:0in'>
  &nbsp;</td>
  <td valign=top style='width:327px;padding:0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'>Audit Fees<sup>(1)</sup></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>$</p>
  </td>
  <td valign=bottom style='width:130px;padding:0in; '>
  <p align=right style='margin-right:13.1pt;text-align:right'>104,000</p>
  </td>
  <td valign=bottom style='width:38px;padding:0in; '>
  <p>&nbsp;&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in' width="62">
  <p>$</p>
  </td>
  <td valign=bottom style='width:121px;padding:0in; '>
  <p align=right style='margin-right:16.45pt;text-align:right'>136,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:96px;padding:0in'>
  &nbsp;</td>
  <td valign=top style='width:327px;padding:0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'>Audit-Related Fees<sup>(2)</sup></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>$</p>
  </td>
  <td valign=bottom style='width:130px;padding:0in; '>
  <p align=right style='margin-right:13.1pt;text-align:right'>46,069</p>
  </td>
  <td valign=bottom style='width:38px;padding:0in; '>
  <p>&nbsp;&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in' width="62">
  <p>$</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='margin-right:16.45pt;text-align:right'>30,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:96px;padding:0in'>
  &nbsp;</td>
  <td valign=top style='width:327px;padding:0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'>Tax Fees<sup>(3)</sup></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>$</p>
  </td>
  <td valign=bottom style='width:130px;padding:0in; '>
  <p align=right style='margin-right:13.1pt;text-align:right'>39,852</p>
  </td>
  <td valign=bottom style='width:38px;padding:0in; '>
  <p>&nbsp;&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in' width="62">
  <p>$</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='margin-right:16.45pt;text-align:right'>30,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:96px;padding:0in'>
  &nbsp;</td>
  <td valign=top style='width:327px;padding:0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'>All Other Fees<sup>(4)</sup></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>$</p>
  </td>
  <td valign=bottom style='width:130px;padding:0in; '>
  <p align=right style='margin-right:13.1pt;text-align:right'>1,875</p>
  </td>
  <td valign=bottom style='width:38px;padding:0in; '>
  <p>&nbsp;&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in' width="62">
  <p>$</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='margin-right:16.45pt;text-align:right'>&nbsp;&nbsp;&nbsp;
  ---</p>
  </td>
 </tr>
</table>

</div>

<div class=MsoNormal align=left style='text-align:left'>

<hr size=1 width="18%" noshade color=black align=left>

</div>

<p style='text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>(1) <i>Audit Fees</i>
consist of fees billed for professional services rendered for the audit of the
Company's consolidated annual financial statements and review of the interim
consolidated financial statements included in quarterly reports and services
that are normally provided by Moss Adams LLP (current independent auditors) and
McGladrey &amp; Pullen LLP (previous independent auditors) in connection with
statutory and regulatory filings or engagements. </p>



<p style='text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>(2) <i>Audit-Related
Fees</i> consist of fees billed for assurance and related services that are
reasonably related to the performance of the audit or review of the Company's
consolidated financial statements and are not reported under &quot;Audit Fees.&quot; This
category includes fees related to due diligence services pertaining to
potential business acquisitions/disposition; and consultation regarding
accounting or disclosure treatment of transactions or events and/or the actual
or potential impact of final or proposed rules, standard or interpretation by
the SEC, FASB or other regulatory or standard-setting bodies as well as general
assistance with implementation of the requirements of SEC rules or listing
standards promulgated pursuant to the Sarbanes-Oxley Act of 2002. </p>



<p style='text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>(3) <i>Tax Fees</i>
consist of fees billed for professional services rendered for tax compliance,
tax advice and tax planning. These services include assistance regarding
federal state and local tax compliance, planning and advice. </p>



<p style='text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>(4) <i>All Other Fees</i>
consist of fees for products and services other than the services reported
above. </p>

<p align=center style='text-align:center'>Page 15</p>

<div class=Body align=center style='margin-top:0in;text-align:center;
text-indent:0in'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>



<br clear=all
style='page-break-before:always'>










<p align=center style='text-align:center;text-indent:0in'><b>CHANGES IN THE COMPANY'S CERTIFYING ACCOUNTANT</b></p>










<p align="justify" style="text-indent: 0.5in">On October 16, 2003, the Company dismissed McGladrey &amp;
Pullen, LLP (&quot;McGladrey&quot;) as its independent accountant. The reports of
McGladrey on the Company's financial statements for the past two fiscal years
contained no adverse opinion or disclaimer of opinion and were not qualified or
modified as to uncertainty, audit scope or accounting principles. The Company's
decision to change accountants was approved by its Audit Committee.&nbsp; In connection with its audits for the two most recent
fiscal years and through October 16, 2003, there have been no disagreements
with McGladrey on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which disagreements if not
resolved to the satisfaction of McGladrey would have caused them to make
reference thereto in their report on the financial statements for such years.
During the two most recent fiscal years and through October 16, 2003, there
have been no reportable events (as defined in Regulation S-K Item
304(a)(1)(v)).</p>

<p style="text-indent: 0.5in" align="justify">The Company's Audit Committee approved the
engagement of Moss Adams, LLP (&quot;Moss Adams&quot;) as its new independent accountant,
for the fiscal year ending June 30, 2004 to replace McGladrey. During the two
most recent fiscal years and through October 16, 2003, the Company has not
consulted with Moss Adams regarding either (i)&nbsp;the application of
accounting principles to a specified transaction, either completed or proposed;
or the type of audit opinion that might be rendered on the Company's financial
statements; or (ii)&nbsp;any matter that was either the subject of a
disagreement, as that term is defined in Item&nbsp;304(a)(1)(iv) of
Regulation&nbsp;S-K and the related instructions to Item&nbsp;304 of Regulation&nbsp;S-K,
or a reportable event, as that term is defined in Item&nbsp;304(a)(1)(v) of
Regulation&nbsp;S-K. The Company has authorized McGladrey to respond fully to
any inquiries from Moss Adams relating to its engagement as the Company's
independent accountant.</p>

<p align=left style='text-align:left;text-indent:0in;page-break-after:
avoid'><b>Required Vote and Board Recommendation</b></p>

<p style='page-break-after:avoid; text-indent:0.5in' align="justify">The
affirmative vote of a majority of the shares of the Company's common stock
present in person or represented by proxy at the meeting and entitled to vote
on this proposal will constitute shareholder ratification of the appointment.
If shareholder approval of this proposal is not obtained, the Company's Audit
Committee may reconsider the Company's appointment of Moss Adams, LLP as the
Company's independent auditors.</p>

<p style='text-indent:.5in'><b>THE BOARD
OF DIRECTORS RECOMMENDS THAT THE SHAREHOLDERS VOTE &quot;FOR&quot; THE RATIFICATION OF
THE APPOINTMENT OF MOSS ADAMS, LLP TO SERVE AS THE COMPANY'S INDEPENDENT
AUDITORS FOR THE FISCAL YEAR ENDING JUNE&nbsp;30,&nbsp;2005.</b></p>



<p align=center style='text-align:center'><b>ANNUAL REPORT</b></p>

<p align="justify" style="text-indent: 0.5in">The Company's Annual Report containing
audited financial statements for the fiscal years ended June 30, 2004
accompanies this Proxy Statement.&nbsp; Such report is not incorporated herein and
is not deemed to be a part of this proxy solicitation material.</p>

<p align="center"><b>PROPOSALS OF SHAREHOLDERS</b></p>

<p align="justify" style="text-indent: 0.5in">Pursuant to Rule 14a-8 of the Securities
and Exchange Commission, proposals by shareholders which are intended for
inclusion in the Company's proxy statement and proxy and to be presented at the
Company's next Annual Meeting must be received by the Company by June 30, 2005,
in order to be considered for inclusion in the Company's proxy materials. Such
proposals should be addressed to the Company's Secretary and may be included in
next year's proxy materials if they comply with certain rules and regulations
of the Securities and Exchange Commission governing shareholder proposals. The
Shareholder Notice must also comply with certain other requirements set forth
in the Company's Bylaws, a copy of which may be obtained by written request
delivered to the Company's Secretary.</p>

<p align=center style='text-align:center'>Page 16</p>

<div class=Body align=center style='margin-top:0in;text-align:center;
text-indent:0in'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>



<br clear=all
style='page-break-before:always'>










<p align="center"><b>OTHER MATTERS</b></p>










<p align="justify">The Board of Directors knows of no other matters which will be
acted upon at the Annual Meeting. If any other matters are presented properly
for action at the Annual Meeting or at any adjournment thereof, it is intended
that the proxy will be voted with respect thereto in accordance with the best
judgment and in the discretion of the proxy holder.</p>

<p><b>THE COMPANY'S SHAREHOLDERS ARE URGED TO
COMPLETE, SIGN AND RETURN PROMPTLY THE ACCOMPANYING PROXY CARD IN THE ENCLOSED
ENVELOPE.</b></p>

<p align=left style='margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:3.0in;margin-bottom:.0001pt;text-align:left;
text-indent:-3.0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By
Order of the Board of Directors,<br>
<br>
PRO-DEX, INC.<br>
<br>
<br>
/s/ Jeffrey J. Ritchey<br>
Corporate Secretary</p>

<p align=left style='text-align:left'>Santa Ana, California<br>
October 15, 2004</p>



<p style='margin-top:12.0pt' align="justify">SHAREHOLDERS
MAY OBTAIN FREE OF CHARGE A COPY OF THE COMPANY'S ANNUAL REPORT ON FORM 10-KSB
FOR THE FISCAL YEAR ENDED June 30, 2004, (WITHOUT EXHIBITS) AS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION BY WRITING TO:&nbsp; INVESTOR RELATIONS, PRO-DEX,
INC., 151 E. COLUMBINE AVE, SANTA ANA, CALIFORNIA 92707 OR CALL (714) 241-4411.</p>

<p align=center style='text-align:center'>Page 17</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p align=center style='text-align:center;line-height:1.0pt'><b>&nbsp;</b></p>

<b><br clear=all
style='page-break-before:always'>
</b>

<p align=center style='text-align:center;line-height:1.0pt'><b>&nbsp;</b></p>

<p align=center style='text-align:center;line-height:1.0pt'><b>&nbsp;</b></p>



<p align=center style='text-align:center;line-height:1.0pt'><b>&nbsp;</b></p>

<p align=center style='text-align:center'><b>THIS PROXY IS
SOLICITED BY THE BOARD OF DIRECTORS<br>
ANNUAL
MEETING OF SHAREHOLDERS <br>
TO
BE HELD DECEMBER 6, 2004 </b></p>



<p align="justify">The undersigned hereby appoints Valerio
L. Giannini and Patrick L. Johnson, and each of them, individually, as attorneys
and proxies, with full power of substitution, to represent and vote, as designated below, all shares of
common stock of Pro-Dex, Inc. held of record by the undersigned on
October&nbsp;15,&nbsp;2004, at the annual meeting of shareholders to be held at
the DoubleTree Hotel Santa Ana, 201 E. MacArthur Blvd, Santa Ana, California
92707 on December 6, 2004, at 8:00&nbsp;a.m., local time, and at any and all
adjournments thereof.</p>



<p style='margin-left:.5in;text-indent:-.5in'>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To elect two Class I directors as follows:</p>





<div align="left">





<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' width="750">
 <tr>
  <td width=330 valign=top style='width:247.5pt;padding:0in 0in 0in 0in'>
  <p>FOR <br>
	approval of the
  election of the Class I nominees listed below (except as marked to the
	contrary below). </p>
  </td>
  <td width=292 valign=top style='width:218.75pt;padding:0in 0in 0in 0in'>
  <p>&nbsp;&nbsp;&nbsp;&nbsp; WITHHOLD AUTHORITY <br>
	to vote for the Class
  I nominees listed below. </p>
  </td>
  <td width=2 valign=top style='width:1.75pt;padding:0in 0in 0in 0in'>

  </td>
 </tr>
</table>



</div>



<p style='margin-left:35.0pt;text-indent:-18.5pt'>George J. Isaac&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michael A. Mesenbrink</p>
<p style='margin-left:35.0pt;text-indent:-18.5pt'>Instructions:&nbsp; To
withhold authority to vote for any individual nominee, line through or otherwise
strike out the nominee's name above.</p>



<p align="justify">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To
ratify the appointment of Moss Adams, LLP as the Company's independent auditors
for the fiscal year ending June 30, 2005 (circle one). </p>



<p align=center style='text-align:center'>FOR
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AGAINST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
ABSTAIN</p>



<p align="justify">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In their discretion, the
proxies are authorized to vote upon such other business as may properly come
before the meeting or any adjournment thereof. </p>



<p style='text-indent:38.5pt' align="justify">This proxy
when properly executed will be voted in the manner directed herein by the
undersigned shareholder. If no direction is made, this proxy will be voted
&quot;FOR&quot; all Proposals. </p>
<p style='text-indent:38.5pt' align="justify">&nbsp;</p>
<p style='text-indent:38.5pt' align="justify">&nbsp;</p>
<p style='text-indent:38.5pt' align="justify">&nbsp;</p>
<p style='text-indent:38.5pt' align="justify">&nbsp;</p>

<p align=center style='text-align:center'>Page 18</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>



<br clear=all
style='page-break-before:always'>










<p style='line-height:1.0pt'>&nbsp;</p>

<p><b>PLEASE MARK, SIGN, DATE
AND RETURN THIS PROXY PROMPTLY USING THE ENCLOSED ENVELOPE. </b></p>



<div align="left">
	<table border="0" width="740" id="table2">
		<tr>
			<td>&nbsp;</td>
			<td width="331">Dated:____________, 2004 <br>
			Name:_________________ <br>
			Common Shares:_________ <br>
			_______________________ <br>
			Signature <br>
			_______________________ <br>
			Signature (if jointly held)
			<p>&nbsp;</p></td>
		</tr>
		<tr>
			<td>&nbsp;</td>
			<td width="331">
			<p align="justify">Please sign exactly as name appears in the records of
Pro-Dex, Inc. When shares are held by joint tenants, both should sign. When
signing as attorney, as executor, administrator, trustee or guardian, please
give full title as such. If a corporation, please sign in full corporate name
by President or other authorized officer. If a partnership, please sign in
partnership name by authorized person. </p></td>
		</tr>
	</table>
</div>

<p align=center style='text-align:center'>&nbsp;</p>
<p align=center style='text-align:center'>&nbsp;</p>
<p align=center style='text-align:center'><b>End of Filing</b></p>
<p align=center style='text-align:center'>&nbsp;</p>
<p align=center style='text-align:center'>&nbsp;</p>
<p align=center style='text-align:center'>&nbsp;</p>
<p align=center style='text-align:center'>&nbsp;</p>
<p align=center style='text-align:center'>Page 19</p>







<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>







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-----END PRIVACY-ENHANCED MESSAGE-----
