<SEC-DOCUMENT>0001193125-11-145317.txt : 20110720
<SEC-HEADER>0001193125-11-145317.hdr.sgml : 20110720
<ACCEPTANCE-DATETIME>20110519155219
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-11-145317
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20110519

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRO DEX INC
		CENTRAL INDEX KEY:			0000788920
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		IRS NUMBER:				841261240
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		2361 MCGAW AVENUE
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92614
		BUSINESS PHONE:		949-769-3200

	MAIL ADDRESS:	
		STREET 1:		2361 MCGAW AVENUE
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92614
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
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<HTML><HEAD>
<TITLE>Response Letter</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">May 19, 2011 </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>VIA FEDEX OVERNIGHT, FACSIMILE AND </U></B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>EDGAR CORRESPONDENCE </U></B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mr.&nbsp;Martin James </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Senior Assistant Chief
Accountant </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Division of Corporation Finance </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Securities and Exchange Commission </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mail Stop 3030 </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">100 F Street, N.E. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Washington, D.C. 20549
</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Re:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pro-Dex, Inc.</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Form 10-K for the fiscal year ended June 30, 2010</FONT></TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Forms 10-Q for the quarterly periods ended September 30 and December 31, 2010</FONT></TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">File No. 000-14942</FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Dear Mr.&nbsp;James: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">This letter responds to the comments of your letter dated May&nbsp;11, 2011 (the &#147;May 2011 Comment Letter&#148;) relating to
Pro-Dex, Inc. (the &#147;Company&#148;), a copy of which is enclosed for your convenience. We have reproduced below in bold font each of your comments set forth in the May 2011 Comment Letter, together with the Company&#146;s responses in regular
font immediately following each reproduced comment. The Company&#146;s responses in this letter correspond to the numbers you placed adjacent to your comments in the May 2011 Comment Letter. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Concurrently with the filing of this letter, the Company will file an amendment to its Amendment No.&nbsp;1 to Form 10-K for the year
ended June&nbsp;30, 2010 and Amendment No.&nbsp;1 to its Forms 10-Q for the quarters ended September&nbsp;30 and December&nbsp;31, 2010. We have enclosed clean and marked to-show-changes copies of the amended sections to these Form 10-K and Forms
10-Q, which contain revisions that are directly in response to your comments. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Amendment No.&nbsp;1 to Form 10-K for the Fiscal Year
Ended June&nbsp;30, 2010, Amendment No.&nbsp;1 to Forms 10-Q for the Quarterly Periods Ended September&nbsp;30 and December&nbsp;31, 2010 </U></B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>1.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Please note that amendments filed pursuant to Rule 12B-15 must set forth the complete text of each item as amended and not just the amended portions. For example, if
you amend Item&nbsp;7, Management&#146;s Discussion and Analysis of Financial Condition and Result of Operations, then you should include the complete text of that item. Please amend your Form 10-K and Forms 10-Q to comply.
</B></FONT></TD></TR></TABLE> <P STYLE="font-size:60px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="font-size:60px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="font-size:60px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="font-size:60px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:24px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">2361 McGaw Avenue, Irvine, CA 92614<B>&nbsp;&nbsp;Tel:</B>
949-769-3200&nbsp;&nbsp;<B>Toll Free:</B> 800-562-6204&nbsp;&nbsp;<B>Fax:</B> 949-769-3281&nbsp;&nbsp;<B>www.pro-dex.com</B> </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Company Response </U></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company has amended its Amendment No.&nbsp;1 to its Form 10-K for the year ended June&nbsp;30, 2010 and Amendment No.&nbsp;1 to its
Forms 10-Q for the quarterly periods ended September&nbsp;30 and December&nbsp;31, 2010 to include the complete text of Items that were initially amended in our May 6, 2011 response to your Comment Letter of April&nbsp;14, 2011 (the &#147;April 2011
Comment Letter&#148;). </FONT></P> <P STYLE="margin-top:8px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In complying with Comment No.&nbsp;1 of your May 2011 Comment Letter as described above, the Company
has included in the amendment to its June&nbsp;30, 2010 Annual Report on Form 10-K its complete financial statements as they appeared in the Company&#146;s initial filing of such Form 10-K. The inclusion of these financial statements made active
Comment No.&nbsp;4 of your April 2011 Comment Letter, which states: </FONT></P> <P STYLE="margin-top:8px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;In future filings, including any
amendments, please show the aggregate amount of goodwill impairment losses as a </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">separate line item in the
statements of operations consistent with ASC 350-20-45-2.&#148; </FONT></P> <P STYLE="margin-top:8px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Statement of Operations for the year ended June&nbsp;30,
2010 in the aforementioned Form 10-K contained an item captioned &#147;Impairment of intangible assets,&#148; in which were included the aggregate charges for impairment of goodwill and patent. Accordingly, in its current amendment, the Company has
segregated the impairment for goodwill from the impairment of patent in the Statement of Operations, in conformity with ASC 350-20-45-2. </FONT></P> <P STYLE="margin-top:8px;margin-bottom:0px; margin-left:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">In addition, in response to Comment No. 7 of your April 2011 Comment Letter, the Company has expanded Note 2 of Notes to Consolidated Financial Statements in the current amendment to its June 30, 2010
Annual Report on Form 10-K to disclose its accounting policy for research and development costs, which policy is to charge such costs to expense as they are incurred. </FONT></P> <P STYLE="font-size:8px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>2.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>We note that you are required to amend your Form 10-K to correct Item&nbsp;8, Financial Statements and Supplementary Data and your Forms 10-Q to correct Item&nbsp;1,
Financial Statements. As such, please include the certifications required by Item&nbsp;601(B)(32) of Regulation S-K in your amendments. Refer to Rule 12B-15 and Rule 13a-14(b) or 15d-14(b) which requires that each periodic report containing
financial statements filed by an issuer pursuant to Section&nbsp;13(a) of the Act must be accompanied by the certifications. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:8px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><U>Company Response </U></FONT></P> <P STYLE="margin-top:8px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company has included the certifications required by
Item&nbsp;601(B)(32) of Regulation S-K in its amendment to Form 10-K. As documented in confirming correspondence with Staff on May 12, 2011 (attached hereto for your reference as Exhibit 1), it was agreed that we have not been requested to amend
Item&nbsp;1 of either of the Forms 10-Q referred to above. Accordingly, it was agreed that the certification otherwise required by Rule 12B-15 and Rule 13a-14(b) or 15d-14(b) is not required in this response with respect to those Forms 10-Q.
</FONT></P> <P STYLE="margin-top:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">* * * * </FONT></P> <P STYLE="margin-top:8px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">We trust that the foregoing is responsive to the comments contained in your letter dated May&nbsp;10, 2011. If you have any questions, please contact me at (949)&nbsp;769-3250, or our general counsel, Tom
Crane, at 714-641-3464. </FONT></P> <P STYLE="margin-top:8px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company hereby acknowledges that: </FONT></P> <P STYLE="font-size:8px;margin-top:0px;margin-bottom:0px">&nbsp;</P>

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<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the Company is responsible for the adequacy and accuracy of the disclosure in the filing; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:8px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the
filing; and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:8px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the Company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of
the United States. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:8px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Sincerely yours,</FONT></TD></TR>
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<TD HEIGHT="16"></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Harold A. Hurwitz</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Harold A. Hurwitz</FONT></P></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Secretary and Chief Financial Officer</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">(Principal Financial and Accounting Officer)</FONT></TD></TR></TABLE></DIV> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">cc: Kate
Tillan </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Assistant Chief Accountant </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">2361 McGaw Avenue, Irvine, CA 92614<B>&nbsp;&nbsp;Tel:</B> 949-769-3200&nbsp;&nbsp;<B>Toll Free:</B> 800-562-6204&nbsp;&nbsp;<B>Fax:</B>
949-769-3281&nbsp;&nbsp;<B>www.pro-dex.com</B> </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">2 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Exhibit 1 </FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right">

<IMG SRC="g186746g02b63.jpg" ALT="LOGO"> </P>
 <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">May&nbsp;12, 2011 </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Via overnight courier and EDGAR correspondence </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Ms.&nbsp;Kate Tillan </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Assistant Chief
Accountant, A/D #10 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">United States Securities and Exchange Commission </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Division of Corporation Finance </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">100 F Street, N.E. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Washington, D.C. 20549 </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Re:</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Pro-Dex, Inc. &#151; File No.&nbsp;000-14942</U> </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Dear Ms.&nbsp;Tillan: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-right:2%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">This letter confirms receipt of your
letter to Harold A. Hurwitz dated May&nbsp;10, 2011 (the &#147;May 2011 Comment Letter&#148;) in which you requested certain information&nbsp;related to Amendment No.&nbsp;1 to our Form 10-K for the fiscal year ended June&nbsp;30, 2010 and
Amendments No.&nbsp;1 to each of our Forms 10-Q for the quarters ended September&nbsp;30 and December&nbsp;31, 2010. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">This
letter also confirms our conversation of May&nbsp;11, 2011 in which it was agreed that, with respect to Comment No.&nbsp;2 of the May 2011 Comment Letter, we have not been requested to amend Item&nbsp;1 of either of the Forms 10-Q referred to above.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-right:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Also, in our conversation of May 11, 2011 we discussed that the additional text required by Comment No. 1 of
the May 2011 Comment Letter is text presently included in the original filings of the aforementioned Form 10-K and Forms 10-Q. Accordingly, it was agreed that the identification of changes in the amendments accompanying our response to the May 2011
Comment Letter will be those that appeared in the amendments accompanying our May 6, 2011 response to your April 14, 2011 letter. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-right:4%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">We greatly appreciate your time in discussing these matters. Should you have any questions, please contact me at (949)&nbsp;769-3250 to discuss. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Very truly yours,</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Harold A. Hurwitz</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Harold A. Hurwitz</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Secretary and Chief Financial Officer</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(Principal Financial and Accounting Officer)</FONT></P></TD></TR></TABLE></DIV> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">cc:</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Martin James </FONT></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">2361 McGaw Avenue, Irvine, CA 92614&nbsp;&nbsp;<B>Tel:</B> 949-769-3200&nbsp;&nbsp;<B>Toll Free:</B> 800-562-6204&nbsp;&nbsp;<B>Fax:</B>
949-769-3281&nbsp;&nbsp;<B>www.pro-dex.com</B> </FONT></P>
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
