Exhibit 99.1

Contact:
John Kane
Dynasil Corporation of America
Phone: (856) 767-4600
Email:  jkane@Dynasil.com

                  Dynasil Announces New CEO

WEST BERLIN, N.J.- September 23, 2004 - Dynasil Corporation
of America (OTCBB: DYSL), fabricator of optical blanks from
synthetic fused silica, fused quartz, and other optical
materials for the semi-conductor, laser, space and optical
components industries announced today that Mr. Craig T.
Dunham has accepted the position of President and CEO,
effective October 1, 2004.

Mr. Dunham recently served as Vice President/ General
Manager for a division of Kimble Glass. Previously, he held
a broad range of leadership positions during 20 years at
Corning Incorporated in the glass, ceramics, and photonics
industries.  In addition to his strong educational
background with a B.S. Engineering and MBA from Cornell
University, he brings extensive business leadership
experience including acquisitions and integration.

In addition to assuming the position of President and CEO,
Mr. Dunham will also acquire 1,000,000 shares of Dynasil
Corporation of America common shares in a private equity
placement with the Company and received a warrant to
purchase up to an additional 1,200,000 shares.

The current President and CEO, John Kane, has committed to
work closely with Mr. Dunham over the next two months to
facilitate a smooth transition.

About Dynasil: Founded in 1960, Dynasil Corporation of
America is a fabricator of optical blanks from synthetic
fused silica, fused quartz and other optical materials. For
over four decades, Dynasil has provided high quality
synthetic fused silica and fused quartz products to
customers for a wide and ever increasing range of
applications.

This news release may contain forward-looking statements
usually containing the words "believe," "expect," or similar
expressions.  These statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation
Reform Act.  Future results of operations, projections, and
expectations, which may relate to this release, involve
certain risks and uncertainties that could cause actual
results to differ materially from the forward-looking
statements.  Factors that would cause or contribute to such
differences include, but are not limited to, the factors
detailed in the Company's Annual Report or Form 10-KSB and
in the Company's other Securities and Exchange Commission
filings, continuation of existing market conditions and
demand for our products.