Valley Forge Scientific to Announce Second Quarter Revenue and Earnings Tuesday, May 11, 2004 OAKS, Pa., May 4 /PRNewswire-FirstCall/ -- Valley Forge Scientific announced today that it will host a conference call on Tuesday, May 11, 2004 at 10:30 a.m. ET to discuss revenue and earnings for the fiscal second quarter ending March 31, 2004. The toll free dial-in number to listen and participate live on this call is (877) 356-9134, confirmation code 7292412. For callers outside the U.S., the number is (706) 643-3775. An audiotape replay will be available approximately two hours following the conclusion of the call through Tuesday, May 25, 2004 and can be accessed by dialing toll free (800) 642-1687, confirmation code 7292412. Callers outside the U.S. can access this recording at (706) 645-9291. Valley Forge Scientific, a developer and manufacturer of medical device products for hospital and healthcare markets worldwide, has established itself as a leading developer and manufacturer of bipolar electrosurgical systems and related instrumentation. Based on its patented DualWave(TM) technology, these systems provide surgeons with the ability to safely cut and coagulate tissue in the most critical areas of the brain and spinal cord. THE "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. All statements in this press release that are not historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act as amended, including statements regarding Valley Forge's projections of future sales, demand for its products and its continued commitment to build shareholder value through progress in commercializing its technology. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, but not limited to, uncertainties relating to technologies, product development, manufacturing, market acceptance, market conditions, cost and price of Valley Forge products, dependence on distributors of products, regulatory approvals, competition, intellectual property of others, and patent protection and litigation. These and other factors are discussed in the Company's Form 10-K for the year ended September 30, 2003 filed with the Securities and Exchange Commission and other filings. Valley Forge expressly disclaims any obligation or undertaking to release publicly any updates or revisions to forward-looking statements contained herein to reflect any change in Valley Forge's expectations with regard thereto or any change in events, conditions, or circumstances on which any such statements are based. FROM: COMPANY CONTACT: E-MAIL: Todd Forte Jerry Malis PHONE: (610) 666-7500 Sr. Vice President CEO and President FAX: (610) 666-7565 MCS 136 Green Tree Rd., Ste. 100 NASDAQ: VLFG (800) 477-9626 P.O. Box 1179 BSE: VLF Oaks, PA 19456 DATASOURCE: Valley Forge Scientific CONTACT: Todd Forte, Sr. Vice President of MCS, 1-800-477-9626, for Valley Forge Scientific Corp.; or Jerry Malis, CEO of Valley Forge Scientific Corp., +1-610-666-7500, or fax, +1-610-666-7565, Web site: http://www.vlfg.com/

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