PhotoMedex Ranked 22nd in Deloitte's Technology Fast 50 Program for Greater Philadelphia

• Press Release
• Source: PhotoMedex, Inc.
• On 9:00 am EDT, Monday October 26, 2009

MONTGOMERYVILLE, Pa.--(BUSINESS WIRE)--PhotoMedex (Nasdaq:PHMD - News) has ranked number 22 on the 2009 Greater Philadelphia Fast 50, Deloitte’s ranking of the 50 fastest growing technology, life sciences and cleantech companies in the area. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004 – 2008.

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Symbol	Price	Change
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Dennis McGrath, PhotoMedex’s CEO said, “I am very pleased to note that PhotoMedex has once again placed in the prestigious Greater Philadelphia Fast 50 program. This ongoing achievement is indicative of the determination and drive embodied by the staff and Board of Directors of the Company. We are committed to the Science of Skin Health in both photoaging and disease management and are constantly striving to bring novel solutions to unmet patient needs. This level of energy and dedication drives revenues, forges relationships, delivers on promises and improves the bottom line for both our company and our clients. Most importantly, we attribute our success to the deeply rooted partnerships we’ve molded with worldwide physician practices that have adopted our best-in-class technologies, which have been conceived by some of the most creative luminary minds in dermatological medicine. In short, I view this achievement as a collective effort, and it is my great pleasure to take this opportunity to express my gratitude.”

“With its impressive 96% five-year growth, PhotoMedex has earned its position among the fastest growing technology, life sciences and clean technology companies in the Greater Philadelphia region,” said Michael Purcell, partner, Deloitte & Touche LLP. “Deloitte is proud to honor PhotoMedex for its achievement.”

To qualify for the Technology Fast 50, companies must have base-year operating revenues of at least $50,000, and current-year operating revenues of at least $5 million. Additionally, companies must be in business for a minimum of five years, and be headquartered in the Greater Philadelphia Region. Eligibility requirements also stipulate that the Company own proprietary technology or proprietary intellectual property that contributes to a significant portion of the company’s operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies’ technology or intellectual property in a unique way does not qualify.

About PhotoMedex

PhotoMedex develops proprietary excimer laser and fiber optic systems and techniques directed toward dermatological applications, with FDA 510(k) clearances to market the XTRAC^® laser system for the treatment of psoriasis, vitiligo, atopic dermatitis and leukoderma. The Company is a leader in the development, manufacturing and marketing of medical laser products and services. PhotoMedex also develops and markets products based on DNA Repair and its patented, clinically proven Copper Peptide technology for skin health, hair care and wound care. PhotoMedex sells directly to dermatologists, plastic and cosmetic surgeons, and salons. ProCyte brands include Neova^®, Ti-Silc^®, VitalCopper^®, Simple Solutions^® and AquaSanté^®.

In addition, as a result of the recent merger with PhotoTherapeutics, PhotoMedex now researches, develops and manufactures non-laser light devices for the treatment of clinical and aesthetic dermatological conditions and adds the Omnilux™ products to its portfolio. The Omnilux products incorporate a new technology based on narrowband Light Emitting Diodes (LEDs) to treat a wide range of dermatological conditions including acne, photodamage, and skin rejuvenation.

About Deloitte:

“Deloitte” is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, and tax services to selected clients. These firms are members of Deloitte Touche Tohmatsu (DTT), a Swiss Verein. Each member firm provides services in a particular geographic area and is subject to the laws and professional regulations of the particular country or countries in which it operates. DTT helps coordinate the activities of the member firms but does not itself provide services to clients. DTT and the member firms are separate and distinct legal entities, which cannot obligate the other entities. DTT and each DTT member firm are only liable for their own acts or omissions, and not those of each other. Each of the member firms operates under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu,” or other related names. Each DTT member firm is structured differently in accordance with national laws, regulations, customary practice, and other factors, and may secure the provision of professional services in their territories through subsidiaries, affiliates and/or other entities.

Company Contact:
PhotoMedex, Inc.
Dennis McGrath, CEO, 215-619-3287
info@photomedex.com
or
Investor Contacts:
Lippert/Heilshorn & Associates, Inc.
Kim Sutton Golodetz, 212-838-3777
Kgolodetz@lhai.com
or
Bruce Voss, 310-691-7100
Bvoss@lhai.com