| Friday January 11, 9:30 am Eastern Time Press Release
 SOURCE: Vari-L Company, Inc.
 Vari-L Company Appoints Robert Dixon to Board of Directors
 DENVER, Jan. 11 /PRNewswire-FirstCall/-- Vari-L Company, Inc. (OTC: VARL - news), a leading provider of advanced components for the wireless telecommunications industry, today announced the appointment of Robert Dixon to the Company's Board of Directors. Dixon is the third outside director to be appointed to the Board since May 2001. With the addition of Dixon, Vari-L's Board is now comprised of seven members, six of whom are outside directors.
 
 Dixon brings to Vari-L more than 46 years of experience as a senior scientist and development engineer with some of the world's leading defense, communications and electronics organizations. He has diverse experience in designing and developing advanced electronic systems and equipment for a variety of applications and is particularly accomplished in the field of spread spectrum communications.
 
 Dixon was a founder and chief scientist of Omnipoint Corporation, a cellular service provider that was recently purchased by VoiceStream. Other assignments have included chief scientist at Hughes Aircraft, senior research engineer at Northrop Corporation, senior staff engineer at Magnavox Research Labs, staff engineer at TRW, and senior staff engineer at Hoffman Electronics. He was also president and founder of Spectrack Systems Inc., division manager of the Spectrack Division of R&D Associates, and chief scientist and founder of Spread Spectrum Sciences Inc. In addition, Dixon has served as a consultant to more than 100 companies and to the U.S. government.
 
 During his career, Dixon contributed to the first solid state spread spectrum system, the first satellite spread spectrum system, the first spread spectrum wireless telephone, and many other ``firsts'' in the wireless communications field. He was technical chairman of the 1977 ITC Conference and has been a frequent lecturer at technical conferences as well as an author of technical papers and three technical books, one of which has been translated into Russian, German, Chinese and Japanese. Additionally, Dixon taught at UCLA and George Washington University and has served as co-editor of a special issue of IEEE Transactions (Institute of Electrical and Electronics Engineers) and on the editorial board of IEEE Proceedings. Dixon is licensed by the Federal Communications Commission, is a Licensed Professional Engineer, and is a Fellow of the IEEE. He currently serves on the Boards of Sunwest, a telephone company in Colorado Springs, and Ditrans Corp., in Irvine, Calif., where he is chairman.
 
 ``Bob Dixon is one of the world's most accomplished and highly respected research scientists specializing in wireless and other forms of electronic communications,'' said Chuck Bland, president and CEO. ``His addition to the Board dramatically strengthens Vari-L's team from a technical standpoint, and we are looking forward to his assistance in evaluating the Company's product and market strategies.''
 
 Headquartered in Denver, Vari-L designs, manufactures and markets wireless communications components that generate or process radio frequency (RF) and microwave frequency signals. Vari-L's patented products are used in commercial infrastructure equipment (including cellular/paging/PCS base stations and repeaters, fixed terminal point to point/multi-point data radios including LMDS/MMDS), consumer subscriber products (advanced cellular/PCS/satellite handsets, web-enabled smart phones, 2-way pagers, wireless PDAs, home networking), and military/aerospace platforms (satellite communications/telemetry, missile guidance, electronic warfare, electronic countermeasures, battlefield communications). Vari-L serves a diverse customer base of the world's leading technology companies, including Adaptive Broadband, Agere, Agilent Technologies, Digital Microwave, Ericsson, Boeing Satellite Systems, Harris, Lockheed Martin, Lucent Technologies, Microwave Data Systems, Mitsubishi, Motorola, NEC, NeoPoint, Netro, Nokia, Novatel Wireless, Raytheon, and Siemens.
 
 Some of the statements we make in this news release are ``forward-looking statements'' as that term is used in the Private Securities Litigation Reform Act of 1995. In most cases, when we use words like ``believe,'' ``expect,'' ``estimate,'' ``anticipate,'' ``project,'' or ``plan'' to describe something which has not yet occurred, we are making a forward-looking statement. Forward-looking statements we make are based on a number of assumptions by us about the future, usually based on current conditions or on the broader expectations of others. These assumptions may or may not prove to be correct and, as a result, our own forward-looking statements may also be inaccurate. On the other hand, based on what we know today and what we expect in the future, we believe that the forward-looking statements we make in this news release are reasonable.
 
 We cannot list here all of the risks and uncertainties that could cause our plans for the future to differ materially from our present expectations but we can identify many of them. For example, we may be affected by the overall market for various types of wireless communications products, the success of the specific products into which our products are integrated, governmental action relating to wireless communications, licensing and regulation and the timeliness and relative success of the resolution of pending and threatened litigation. It is also important to remember that forward-looking statements speak only as of the date when they are made and we do not promise that we will publicly update or revise those statements whenever conditions change or future events occur. Accordingly, we do not recommend that any person seeking to evaluate our company should place undue reliance on any forward-looking statement in this news release.
 
 SOURCE: Vari-L Company, Inc.
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