HOPE THEY SELL THE COMPANY :))
Wireless Telecom GroupINC.
E. 64 Midland Avenue Paramus, NJ 07652
Tel. (201) 261-8797 Fax (201) 261-8339
WTT RETAINS GENESIS MERCHANT GROUP SECURITIES AS FINANCIAL ADVISOR
NEWS RELEASE
Contact: Ron Dietrich
(201) 261-8797
For Immediate Release
Wednesday, June 10, 1998
Paramus, New Jersey - Wireless Telecom Group, Inc. (AMEX Symbol: WTT) announced today that it has retained Genesis Merchant Group Securities as its financial advisor.
"This relationship is one of the key elements in our growth strategy as described at our recent shareholders meeting. We expect that Genesis Merchant Group will be a tremendous asset to the Company and its shareholders. They bring not only investment banking and advisory capability, but also research and brokerage services, all of which the Company can utilize. We believe their enthusiastic support will provide the Company with good sponsorship in the financial markets", stated Ron Dietrich, President.
In addition, the management of the WTT would like to thank Dominick Scaringella, who recently retired from the Board of Directors, for his many years of devoted service to the Company.
Other strategic elements outlined in the shareholders meeting were:
* Continued Organizational and Product Development
* Broadening the Board of Directors
* Expansion into Larger Product Markets
Highlights of the slide show presentation given to shareholders are located in the Investor Relations section of the Company's web-site at noisecom.com.
Genesis Merchant Group Securities is a San Francisco and New York based full service investment bank which focuses on growth industries. Earlier this year, Genesis announced its merger with JW Charles Financial Services, Inc. (AMEX Symbol: JWC), combining Genesis's institutional sales, trading, research and corporate finance expertise with JW Charles' retail sales network of more than 600 brokers in approximately 100 offices nationwide.
Wireless Telecom Group, Inc. is a global provider of test equipment for wireless telecommunications.
Except for historical information, the matters discussed in this news release may be considered ''forward-looking'' statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include declarations regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results. Such risks and uncertainties are identified in the Company's reports and registration statements filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 1997 and Forms 10-Q. |
