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Technology Stocks : Vari-L (VARL) -- Ignore unavailable to you. Want to Upgrade?

To: Yo Yo who wrote (993)	6/17/1999 2:51:00 PM
From: JakeStraw	Read Replies (1) \| Respond to of 2702

Vari-L Company Selected to Participate in Discovery Expo'99 Thursday, June 24, New York City Hilton and Towers DENVER--(BUSINESS WIRE)--June 17, 1999--Vari-L Company, Inc. (Nasdaq National Market: VARL - news), a leading provider of advanced components for the wireless telecommunications industry, today announced it will be among 80 of the world's fastest-growing companies to participate in Discovery Expo Spring'99 in New York City. Vari-L's senior management team will be present to acquaint more than 1,000 fund mangers, analysts, stock brokers and other sophisticated investors with the Company's outstanding growth potential. The event will be held on Thursday, June 24, 1999, from noon to 8pm at the New York City Hilton and Towers on 6th Avenue and 53rd Street. Vari-L recently reported record results for the first quarter of 1999. Net sales were up 31% to $5.3 million and net income increased 30% to $754,000, or 14 cents per basic and diluted share. Ongoing technical breakthroughs and a significantly expanded manufacturing infrastructure have positioned the Company to compete in growing subscriber wireless markets and continue reporting rapid sales and earnings growth. Dave Sherman, President and CEO, said, ''Our participation in Discovery Expo'99 reflects our commitment to building shareholder value through both steady sales and earnings growth and a focus on conveying our success to the investment community. We are confident that new interest will be generated in Vari-L Company through our efforts at the Expo.'' Interested parties may register to attend Discovery Expo'99 by calling 800-795-8293. Profiles of participating companies are available at w3otc.com. Call Matt Dickerson of Pfeiffer Public Relations (303-393-7044) with questions specifically concerning Vari-L Company. Through its headquarters in Denver, Vari-L designs, manufactures and markets a wide range of radio and microwave frequency signal source and processing components used in the wireless telecommunications industry for both commercial and military applications. Vari-L serves a diverse customer base comprised of some of the world's leading technology companies, including California Microwave, Ericsson, Harris, Hughes, IBM, Lockheed Martin, Lucent Technologies, Mitsubishi, Motorola, NEC, Nokia, Northrop Grumman, Raytheon, Samsung, Siemens, Stanford Telecom and Wireless Access. Some of the statements contained in this news release are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, including but not limited to the success of the products into which the Company's products are integrated, governmental action relating to wireless communications licensing and regulation, internal projections as to the demand for certain types of technological innovation, competitive products and pricing, the success of new product development efforts, the timely release for production and the delivery of products under existing contracts, future economic conditions generally, as well as other factors. ------------------------------------------------------------------------ Contact: For Vari-L Pfeiffer Public Relations Matt Dickerson, 303/393-7044