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To: SusieQ who wrote (4729)9/13/1999 12:15:00 PM
From: Spark  Read Replies (1) | Respond to of 5803
 
DTSX - some more good news...
September 13, 1999 09:18

MicroTel's Affiliate Company, Digital Transmission Systems Inc., Reports Fourth Fiscal Quarter Profit
ONTARIO, Calif.--(BUSINESS WIRE)--Sept. 13, 1999--
This is DTS' Second Consecutive Quarterly Profit on a 40% Increase in Revenue Over its Third Fiscal Quarter

MicroTel International Inc. (OTC BB:MCTL) ("MicroTel") announced its 37% owned affiliate company, Digital Transmission Systems Inc. ("DTS") (OTC BB:DTSX), reported its second consecutive quarterly profit since MicroTel acquired its equity position in DTS in January 1999.

DTS' net sales for its fourth quarter of $2.7 million were up 40% from its third quarter of fiscal 1999 and net income for the period was $453,000, or $.10 per share. DTS' operating income was $49,000 before an extraordinary gain of $468,000 (see DTS announcement dated 9/10/99 for additional details).

MicroTel previously reported its 37% share of DTS' fourth- quarter profit in MicroTel's second-quarter results for the period ending June 30, 1999.

Commenting on the DTS operating results, Carmine T. Oliva chairman, president and CEO of MicroTel stated, "We are pleased with the return on our investment in DTS over the past six months and we commend the strong DTS management team which was the foremost factor in MicroTel's decision to partner with DTS.

"MicroTel and DTS are now beginning joint strategic sales, marketing and engineering initiatives under the leadership of Andy Salazar, DTS' chief executive officer, and we expect these efforts to substantially benefit both companies going forward."

MicroTel International is a holding company for its three wholly owned subsidiaries -- CXR Telcom Corp. in Fremont, Calif.; CXR S.A. in Paris; and XIT Corp. in Ontario, Calif.; and its 37% owned affiliate company Digital Transmission Systems Inc., located near Atlanta.

CXR Telcom Corp., CXR S.A. and Digital Transmission Systems Inc. design, manufacture and market electronic telecommunication test instruments, wireless and wireline voice, data and video transmission and networking equipment.

XIT Corp. designs, manufactures and markets information technology products, including input and display components, subsystem assemblies and power supplies. The company operates out of facilities in the United States, France, England and Japan.

The statements in this news release relating to matters that are not historical are forward-looking statements which involve risks and uncertainties including, without limitation, economic and competitive conditions in the markets served by the company affecting the demand for the company's products, product pricing, market acceptance, access to distribution channels and other risks detailed from time to time in the company's Securities and Exchange Commission filings. These risks could cause actual results to differ materially from those anticipated or described herein.

CONTACT: MicroTel International Inc., Ontario
James P. Butler, 909/456-4321
Web site: microtelinternational.com





MICROTEL INTL INC - MCTL
Price 0.21
Net Change 0
Volume (000) 10
Day High 0.21
Day Low 0.21

- DTSX
Price 0.468
Net Change 0
Volume (000) 0
Day High 0
Day Low 0

as of
09/13/99 12:16 PM EDT

Only $9.99 p