To: Manx who wrote (3126 ) 3/15/2000 10:24:00 AM From: Manx Read Replies (1) | Respond to of 5853
Wednesday March 15, 6:30 am Eastern Time Company Press Release Meade Instruments Corp. Enters Into OEM Agreement IRVINE, Calif.--(BUSINESS WIRE)--March 15, 2000--Meade Instruments Corp. (Nasdaq:MEAD - news) today announced that TeraBeam Corp. has engaged Meade as an OEM manufacturer of optical components and related products for use in TeraBeam's networks. TeraBeam is an emerging service provider for gigabit IP connectivity in metropolitan areas. Founded in 1997, TeraBeam is a privately held company based in Seattle. Meade is a leading designer and manufacturer of optical products including telescopes and accessories for the beginning to serious amateur astronomer. Meade also offers a complete line of binoculars for the casual observer to the serious sporting or birding observer. The company distributes its products worldwide through a network of specialty retailers, mass merchandisers and foreign distributors. Additional information on Meade is available at www.meade.com. ``Safe Harbor' Statement under the Private Securities Litigation Reform Act of 1995: The matters discussed in this news release may contain comments and forward-looking statements based on current plans, exceptions, events and financial and industry trends that may affect the company's future operating results and financial position. Such statements involve risks and uncertainties that cannot be predicted or quantified and which may cause future activities and results of operations to differ materially from those discussed above. For additional information, refer to the company's filings with the Securities and Exchange Commission. Contact: Meade Instruments Corp. Brent W. Christensen, 949/451-1450 or Silverman Heller Associates Philip Bourdillon/Eugene Heller, 310/208-2550