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To: 2MAR$ who wrote (1346)	9/27/2000 8:04:24 AM
From: Tom Hua	Read Replies (1) \| Respond to of 19633

Good morning Mar, here's the MWAV PR. Looking good. I predict they will report between $0.50 to $0.55 Regards, Tom Wednesday September 27, 7:00 am Eastern Time Press Release SOURCE: M-Wave, Inc. M-Wave Anticipates Significant Increase in Consecutive Quarter 2000 Net Income BENSENVILLE, Ill., Sept. 27 /PRNewswire/ -- M-Wave, Inc. (Nasdaq: MWAV - news), a manufacturer of high performance printed circuit boards used in wireless communications, announced today that it expects third quarter earnings ending September 30, 2000 to exceed second quarter earnings of $758,000 or $.33 per share by approximately 50 percent -- a range between $.45 and $.50 per share. Gross margins will be between 17 and 20 percent and net margins will be between 5 and 8 percent, which is in line with the company's current model. In third quarter 1999, M-Wave posted a net loss of $495,000 or $.22 per share. ``We are on track to have a record setting year,'' said Joseph A. Turek, chairman and chief executive officer. ``We expect our annual sales revenues to increase from $11,305,000 in 1999 to between $40,000,000 to $50,000,000 in 2000. ``We continue to see growth in our patented bonding process, Flexlink II(TM) and our continued concentration in virtual manufacturing has enabled us to achieve our margin and income goals,'' explained Turek. ``This is not a surprise to us, as we have been executing our strategic plan over the past two years.'' The company plans to release third quarter earnings on October 24, 2000 followed by its quarterly conference call on October 25, 2000, that can be heard on www.vcall.com . Established in 1988 and headquartered in the Chicago suburb of Bensenville, Ill., M-Wave is a manufacturer of high performance printed circuits through its wholly owned subsidiary Poly Circuits. The Company's products are used in a variety of telecommunications applications for wireless and Internet communications. M-Wave services customers like Lucent Technologies and Motorola, Inc. with its patented bonding technology, Flexlink II(TM). The Company trades on the Nasdaq SmallCap market under the symbol ``MWAV''. Visit the Company on its web site at www.mwav.com . This news release contains predictions, estimates and other forward- looking statements that involve a number of risks and uncertainties. While this outlook represents our current judgment on the future direction of the business, such risks and uncertainties could cause actual results to differ materially from any future performance suggested above. Factors that could cause actual results to differ include the following: dependence on suppliers and subcontractors for circuit board components; successful award of contracts under bid; a highly competitive environment; design and production delays; cancellation or reductions of contract orders; effective utilization of existing and new manufacturing resources; pricing pressures by key customers; and other factors detailed in the Company's Securities and Exchange Commission filings. For more information on M-Wave via fax, free of charge, dial 1-800-PRO-INFO and enter the ticker ``MWAV''. SOURCE: M-Wave, Inc.