To: Irish who wrote (13409 ) 9/5/2001 8:08:31 PM From: Tom Hua Respond to of 19633 Wednesday September 5, 6:54 pm Eastern Time Press Release SOURCE: M~Wave, Inc.Digital Concepts Signs $10 Million Contract With M~Wave; Virtual Manufacturing Critical in Closing Deal BENSENVILLE, Ill., Sept. 5 /PRNewswire/ -- M~Wave, Inc. (Nasdaq: MWAV - news), a value-added service provider of high performance circuit boards used in a variety of digital and high frequency applications, announced today that Digital Concepts of Missouri has agreed to purchase approximately $10 million of printed circuit boards over the next three years, utilizing M~Wave's Virtual Manufacturing Concept. Digital Concepts is a world leader in exercise and spa equipment electronics. ``M~Wave's Virtual Manufacturing program gives us the competitive edge in our marketplace,'' said Paul Decker, president of Digital Concepts. ``We believe we will realize a 20% savings over our previous suppliers of printed circuits. In a down economy, M~Wave's program comes at the right time.'' Joseph A. Turek, M~Wave's chairman and chief executive officer, said, ``Virtual Manufacturing was the key to the deal. When we sit down with companies and explain the concept and the potential savings, Virtual Manufacturing almost sells itself.'' Virtual Manufacturing contractually manages all the printed circuit needs of a customer by taking the mystery out of the procurement process. M~Wave utilizes a global base of suppliers that allows its customers to benefit from lower worldwide manufacturing prices. The company delivers products when the customer needs them through either consignment inventory control or Just-In- Time programs. ``We have a well-developed quality control process and so we are able to back our quality with a money-back guarantee for boards and components,'' added Turek. ``To our knowledge, no other Company offers the price, delivery, and quality benefits of our Virtual Manufacturing program.'' M~Wave also announced today that it has completed the repurchase of 47,000 shares of its common stock. The Board of Directors has authorized the repurchase of 300,000 shares of M~Wave common stock. About M~Wave: Established in 1988 and headquartered in the Chicago suburb of Bensenville, Ill., M~Wave is a value-added service provider of high performance circuit boards. 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 National Market under the symbol ``MWAV''. Visit the Company on its web site at www.mwav.com .