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To: Irish who wrote (13409)9/5/2001 2:12:32 PM
From: Tom Hua  Respond to of 19633
 
Nice entry Irish. I am confident you'll be richly rewarded as long as you treat it as an investment, not a trading issue.

Regards,

Tom



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 .