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To: Catfish who wrote (2622)9/30/2002 2:56:20 PM
From: GARY P GROBBEL  Read Replies (1) | Respond to of 3054
 
ODETA....Nasdaq .97..... addition to PR out post close Fri ref this qtr's revenue to be 4-8% higher than last year plus an add'l $3.5m that replaced rev lost due to sale of subs...means rev up taking away discontinued up about 30% year over year.......ROTH CAPITAL started ODETA coverage today with a BUY.........



To: Catfish who wrote (2622)10/1/2002 8:38:38 AM
From: Catfish  Respond to of 3054
 
NOIZ - Another nice PR.

Micronetics Defense Group Receives New Orders
Tuesday October 1, 8:32 am ET

HUDSON, N.H.--(BUSINESS WIRE)--Oct. 1, 2002--Micronetics Wireless, Inc. (Nasdaq/NOIZ) today announced it received another production release of integrated subassemblies used in an advanced antenna array and a new order for integrated assemblies used in the receiver on the TPS 70 air defense surveillance program. It also announced receipt of a reorder for single function microwave switches used in the APG-77 radar program.
David Robbins, Sr. Vice President of the Defense Electronics Group, stated, "Our ability to quickly develop and deliver these integrated solutions were key factors in our winning these orders. Also, as we get repeat orders on these production releases, it enables us to increase our efficiencies and margins. The reorder of the microwave switch on the APG-77 radar program, reaffirms our position on this important program."

Micronetics, operating through its Test Solutions and VCO Products Groups, manufactures and designs test equipment and components that test the strength, durability and integrity of communication signals in communications equipment. Operating through its Defense Electronics Group, Micronetics manufactures microwave and radio frequency (RF) components and integrated subassemblies used in a variety of defense, aerospace and commercial applications. Micronetics serves a diverse customer base, including Aerosat, Alcatel, BAE Systems, Boeing, EADS, Ericsson, L-3 Communications, Lockheed Martin, Motorola, NEC, Northrop Grumman, Raytheon, Southwest Research, Teradyne, Tektronix and Thales. Micronetics also operates through its wholly-owned subsidiaries, Microwave & Video Systems, Inc. and Enon Microwave, Inc.

Some of the statements contained in this news release are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, including but not limited to the success of the products into which the Company's products are integrated, internal projections as to the demand for certain types of equipment, competitive products and pricing, the success of new product development efforts, the timely release for production and the delivery of products under existing contracts, access to financial resources, future economic conditions generally, as well as other factors. The information in this release should be reviewed in conjunction with Micronetics' Annual Report for its fiscal year ended March 31, 2002.