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Microcap & Penny Stocks : AM Communications < AMCM > a BROADBAND Leader in its field! -- Ignore unavailable to you. Want to Upgrade?

To: Old Stock Collector who wrote (39)	10/29/2002 8:46:53 PM
From: Old Stock Collector	Read Replies (1) \| Respond to of 41

AM Communications Awarded National Engineering Contract Tuesday October 29, 9:46 am ET QUAKERTOWN, Pa., Oct. 29 /PRNewswire-FirstCall/ -- AM Communications, Inc. (OTC Bulletin Board: AMCM - News) announced today that its wholly-owned subsidiary, AM Broadband Services, Inc., has been awarded engineering and field services agreements with one of the leading cable television multiple system operators (MSO) for nationwide design map digitization and conversion services. Anticipated revenues for these agreements will be in excess of $12 million over the next 24 months. Commenting on the new contracts, Javad K. Hassan, Chairman and CEO of AM, said, "Through the integration of the companies recently acquired by AM with our existing Broadband Services business unit, we are now being recognized as a leading network engineering and design firm. These contracts were awarded in a highly competitive environment where specialized skills are required to complete this type of work. This latest award clearly indicates that our "software-powered services" strategy is providing AM Broadband Services, Inc. with a unique competitive edge that is winning large contracts and expanding our market share. We are extremely pleased that our core business units are synergistically complementing each other, and in the coming months we plan to focus on the many organic growth opportunities that are now available to us." Scott Lochhead, Sr. Vice President of Operations and Engineering for AM Broadband Services, Inc., added, "We believe that this latest contract award is a clear indication that we are on track to become the industry's leading provider in this services segment. Our strength in electronic mapping and network design, combined with the executive management talent recently acquired from Nex-Link Communications, are a combination that is unmatched in the cable television industry. I am proud to be part of the senior management team." AM Communications, Inc., located in Quakertown, Pennsylvania, is a leading supplier of software-driven network reliability solutions for HFC broadband network enterprises. AM's advanced systems and service offerings employ leading-edge technologies that are combined with the company's nearly 30 years of HFC experience and expertise. Through its wholly owned subsidiary, AM Broadband Services, Inc., AM provides technical services and solutions that are software-optimized for the telecommunications industry. Services include design, infrastructure development, system activation and certification, network reliability and residential "last mile" fulfillment services. AM and its strategic partners maintain world-class quality credentials, including ISO9001 for engineering, business and operations procedures and CMM Level 5 for software development. This news release contains forward-looking statements; within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding the Company's financial performance and results of operations. Actual results may differ materially from those projected in such forward-looking statements due to various factors, including: competitive factors, technological developments, customer acceptance of the Company's products and services, general economic conditions, and market demand. Further information regarding these and other risks of the Company and its business can be found in the Company's filings with the Securities and Exchange Commission (SEC) including the Company's Reports on Forms 10-KSB and Forms 10-QSB. These documents are available at the SEC website: www.sec.gov. Media Contact: Christine Mascaro Phone: 215-538-8729 Fax: 215-538-8779 cmascaro@amcomm.com