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Technology Stocks : TII INDUSTRIES -- Ignore unavailable to you. Want to Upgrade?

To: RRICH4 who wrote (42)	6/29/1998 5:06:00 PM
From: Bobb	Read Replies (1) \| Respond to of 62

Company press release out for a change: Monday June 29, 9:33 am Eastern Time Company Press Release Mergers of Telephone and Cable Giants Put Tiny Company in Powerful Position COPIAGUE, N.Y.--(BUSINESS WIRE)--June 29, 1998--Communications mega-mergers such as AT&T/TCI and MCI/WorldCom are creating a huge opportunity for a small, but leading, supplier of lightning surge protection equipment, TII Industries Inc. (NASDAQ NMS:TIII - news). As giant companies rush to use coaxial cable networks to bring telephony and broadband services directly into millions of homes in the United States, they are mandated by the National Electric Code to install lightning surge protectors at customers' premises, to shield people from injury and equipment from damage caused by surges from lightning strikes and switching transients. TII owns patents for products that are critical to this mandate. Its proprietary technologies make these products superior to others. TII's patented in-line coaxial surge protector, which is listed by Underwriter's Laboratories(a) and exceeds Bellcore's stringent requirements(b) allows higher data integrity and video picture quality than any other device on the market, because of its impedance-matched design. ''This is a breakthrough for TII, and for consumers. Here is an opportunity to extend true lightning surge protection to cable homes, amounting to nearly one third of all the households in America,'' says Alfred J. Roach, founder and chairman of TII. ''Lightning protection has long been required for telephone lines, and TII has thirty-five years of experience providing lightning surge protection for telephone companies. Now we offer consumers a new, superior lightning safeguard for interactive broadband services.'' Roach adds, ''This is a major leap forward for TII in our new strategy to offer consumers total lightning protection, including converting their AC protectors into lightning protectors. With over 90 million lightning strikes a year in the United States, consumers are at great risk while they are on the Internet, telecommuting, working in home offices or participating in interactive video entertainment. They can be fatally injured or all of their expensive equipment can be destroyed.'' TII is ramping up production at four locations to increase its capacity to manufacture coaxial surge protectors, in order to meet anticipated demand. With facilities in New York, North Carolina, Puerto Rico and the Dominican Republic, TII is a leading supplier of surge protection, network interface, fiber optic and station electronics products for communications industries. (a) Underwriters Laboratories, UL 497C (b) Bellcore generic equipment for surge protection on coaxial lines at the customer's premise, GR-2908-CORE Statements in this release that are not strictly historical are ''forward-looking'' statements which should be considered as subject to the many risks and uncertainties that exist in the company's operations and business environment. These risks and uncertainties include economic conditions, market demand and pricing, competitive and cost factors as well as other factors from time to time discussed in TII's SEC reports. Visit our World Wide Web site located at tii-industries.com