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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: RCJIII who wrote (22662)	6/1/1998 1:10:00 PM
From: Mr.Manners	Read Replies (1) \| Respond to of 34592

I'm new to TVSI. How soon are you reasonably expecting the news? And do you have an expectation as to what it will do to the price?

To: RCJIII who wrote (22662)	6/1/1998 1:15:00 PM
From: Zakattack	Read Replies (1) \| Respond to of 34592

Great play <IMO>... Especially the warrants! PENC/PENCW... PENC - Float is just 1.5M shares! SALT LAKE CITY, Utah--(BUSINESS WIRE)--May 19, 1998--Pen Interconnect, Inc. (NASDAQ:PENC; PENCW), announced today that its PowerStream Division has received the first in a series of scheduled quantity releases from L-3 Communications (NYSE:LLL - news) for PowerStream's proprietary Uninterruptable Power Supply (UPS) product. This $500,000 order for UPS units is part of Pen's earlier announced $12 million Letter of Intent from L-3 Communications for their fixed wireless access system contract in Eastern Europe. An initial shipment of 2,500 units was made in the first quarter to satisfy L-3's beta test system requirements. This new release is for more than 11,000 units to be shipped over an estimated 4 month period beginning in August of this year. New releases are expected that could significantly increase monthly volumes, as the installation of fixed wireless access systems increase for L-3 Communications and its customers. James Pendleton, CEO of Pen Interconnect, stated, ''We are pleased to have the L-3 Communications product commence shipment and are very optimistic for the second half of 1998. We are still projecting strong corporate earnings for 1998 as our customers that had previously delayed their shipment dates are now starting to increase their releases like L-3.'' L-3 Communications L-3 Communications (a spin-off of Lockheed Martin) is an independent supplier of secure communications systems, communications products and support services to aerospace prime contractors and other commercial customers, as well as to the US military and federal agencies. Pen Interconnect, Inc. Headquartered in Salt Lake City, with divisions in Tustin, Calif., and Orem, Utah, Pen Interconnect is a total interconnection solution provider, offering internal and external custom cable and harness interconnections, custom and proprietary power supplies, UPS and battery chargers, mobile satellite equipment and EMSI (electronic manufacturing service industry) manufacturing and finished products for OEMs in the computer, peripherals, telecommunications, instrumentation, medical and testing equipment industries. For financial data on the Company, please visit its web site at virtualir.com or product data at pen-interconnect.com. The statements contained in this news release that are not purely historical are forward-looking statements that may involve risks and uncertainties. The company's actual results may differ significantly from the results contained in the forward-looking statements. Factors that might cause such differences include, but are not limited to, the effect of losses and other factors on the company's credit facilities, business and results of operations; the company's limited capital resources and its ability to fulfill its existing obligations and ongoing capital needs; risks associated with excess or obsolete inventory; the potential impairment of assets; the company's dependence on key customers and their financial viability; the impact of competition; and the company's abilities to effectively manage growth. These and other risk factors are discussed in the company's filing on Forms 8-K, 10-Q and 10-K. -------------------------------------------------------------------------------- Contact: Network Investor Communications Inc. Bob Deller or Justin Guidi 9645 Gateway Drive, Suite B Reno, Nevada 89511 www.networkinvestor.com info@networkinvestor.com or Pen Interconnect, Inc. Stephen J. Fryer, 714/247-2285 sfyer@incirt.com