To: paul boudreau who wrote (1235 ) 3/17/1999 12:27:00 PM From: Mel Spivak Read Replies (1) | Respond to of 1319
Here's the text: Religious Broadcasting Community Places Additional $800,000 Orders BLUE BELL, Penn.--(BUSINESS WIRE)--March 17, 1999--Acrodyne Communications, Inc. (NASDAQ: ACRO - news), announced today it has received two more Diacrode transmitter orders, valued at approximately $800,000, from the religious broadcasting community demonstrating the total confidence that these broadcasters place in Acrodyne's products, services and technology. Including the order announced earlier this month, valued at $1.5 million, from Sinclair Broadcast Group, Acrodyne has now received a total value of $2.3 million for its Diacrode powered transmitters in the first few weeks of fiscal year 1999. A. Robert Mancuso, President and CEO of Acrodyne, stated, ''We are pleased that this important part of the broadcast industry continues to rely on our products and technology, and these orders, in particular, confirm the increased acceptance of the Diacrode-based transmitters.'' American Christian Television Services, Inc. placed an order for a 40 kW Au40D Diacrode transmitter to be installed at WTLW-TV 44 in Lima, Ohio. A spokesperson from the organization disclosed that one of the main attractions that Acrodyne offered is the scalability of its products that permit direct product interchangeability with the DTV line of products. Installation is scheduled for May. Christian Faith Broadcasters, Inc. also placed an order for a 50 kW Au50D Diacrode transmitter for WLLA-TV 64 in Kalamazoo, MI. The station management stated that the Diacrode technology offered by Acrodyne is clearly the one most suitable to fulfill its requirements. Acrodyne Industries, Inc., the operating subsidiary of Acrodyne Communications, Inc., a public company (ACRO), is an established manufacturer of television broadcast equipment. In business for 30 years, the Company has developed a leading position as a technologically advanced, high quality producer of transmitters used by television stations to broadcast and retransmit their signals. For further information, please visit our website at www.acrodyne.com. This release contains certain forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the Company's control, which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the Company's periodic filings with the Securities and Exchange Commission. Contact: ACRODYNE COMMUNICATIONS, INC. Ellen Rainey, Marketing Manager 215/542-7000 ext. 137; 215/542-7631 fax acrodyne.com or WOLFE AXELROD ASSOCIATES Stephen D. Axelrod, CFA Susan T. Bolen (Media) 212/370-4500; 212/370-4505 fax e-mail: Steve@wolfeaxelrod.com