I have been watching NOIZ for years now and vowed not to step back in until I saw real growth...it is evident to me now that the ceo is focused on growing revenue and net inc...I think it's time to take a good look at NOIZ again. They seem to be on a faster track...finally.
Trading at 1 5/16 by 1 7/16 on nasdaq.
gpg
Micronetics Acquires Voltage Controlled Oscillator
Line From Delcom
HUDSON, N.H.--(BUSINESS WIRE)--Aug. 30, 1999--Micronetics Wireless, Inc. (NASDAQ/NOIZ) announced today
that it acquired the business and business assets of Delitta Communications, Inc. d/b/a Delcom, Inc. of Salem, New Hampshire
(''Delcom'') relating to voltage controlled oscillators (''VCOs''). VCOs manufactured and marketed by Delcom were
principally used in wireless communication systems or test equipment.
In making the announcement, Richard S. Kalin, President of Micronetics, stated: ''The acquisition of Delcom signifies
Micronetics' strong commitment to expand its line of VCOs. We are especially pleased to announce that Mr. Stuart Bernstein,
a founder of Delcom with over four years experience marketing VCOs, will join Micronetics as Manager of VCO Sales''.
Stu Bernstein added ''I believe by joining forces Delcom and Micronetics will be better able to offer its customers high quality
VCOs, from prototypes to full production runs. The combination will also enable us to deliver quality technical assistance to
ensure delivery of top-performing VCOs. Whether customers are searching for high volume, low cost VCOs, or a specialized
VCO, with the combined resources of Delcom and Micronetics, we will be better able to provide it.''
Based in Hudson, NH, Micronetics Wireless designs, manufactures and markets a noise-based test equipment and components
used in the design, testing and manufacturing of cellular, PCS, wireless local loop and satellite equipment through its
Micronetics/Equipment group, and manufactures microwave components and subassemblies primarily used in radar, electronic
intelligence, wireless communication and electronic simulation applications through its Micronetics/Components group.
Micronetics acquired Microwave & Video Systems, Inc. Of Danbury, CT and Vectronics Microwave Corporation of
Middlesex, NJ earlier this year.
Statements in this press release contain forward-looking material. Actual results may vary due to a number of risks and
uncertainties and should be viewed in conjunction with Micronetics Annual Report for its fiscal year ended March 31, 1999.
Contact:
Richard S. Kalin, 212/239-8900 Ext. 22
E-mail: rkalin@micronetics.com
or
Stuart Bernstein, 603/883-2900 Ext. 316
E-mail: sbernstein@micronetics.com
(COMTEX) B: Micronetics = Q1 Revenues Grow 27.5%
Micronetics Appoints Former Alpha Industries
Executive, Ralph Marrone, to Lead Its
Micronetics/Equipment Group
HUDSON, NH--(BUSINESS WIRE)--August 24, 1999--Micronetics Wireless, Inc. (Nasdaq/NOIZ) announced today that
Ralph Marrone has been hired as Vice President to lead its Micronetics/Equipment Product Group. In this position, Mr.
Marrone will be responsible for general management of Micronetics' noise components and test equipment product lines.
Prior to joining Micronetics, Mr. Marrone was Director of Strategic Marketing at Alpha Industries, Inc. (NASDAQ:AHAA -
news) of Woburn, MA. He was part of the management team that assisted in transforming Alpha Industries into a leading
component supplier to the wireless communications marketplace. Prior to Alpha Industries, Mr. Marrone spent 16 years in
technical sales and management positions at Hewlett Packard (NYSE:HWP - news). Mr. Marrone has over 19 years of
engineering, technical marketing and sales, product development and business management experience. He holds a BSEE from
Worcester Polytechnic Institute, where he graduated with high distinction.
Headquartered in Hudson, NH, Micronetics offers noise-based test equipment and components used primarily to test
communication systems through its Micronetics/Equipment group, and manufactures and designs RF components and
subassemblies used primarily in radar, electronic countermeasure and electronic simulation systems through its
Micronetics/Components group. Micronetics' acquired Microwave & Video Systems, Inc. (''MVS'') of Danbury, CT and
Vectronics Microwave Corporation of Middlesex, NJ (''Vectronics'') earlier this year. MVS and Vectronics are part of the
Micronetics/Components group.
B: Micronetics = Q1 Revenues Grow 27.5%
HUDSON, N.H., Aug 9, 1999 (BUSINESS WIRE via COMTEX) --
Micronetics
Wireless, Inc. (NASDAQ:NOIZ), a provider of microwave components and
subassemblies and noise-based test equipment used in the wireless
communications industry and in other electronic applications, today
announced financial results for the first quarter of its fiscal year
ending March 31, 2000 (FY2000).
Net sales in Q1 of FY2000 increased to $1,342,916 from $1,053,675
in Q1 FY99. Net income increased to $99,941, or $.03 per share, as
compared with $97,840, or $.03 per share, in the same quarter a year
ago.
Richard S. Kalin, President, stated "The growth this quarter is a
reflection of the impact of our recent acquisitions of Microwave &
Video Systems, Inc. and Vectronics Microwave Corporation. Both our
Micronetics:Components and our Micronetics: Equipment groups are
receiving significantly increased orders, with backlog at record
levels. If current activities continue, we expect FY2000 to be a
record year."
Based in Hudson, NH, Micronetics:Equipment manufactures, designs
and markets a range of test equipment and components used to design,
test and manufacture equipment for cellular, PCS, wireless local loop
and satellite applications. Micronetics:Components manufactures and
markets microwave components and subassemblies used in radar and other
military or electronic applications.
Statements which are not historical facts, including statements
about the Company's confidence and strategies and its expectations
about new and existing products, technologies and opportunities,
market and industry segment growth, demand and acceptance of new and
existing products are forward looking statements that involve risks
and uncertainties. These include, but are not limited to, product
demand and market acceptance risks; the impact of competitive products
and pricing; the results of financing efforts; the loss of any
significant customers of any business; the effect of the Company's
accounting policies; the effects of economic conditions and trade,
legal, social, and economic risks, such as import, licensing, and
trade restrictions; the results of the Company's business plan and the
impact on the Company of its relationship with its primary lender.
INCOME STATEMENT DATA
First Quarter Ended June 30,
1999 1998
----- ------
Net sales $1,342,916 $1,053,675 Net income 99,941 97,840 Earnings per
share .03 .03 Wgt. Avg.shares outstanding 3,765,640 3,403,688
BALANCE SHEET DATA
June 30, 1999 March 31, 1999
Working capital $3,342,467 $3,271,475 Total assets 6,044,591
6,022,680 Non-current liabilities 876,824 915,831 Shareholders' equity
4,491,987 4,423,911
Copyright (C) 1999 Business Wire. All rights reserved.
-0-
CONTACT: Micronetics Wireless, Inc.
Richard S. Kalin, President
212/239-8900 or RKalin@MICRONETICS.COM
or
Makenzie Communications
Noelle Makenzie, President
212/760-4004 or NMakenzie@AOL.COM
WEB PAGE: businesswire.com
GEOGRAPHY: NEW HAMPSHIRE
INDUSTRY CODE: TELECOMMUNICATIONS
COMPUTERS/ELECTRONICS
COMED
EARNINGS
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