For Immediate Release
Company Contact: Investor Relations
Glenn Befort Park Ave Capital
Randall Marx 80 Fifth Ave. Suite 1201
Antennas America, Inc. New York, NY 10011
Phone: 303-421-4063 Fax: 303-424-5085 Phone: 212-727-3120
Email: [email protected] Fax: 212-727-3685
web page: www.antennas.com www.parkcap.com
ANTENNAS AMERICA ACQUIRES STARWORKS TECHNOLOGIES, INC.
Wheat Ridge, Colorado October 3, 2000 - Antennas America, Inc (OTC BB: ANTM),
announced today that it has acquired Starworks Technologies, Inc., doing
business as The Kit Company. The Kit Company, located in Atlanta, Georgia,
designs, manufactures and markets Direct To Home satellite subscriber
self-installation and professional-installation kits to OEMs, distributors and
retailers.
The Kit Company, with more than a 40% share of the self-installation market,
markets its products to OEM customers under brand names such as DirecTV, Dish
Network, Hughes Network Systems, Sony and Phillips Magnavox. The Company also
markets, under its own brand name, to distributors and retailers. Each product
sold by The Kit Company is built to the respective customer's specifications.
The Kit Company's focus on the Satellite market, with high quality, cost
effective and timely deliveries, has led to an extensive following and a high
level of brand awareness.
The Kit Company's offerings to the DTH satellite market expand Antennas
America's value add in support of both one-way broadcast and two-way broadband
satellite subscriber solutions. Additionally, The Kit Company's large component
buying power also is anticipated to enhance the Company's competitiveness in the
MMDS (Multi-channel Multipoint Distribution Services) and ISM (Industrial,
Scientific, Medical) broadband markets currently served.
"We are excited about joining the Antennas America family," stated David
McConnell, President of The Kit Company. "We will benefit from their experience
in the broader wireless markets and plan to bring benefit to them through
enhanced access to the DTH satellite market and lower cost of some wireless
components."
As an added benefit, channel access to the satellite market developed by The Kit
Company will be leveraged to market additional local TV antennas from Antennas
America.
"The Kit Company is a valuable addition to Antennas America, "stated Glenn A.
Befort, Chief Executive Officer of Antennas America, Inc. "They support our
growth strategy in that their traditional market is still growing, will realize
further growth as two-way satellite broadband evolves and, in addition, they
bring channel synergy and lower cost opportunity to Antennas America."
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Antennas America, Inc., headquartered in Wheat Ridge, Colorado with its Winncom
Technologies subsidiary located in Solon, Ohio, and its Starworks Wireless
subsidiary, doing business as The Kit Company, located in Atlanta, Georgia, is a
wireless technology company that does marketing, distribution and servicing, as
well as selective design and manufacturing, of a broad range of component and
network solutions in support of wireless applications.
The Company's wireless solutions are marketed through the Company's internal
sales force, OEMs, numerous reseller distribution channels, retail and the
Internet to support network deployment in the growing domestic and global
wireless markets. For more information about the Company and its products,
please visit our web sites at www.antennas.com, www.winncom.com and
www.thekitcompany.com
This is not a solicitation to buy or sell securities and does not purport to be
an analysis of the Company's financial position. This Release contains
forward-looking statements within the meaning of the Securities Exchange Act of
1934. Although the Company believes that the expectations reflected in the
forward-looking statements and assumptions upon which forward-looking statements
are based are reasonable it can give no assurance that such expectations and
assumptions will prove to have been correct. See the Company's Annual Report on
Form 10-KSB for additional statements concerning important factors, such as
demand for products, manufacturing costs and competition, which could cause
actual results to differ materially from the Company's expectations.
