EXHIBIT 99.1
On May 30, 2000, the Registrant issued the following press release:
For Immediate Release
Company Contact:
Randall Marx
Richard Anderson
Antennas America, Inc.
Phone 303-421-4063 Fax: 303-424-5085
Email: [email protected]
web site: www.antennas.com
ANTENNAS AMERICA ACQUIRES WINNCOM TECHNOLOGIES
Wheat Ridge, Colorado May 30, 2000 - Antennas America, Inc. (OTC BB:ANTM) today
announced that it has acquired Winncom Technologies, Inc., a global value added
supplier of high performance wireless broadband products for data and voice,
with numerous reseller channels domestically and internationally.
Winncom's wireless communications expertise will play a key role in the
Company's plans to become a total wireless solutions provider. Winncom's
technology increases the effective range and data throughput of currently
available license-free wireless systems. In addition to its design and
manufacturing capacity, Winncom is also a solutions provider of wireless
products manufactured by the well known manufacturers in the wireless
communications space, including Lucent Technologies, Western Multiplex,
BreezeCom, and Aironet, a division of Cisco. Additionally, Winncom was named a
master Value Added Reseller for the Fujitsu pen-based and portable computing
solutions. These license-free systems have been gaining widespread acceptance
for delivery of high speed wireless Internet and data communications at speeds
greatly exceeding other current means of high-speed connectivity, including DSL
and T1 lines.
Consistent with its "One-Stop-Source" philosophy, Winncom designs and
manufactures a full line of accessories for the wireless communications
industry, including amplifiers, frequency converters, antennas, environmental
enclosures, and cable assemblies. Winncom's amplifiers allow high-speed wireless
connections at distances in excess of 60 miles. The company also markets
Voice-over-IP telephony products, which integrate into its wireless offerings.
For the first quarter of 2000, Winncom had revenues of approximately $3,000,000.
This represents a 177% increase
over the first quarter of 1999.
Founded in 1993, and headquartered in Solon, Ohio, Winncom has developed a
preeminent reputation and expertise in wireless data and voice communications
including internet connectivity, point-to-point and point-to-multipoint data
connections, and SCADA telemetry. Antennas America believes that Winncom is
positioned to deliver significant growth in the wireless industry to meet the
emerging needs in high bandwidth, high speed wireless communications. Winncom
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promotes and markets its products through trade publications, such as
Communications News, Wireless Design, Wireless Integration and Information
Technology Almanac, and regularly participates in trade shows including ISP CON,
Telecom Latina, EGOV, FOSE2000, Wireless Integration, OSBA and CTIA. Winncom's
technical experts have contributed editorials to Communications News, Wireless
Integration, Wireless Magazine, RF Design and Development and MachTech
publications. Winncom further promotes its wireless expertise by regularly
conducting nationwide training seminars for VARs and system integrators, and by
offering its customer system design and installation services.
"High Speed wireless internet is one of the fastest growing wireless markets,"
stated Randall P. Marx, Chief Executive Officer of the Company. "By bringing
wireless networking into our business portfolio, we have accelerated our entry
into a major emerging sector of the wireless marketplace. As a solutions
provider for some of the major hardware suppliers in the wireless industry,
Winncom's knowledge and expertise regarding the installation and operation of
wireless systems is unparalleled in the wireless networking space. We are proud
to have them as part of our team."
"This is an exciting day for Winncom", stated Gregory Raskin, President of
Winncom. "We are extremely pleased to be a part of a company that shares our
vision of the great future of wireless technology in high-speed data and voice
connectivity applications, and is dedicated, as we are, to providing a complete
package of wireless solutions."
For more information about Winncom, please visit its web site at
www.winncom.com.
Antennas America, Inc. is a diversified wireless company that designs, develops
and manufactures unique antenna and other wireless solutions for the rapidly
expanding telecommunications industry at its 27,600 square foot facility leased
in Wheat Ridge, Colorado. The Company also provides custom antenna designs and
manufacturing for Original Equipment Manufacturers (O.E.M.) and other emerging
wireless communications markets. For more information about the Company and its
products, please visit our web site at www.antennas.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. Although the Company believes that the expectations
reflected in the forward-looking statements and assumptions upon which
forward-looking statements are based are reasonable, they can give no assurances
that such expectations and assumptions will prove to have been correct. For
Antennas America, see Antennas America's Annual Report on Form 10-KSB for
additional statements concerning important factors, such as demand for products,
manufacturing costs and competition, that could cause actual results to differ
materially from Antennas America's expectations.
