WIRELESS TELECOM GROUP INC.
E. 64 Midland Avenue Paramus, NJ 07652
Tel. (201) 261-8797 Fax (201) 261-8339
WTT ANNOUNCES 30 DAY POST MERGER COMBINED OPERATING RESULTS
NEWS RELEASE
Contact: Reed DuBow
(201) 261-8797
FOR IMMEDIATE RELEASE
WEDNESDAY, AUGUST 30, 2000
Paramus, New Jersey - Wireless Telecom Group, Inc. (AMEX Symbol: WTT)
and Boonton Electronics Corporation announced today, in connection with the
merger previously reported in the registrant's form 8-K dated July 19, 2000, its
30 day post merger combined operating results.
Thirty days ended
August 10, 2000
(unaudited)
-----------
Net sales $1,231,733
Gross profit 646,253
Operating costs 384,962
Non-recurring merger expenses 599,646
Net (loss) ($139,765)
Net (loss) per share ($.01)
Boonton Electronics is a leader in the manufacture of test equipment
dedicated to measuring power of RF and Microwave systems used in multiple
telecommunication markets.
Wireless Telecom Group, Inc. is a global provider of noise generation
equipment in the telecommunications field.
Except for historical information, the matters discussed in this news
release may be considered "forward-looking" statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such statements include
declarations regarding the intent, belief or current expectations of the Company
and its management. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance and involve
a number of risks and uncertainties that could materially affect actual results.
Such risks and uncertainties are identified in the Company's reports and
registration statements filed with the Securities and Exchange Commission,
including its Annual Report on Form 10-K for the year ended December 31, 1999
and Forms 10-Q for 2000.
