Radyne Comstream Wts 2/05 (MM) (NASDAQ:RADNW)
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Radyne ComStream's Registration Statement on Form S-3 is Declared
Effective by SEC
PHOENIX, April 8 /PRNewswire-FirstCall/ -- Radyne ComStream Inc. (Nasdaq: RADN;
Warrants: RADNW) today announced that its resale registration statement on Form
S-3 has been declared effective by the U.S. Securities and Exchange Commission
(the "SEC"). The registration statement covers 9,676,800 shares of the
Company's common stock transferred in a recent private transaction between
subsidiaries of Singapore Technologies Pte Ltd and a group of over 40
institutional and accredited investors. The private placement closed on
February 19, 2004. Additional information regarding the private placement can
be found on the Company's website and in theCompany's filings with the SEC.
This news release shall not constitute an offer to sell or the solicitation of
an offer to buy any securities of Radyne ComStream Inc., nor shall there be any
sale of these securities in any state in which such an offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such state.
About Radyne ComStream
Radyne ComStream designs, manufactures, sells, integrates and installs products,
systems and software used for the transmission and reception of data and video
over satellite, microwave and cable communication networks. The company,
through the Tiernan subsidiary (http://www.tiernan.com/), is a supplier of HDTV
and SDTV encoding and transmission equipment. The Armer subsidiary
(http://www.armercom.com/) provides innovative solutions for the integration and
installation of turnkey communications systems. The company has offices in the
U.S. located in Phoenix and San Diego, and internationally in Singapore,
Beijing, Jakarta and London. The company also has sales and/or service centers
in Sao Paulo, Bangalore, Shanghai and Moscow. For more information visit our
web site at http://www.radn.com/.
For more information, please contact: Garry Kline, V.P. and Interim Chief
Financial Officer, Radyne ComStream, +1-602-437-9620
Safe Harbor Paragraph for Forward-Looking Statements
This press release includes statements that constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995 (the "Reform Act") and Radyne ComStream claims the protection of the
safe-harbor for forward-looking statements contained in the Reform Act. These
forward-looking statements are often characterized by the terms "may,"
"believes," "projects," "expects," "intends" or "anticipates," and do not
reflect historical facts. Factors that may affect forward-looking statements
and the Company's business generally include but are not limited to:
* Prospects of the international markets and global economy given that
Radyne ComStream depends heavily on international sales.
* Unanticipated technical problems relating to Radyne ComStream's
products.
* Radyne ComStream's ability, or lack thereof, to make, market, and sell
optical networking products that meet with market approval and
acceptance.
* The greater financial, technical, and other resources of Radyne
ComStream's larger competitors in the marketplace.
* Changes in market conditions, new business opportunities, or other
factors that might affect Radyne ComStream's decisions as to the best
interests of its shareholders.
* A downturn in the evolving telecommunications and Internet industries.
* Risk factors and cautionary statements made in Radyne ComStream's
Annual Report on Form 10-K for the period ended December 31, 2003.
* The effect that acts of international terrorism may have on Radyne
ComStream's ability to ship products abroad.
* Other factors that Radyne ComStream is currently unable to identify or
quantify, but may exist in the future.
Forward-looking statements speak only as of the date the statement was made.
Radyne ComStream does not undertake and specifically declines any obligation to
update any forward-looking statements.
DATASOURCE: Radyne ComStream
CONTACT: Garry Kline, V.P. and Interim Chief Financial Officer of Radyne
ComStream, +1-602-437-9620
Web site: http://www.tiernan.com/
Web site: http://www.armercom.com/
Web site: http://www.radn.com/