IRVINE, Calif., Feb. 3, 2004 (PRIMEZONE) -- Military Communications Technologies, Inc. (OTCBB:MLTA) is pleased to announce today that the Company's executives, Mr. Jason May and Mr. Jeremy Norton will host an institutional investor presentation and reception in New York City on Tuesday, February 3 at 4:30pm.
Mr. Jason May, the Company's Chief Technology Officer, arrived in New York having completed a three-week business development tour in various world cities in which he met with leaders in the wireless technology industry. The purpose of the New York investor presentation is to provide an introduction and update on major Company developments, including:
Financial Status:
-- Analysis of a potential asset value increase for the Company
resulting from public listing on the UK's AIM stock market for the
Company's partially owned Australian affiliate, Military SDR
Technologies Pty Ltd;
-- Potential revenue streams for 2004/2005 global operations;
-- Acquisition strategy and potential partnerships with U.S.-based
wireless companies that are active in the military and defense
markets for PC4;
-- New MLTA Exclusive Agency Agreement regarding worldwide
commissions.
Contracts & Negotiations:
-- Status of contract negotiations and upcoming orders with North
American defense contractors;
-- Status of negotiations and potential Joint Venture development
projects with large North American semiconductor manufacturers and
developers;
-- Status of negotiations with communications equipment manufacturers
and mobile network operators in China;
-- Status of negotiations with Japanese mobile wireless application
developers and communications companies;
Technology & Product Developments:
-- The latest breakthroughs for the Company's SpectruCell VOIP base
station technology, which is designed to enable wireless network
applications for remote locations without any conventional
infrastructure;
-- Critical importance of the Company's proprietary PC4 SDR wireless
communications technology for Homeland Defense applications and
the need for highly secure digital communications amongst various
military forces.
"We are very excited about the major milestones achieved with respect to the SpectruCell and PC4 SDR wireless technologies and pleased to introduce our story to the institutional investment community in New York. Our technology is unique and the solutions we offer benefit U.S. defense operations domestically and abroad," stated Mr. Jeremy Norton, Director of Military Communications Technologies.
To reserve an invitation and obtain location and time for the presentation, please contact Ms. Christine Petraglia, Sky Investor Relations, 212-440-5000, cpetraglia@skyir.com, or Ms. Tina Woo at 949-622-5508, tina.woo@milcomms.com.
About Military Communications Technologies
Military Communications Technologies, Inc. is a technology company involved in the development and distribution of proprietary software defined radio (SDR) for both large-scale Commercial and Military mobile wireless communication network applications. The Company's core product, PC4 is specifically targeted to the demands of the Military and Homeland Defense agencies for large-scale defense grade reconfigurable wireless communications systems. PC4, which stands for Programmable, Command, Control, Compute, and Communicate, is a next-generation SDR framework and proprietary operating system uniquely designed for interoperable, lightweight and mobile military communications systems. The PC4 framework is also especially suitable for radar and high-speed digital RF and GSM surveillance systems. The Company's proprietary SpectruCell(tm) technology offers commercial wireless providers a cost-effective, software-based method to upgrade systems to next-generation standards and makes networks interoperable with most wireless protocols.
Statements in this release, which relate to other than strictly historical facts, including statements about the Company's plans and strategies, as well as management's expectations and new and existing products, technologies and opportunities, market growth, demand for acceptance of new and existing products, are forward-looking statements. The words, "believe," "expect," "anticipate," "estimate," "project," and similar expressions identify forward-looking statements that speak only as the date hereof. This press release contains certain forward-looking statements regarding Military Communications Technologies, Inc. ("MLTA"), its business prospects and results of operations that are subject to certain risks and uncertainties posed by many factors and events that could cause MLTA's actual business, prospects and results of operations to differ materiality from those that may be anticipated by such forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by MLTA in this news release and other reports filed with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect MLTA's business.