IRVINE, Calif., May 20, 2004 (PRIMEZONE) -- Military Communications Technologies Inc. (OTCBB:MLTA), announced today that it would issue an additional dividend for shareholders of record May 31, 2004. All shareholders who were eligible for the previous dividend, announced March 1, 2004, will also be entitled to participate in the new dividend. The new dividend will be issued on the same basis as previously announced, all shareholders of record on May 31, 2004 will be entitled to receive 1 additional share for each 15 shares held.
"We apologize for the delays, and as such would like to offer our loyal shareholders an additional dividend for their patience and continued support of the Company and the SpectruCell technology," said Roger May, "We will work with the Transfer Agent to ensure the expediting of the issuance of both share dividends prior to the 30th June 2004."
Now that the Company is in a position to proceed with the issuance of the dividend, management will liaise with the Transfer Agent to finalize the procedure necessary to obtain the share dividend. Full details relating to this, including instructions on how to obtain the dividend will be advised prior to the end of May 2004.
China J/V Contract
Global SDR Technologies has advised that it received notification that the approval to release information regarding the agreement recently signed in China will be forthcoming within the next three days.
About Military Communications Technologies
Military Communications Technologies, Inc. is a technology company involved in the development and distribution of proprietary software defined radio (SDR) commercial and military mobile wireless 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.