IRVINE, Calif., March 1, 2004 (PRIMEZONE) -- Military Communications Technologies Inc. (OTCBB:MLTA), announced today that the Board of Directors have executed a contract to change transfer agents to Island Stock Transfer, LLC of St. Petersburg, Florida. The new transfer agent will assume responsibility for the issuance, recording and processing of all of the Company's Share certificate issuances and transactions. Implementing the change of transfer agents will take several weeks to complete due to printing of new certificates and other formal requirements.
Accordingly, the company wishes to advise shareholders that processing of the MLTA Share Dividend announced on February 18, 2004 will be delayed, and that therefore the qualification date for the Share Dividend has been extended to March 19, 2004.
Further details regarding the actual process required for stockholders of record to obtain the share dividend will be released as soon as possible and posted on the company website, prior to the 19th of March 2004. Immediate requests for information can be sent to "info@milcomms.com".
About Military Technology Communications
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.