Techworth Provides Research Update Report Covering Paradyne with Review of Quarterly Results

The Techworth Report for Paradyne Networks is Available for Institutional Investors on the Web: http://www.techworth.us


CHESTNUT HILL, Mass., Oct. 20, 2003 (PRIMEZONE) -- Techworth Inc., an independent telecommunications investment research and consulting company, specializing in providing telecom industry perspectives for institutional investors, announced the availability of a follow-up 8-page research report that emphasizes valuation addressed in the initial coverage report.

David Weissman, CFA, President and Principal Analyst for Techworth, commented, "We believe that Paradyne's (Nasdaq:PDYN) 3rd quarter results and continued market demand for broadband access confirm a trend back to revenue growth after two years of declining sales." The report presents opinions on the prospects for the company and provides a description of certain corporate events and financial data as part of the valuation summary.

Techworth continues to analyze small and mid-sized telecommunications companies, providing additional views on the industry and relevant companies. Stock reports on selected telecom companies are made available for institutional investors and can be purchased on the web at www.techworth.us/store.asp.

About Techworth Inc.

Techworth Inc. is an independent investment research and business consulting firm with industry experience and specialization in the telecommunications industry, with the goal of enhancing business and investment opportunities. The firm focuses its research on small and midsize companies that may have a limited following by other investment analysts.

The reports do not provide individually tailored investment advice and are written for institutional investors who understand the potential consequences of securities with varying degrees of risk. The reports are provided for informational purposes only and should not be construed as offers to sell or solicitations of an offer to buy the securities. Techworth Inc. did not receive any considerations from the companies researched in these reports. Information is presented without warranty of any kind or with regard to the results to be obtained from its use. Opinions may change without notice. Techworth does not commit to update or supplement these reports or any of the information contained within.



            

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