Radyne ComStream Board Authorizes up to $10 Million Stock Repurchase PHOENIX, June 7 /PRNewswire-FirstCall/ -- Radyne ComStream Inc. (Nasdaq: RADN; RADNW), today announced that the Company plans to repurchase up to $10 million of the Company's common stock. At current prices, the repurchase program could include as much as 7% of the currently available shares. The repurchase program, which was approved by the Company's Board of Directors, directs the Officers of the Company to purchase shares of the common stock on the open market from time to time, as the officers deem appropriate, and to retire the shares purchased under the program. The program will be financed with cash on hand. "We are implementing this repurchase plan in light of the recent decline in the market value of our shares, which we believe presents a good investment opportunity for us," said Bob Fitting, CEO. "This program should enhance shareholder value by supporting our earnings per share." 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, is a supplier of HDTV and SDTV encoding and transmission equipment. The Armer subsidiary provides innovative solutions for the integration and installation of turnkey communications systems. Radyne ComStream is headquartered in Phoenix, Arizona, has manufacturing facilities in Phoenix and San Diego, and sales offices 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/. Contact: Malcolm Persen, Chief Financial Officer, 602.437.9620 Safe Harbor Paragraph for Forward-Looking Statements Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company's management believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. There can be no assurance, for example, that the Company will complete the buyback of all $10 million worth of stock, or that if it does, that the buyback will be accretive to the earnings per share. In addition, the market for and price of the Company's stock is affected by various other factors relating to the Company, including the overhang associated with the Company's outstanding warrants; industry, competitive and technological changes; risks associated with international operations and foreign currency fluctuations; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and other risks detailed from time to time in the Company's SEC reports, including the Company's most recent Form 10-K and subsequent Form 10-Qs. Forward-looking statements speak only as of the date the statement was made. The Company does not undertake and specifically disclaims any obligation to update any forward-looking statements. In addition, the Company does not endorse any projections regarding future performance that may be made by third parties. DATASOURCE: Radyne ComStream Inc. CONTACT: Malcolm Persen, Chief Financial Officer of Radyne ComStream Inc., +1-602-437-9620 Web site: http://www.radn.com/

Copyright