Acrodyne Seeks Relief From SEC Reporting Requirements

Communications Today, August 14, 2003

Acrodyne Communications Inc., a producer of transmitters and translators used by TV stations to broadcast over-the-air signals, has filed forms with the Securities and Exchange Commission to deregister its common stock. The move, if approved by the SEC, would relieve the Cockeysville, Md.-based company of requirements to file both quarterly and annual financial statements with the commission. Acrodyne reporteldy has fewer than 300 shareholders of record and therefore, is not required to file such reports.

Nat Ostroff, the company's president and chairman, in a prepared statement, said "there is little benefit to the company or our shareholders to continue to incur the costs necessary to generate reports that satisfy SEC requirements when it is not necessary. The reporting and filing requirements continue to become more stringent and costs, for a small company to comply, have become prohibitive."

Earlier this year, Acrodyne settled with the SEC after the commission charged the company with "materially misstating figures reported for its inventory, cost of sales, revenue, gross profit, and net loss in its financial statements for the year ended Dec. 31, 1998; the first three quarters of 1999; the year ended Dec. 31, 1999; and the first quarter of 2000."

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