Business Services Industry
Antennas America Inc. Awarded Contract to Build RCA Antenna System
Business Wire, June 17, 1999
WHEAT RIDGE, Colo.--(BUSINESS WIRE)--June 17, 1999--
Antennas America, Inc. (OTC BB:ANTM) announced today that it has been awarded a contract from Thomson Consumer Electronics to manufacture the Low Profile(TM) flat local TV antenna system under the RCA brand name.
Thomson is the world's fourth largest consumer electronics company, with the leading market positions in the U.S. television and digital satellite business. Thomson is the manufacturer and marketer of RCA, GE, and Proscan brand home entertainment products.
"We have always been very proud of the quality of our customer base and feel fortunate to be able to add Thomson Consumer Electronics and the RCA brand name to the list," stated Randall P. Marx, Chief Executive Officer of Antennas America, Inc. "With our addition of the RCA antenna business and the national roll-out of the our new `F' antenna for wireless internet connections for lap top computers, we expect to increase revenues 70% to 100% in 1999. In addition, we are particularly appreciative of our 49 employees for their efforts in making this growth possible for our Company."
Antennas America, Inc. is a diversified antenna company that designs, develops and manufactures unique antenna solutions for the rapidly expanding wireless communications industry at its leased facility in Wheat Ridge, Colorado. The Company also provides custom antenna designs and manufacturing for Original Equipment Manufacturers (O.E.M.) and other emerging wireless communications markets. For more information about the Company and its products, please visit our web site at www.antennas.com.
This is not a solicitation to buy or sell securities and does not purport to be an analysis of the Company's financial position. This Release contains forward looking statements with the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in the forward-looking statements and assumptions upon which forward-looking statements are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. See the Company's Annual Report on Form 10-KSB for additional statements concerning important factors, such as demand for products, manufacturing costs and competition, that could cause actual results to differ materially from the Company's expectations.
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