Wireless Telecom Group Announces Fourth Quarter and Year-End 2007 Financial Results

Business Wire, March 27, 2008

Full-year 2007 Sales Increase 5% to $56.6 Million

PARSIPPANY, N.J. -- Wireless Telecom Group, Inc. (AMEX: WTT) announced today results for the fourth quarter and twelve months ended December 31, 2007.

For the fourth quarter, the Company reported net sales of $14,207,000, compared to $14,127,000 for the same period in 2006. Quarterly results were impacted by the business downturn within the global commercial wireless markets, which are primary markets for the Company. For the twelve months, net sales were $56,602,000, compared to $53,763,000 for the prior year period, an increase of 5%.

For the fourth quarter, net income was $848,000, or $0.03 per diluted share, compared to $1,190,000, or $0.05 per diluted share, for the fourth quarter of 2006. For the twelve months, net income was $3,457,000, or $0.13 per diluted share, compared to $3,524,000 or $0.14 per diluted share, for the prior year period.

Monty Johnson, CEO of Wireless Telecom Group, Inc., stated, "We are pleased that we were able to repeat last year's revenue performance for the fourth quarter while achieving modest growth for the full year, despite significant softening in the wireless handset market. Although our growth for the year was below our target, we began to see encouraging results from our focused R&D investments made during the year.

For China's emerging 3G TD-SCDMA market, we have won a substantial share of handset communication testers, though the total volume remains modest. In the fourth quarter, we commenced production of our new Tetra mobile handset tester, the Stabilock 2303, and released our first Passive Intermodulation (PIM) Tester. The PIM Tester marks an exciting advance in portable instrumentation, as it gives wireless operators the ability to effectively troubleshoot network performance problems, a significant challenge given the higher frequencies and data rates associated with 3G networks. First revenue for both of these products was included in our fourth quarter results.

While we continue to invest in attractive markets to enhance the long-term growth potential of the Company, we are adjusting our operating expense levels to bring spending more closely in-line with near-term market dynamics. Our longer term growth prospects remain bright, and we believe that the continued careful management of our investments positions us well for continued success."

Wireless Telecom Group designs and manufactures radio frequency (RF) and microwave-based products for wireless and advanced communications industries and markets its products and services worldwide under the Boonton, Microlab, Noisecom, and Willtek brands. Its complementary suite of high performance instruments and components includes peak power meters, signal analyzers, power splitters, combiners, diplexers, noise modules, precision noise generators, and mobile phone testing solutions. The Company serves both commercial and government markets with workflow-oriented, built-for-purpose solutions in cellular/mobile, WiFi, WiMAX, private mobile radio, satellite, cable, radar, avionics, medical, and computing applications. Wireless Telecom Group is headquartered in Parsippany, New Jersey, in the New York City metropolitan area, and maintains a global network of Sales and Service offices for excellent product service and support.

Wireless Telecom Group's website address is http://www.wirelesstelecomgroup.com. Except for historical information, the matters discussed in this news release may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include declarations regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results. Such risks and uncertainties are identified in the Company's reports and registration statements filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2006.

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