Wireless Telecom Group Announces First Quarter Financial Results

Business Wire, May 14, 2009

PARSIPPANY, N.J. -- Wireless Telecom Group, Inc. (NYSE Amex: WTT) announced today results for the first quarter ended March 31, 2009.

For the quarter ended March 31, 2009, the Company reported net sales of $11,362,000, compared to $12,989,000 for the same period in 2008.

The Company also reported a net loss of $(286,000), or $(0.01) per diluted share for the first quarter of 2009, compared to a net loss of $(529,000), or $(0.02) per diluted share, for the first quarter of 2008.

Monty Johnson, CEO of Wireless Telecom Group, Inc., stated, “We continue to adjust to the global economic downturn, further reducing our break-even operating point. Order volumes improved over the previous quarter, and sales of new products, such as the Boonton PIM 20 Tester, are growing. Resulting gross margin increased to 49.7% for the first quarter of 2009 when measured against last years’ relative period result of 47.5%. We also made a decision to shift some of our R&D to a technical partner, to advance our competitive position and enhance operating results in future periods."

Johnson added, “While our visibility on sales orders has improved, the business uncertainties our customers are facing remain a near-term risk for our Company. As a result, we continue to evaluate options including restructuring the existing business, aligning with a strategic partner, making additional investments in technology research and development, and selling selected assets. Factoring in the near-term risks, we anticipate that the on-going economic conditions will not be detrimental to our long-term growth potential. We believe we are focused on appropriate markets to deliver shareholder value.”

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.wtcom.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, 2008.

See following Selected Financial Results

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