AML Communications, Inc. Acquires Microwave Power, Inc.Business Editors CAMARILLO, Calif.--(BUSINESS WIRE)--May 26, 2004 AML AML - A Manufacturing Language Communications, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMLJ) (the "Company") announced today that it has executed the definitive agreements to acquire Microwave Power, Inc. ("MPI MPI - Message Passing Interface "). Pursuant to a Merger Agreement, dated as of May 25, 2004, the Company will issue to shareholders of MPI, upon closing, 2,117,362 shares of the Company's common stock, par value $0.001 per share in exchange for all of the stock of MPI. This transaction is scheduled to close on or before June 7, 2004. After the closing, MPI will become a division of the Company and continue to operate from its current facility. Jacob Inbar, the Company's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. said: "By combining AML's broadband low noise technology with MPI's broadband high power technology, we stand to greatly increase our addressable Reachable. When something is addressable, it can be identified and manipulated independently of its surroundings. For example, screen pixels and RAM memory are addressable. Each of the screen's picture elements can be individually turned on and off, and each of the memory's bytes can be markets. In addition, MPI's patented Monolithic Ceramic Circuits Technology (MCCT MCCT Manual Cam Chain Tensioner (4 stroke motorcycles) MCCT Measurement Control Chart Toolkit MCCT Mission Crew Commander Technician MCCT Marine Corps Combat Town ) when applied to AML's product line provides the opportunity for large scale cost reductions and improved yields. I am very happy to announce this transaction." About AML Communications, Inc. AML Communications, Inc. is a designer, manufacturer and marketer of amplifiers and related products that address the Defense microwave and Wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. markets. The Company's Web site is located at http://www.amlj.com. About Microwave Power, Inc. Microwave Power, Inc. is a designer, manufacturer and marketer of high power microwave amplifiers. Further details relating to the transaction will be included in the Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. to be filed by the Company with the Securities and Exchange Commission. This press release may contain forward-looking statements, particularly as related to, among other things, the opportunities relating to MPI's technologies, the business plans of the Company, our ability to integrate MPI's business successfully and the Company's business strategy. These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Act of 1934 and are subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by these sections. Such forward-looking statements are based on current expectation, involve known and unknown risks, a reliance on third parties for information, uncertainties and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to our ability to acquire profitable companies and integrate them into our business successfully and other factors that are detailed in documents we file from time-to-time with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results may differ materially from the Company's expectations and estimates. |
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