AML Communications Inc. plans move of headquarters and manufacturing operations; the new facility will meet expansion needs.CAMARILLO Camarillo (kă'mərē`yō), city (1990 pop. 52,303), Ventura co., S Calif.; inc. 1964. It is the center of a fertile farm area where citrus fruits and flowers are grown. , Calif.--(BUSINESS WIRE)--Feb. 29, 1996--AML Communications Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AMLJ) Thursday announced that it has acquired and entered into an agreement for the sale and leaseback sale and leaseback The sale of a fixed asset that is then leased by the former owner from the new owner. A sale and leaseback permits a firm to withdraw its equity in an asset without giving up use of the asset. Also called leaseback. of a modern 25,000-square-foot manufacturing, administration and technical support facility, also in the Camarillo area. It currently occupies a 7,500-square-foot facility. Jacob Jacob (jā`kəb), in the Bible, ancestor of the Hebrews, the younger of Isaac and Rebecca's twin sons; the older was Esau. In exchange for a bowl of lentil soup, Jacob obtained Esau's birthright and, with his mother's help, received the blessing Inbar, chairman and chief executive officer, said: ``We expect to occupy the new facility in the spring of this year. We believe that this move will accommodate future growth and allow us to meet the delivery schedules from current demand for our products.'' AML AML - A Manufacturing Language Communications designs, manufactures and markets multicarrier amplifiers, repeaters and related products for the cellular and other communications markets. CONTACT: AML Communications Inc., Camarillo William E. Sheridan, 805/388-1345 or Coffin-KCSA, Sherman Oaks, Calif. Michael D. Rosenheck, 818/789-0100 |
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