Amplidyne, Inc. Retains Investor Relations Firm.

Business Editors/High-Tech Writers

RARITAN, N.J.--(BUSINESS WIRE)--Sept. 28, 2000

Amplidyne, Inc. (Nasdaq: AMPD), a manufacturer of power amplifiers and high-speed wireless internet access products, announced today the selection of CEOcast, Inc. as its new investor relations firm. The selection was announced today by its President and CEO Dave Bains.

CEOcast's investor relations services will include helping the Company increase its retail and institutional investor base, building distribution within the broker community, managing internet communications and regular dissemination of news developments to the investment community. Mr. Bains is currently featured in an interview at CEOcast.com.

Mr. Bains stated, "We selected CEOcast from many candidates because we believe that it is the ideal partner to assist us in raising our profile within the investment community. We believe that it is time for the Company to increase communications with the financial community and wireless investors in particular."

"We are delighted that Amplidyne has selected us to help communicate their message to the investment community," said Michael S. Wachs, CEOcast President. "We believe that as companies and investors consider wireless opportunities, they will see the value in the Ampwave(TM) product line.

About Amplidyne, Inc.

Amplidyne, Inc. designs, manufactures and sells high-speed wireless internet products, ultra linear power amplifiers and related subsystems to the worldwide wireless telecommunications markets. The high-speed wireless products are marketed under Ampwave(TM). Ampwave products are supplied to the small office/home office market and to internet service providers in the United States and worldwide. The ultra linear single and multi channel amplifiers are marketed to cellular, wireless local loop and PCS segments of the wireless telecommunications industry.

About CEOcast, Inc.

CEOcast (www.ceocast.com) is an online investor firm, which produces original and syndicated streaming broadcast interviews of chief executive officers at public and private news-making companies. Its programming is distributed to millions of online investors at over 700 financial web sites. As well as to more than 25,000 portfolio managers, buy-side analysts and traders at more than 3,300 North American institutions. Content is also disseminated to over 7,000 investment research professionals representing over 425 institutions.

Certain information contained in the press release is forward-looking. Actual results might differ materially from the forward-looking statements contained in the press release. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are risks involved in CEOcast successfully providing investor relation services, in starting new product lines, competition, managing expansion, modifications to specifications requested by customers, fluctuations in purchase orders, or customers' failure to meet their forecasted usage, requirements for new product development and product obsolescence, and other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with Securities and Exchange Commission.

SOURCE Amplidyne, Inc.