Amplidyne Inc Unveils Updated Web Site Featuring E-Commerce Capabilities.

Business Editors & High-Tech Writers

RARITAN, N.J.--(BUSINESS WIRE)--Oct. 8, 2002

Amplidyne, Inc. (Nasdaq:AMPD), a manufacturer of power amplifiers and high-speed wireless Internet access products, for the wireless ISP market, announced that it has updated its web site which will allow customers to purchase equipment on line.

Devendar Bains, CEO, remarked, "The updated website has our complete range of wireless products to address the needs of the SOHO (small office home office), enterprise and wireless ISP's. With the added feature of on line sales, our customers will find this convenience very satisfying."

This new secure site will allow for any type of credit card transaction.

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. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from any future results expressed or implied by such forward-looking statements. In addition to statements, which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates" or "plans" to be uncertain and forward-looking. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are risks involved in the Company's ability to increase revenues (including on line sales of our equipment) and reduce operating losses, the successful development and sale of products (including on line sales), the successful distribution of our products in the marketplace, the successful expansion of business with sales made by ISP's, starting new product lines, the ability to enter into strategic relationships and joint-venture partnerships, 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, risks involved in sales outside of the United States (such as recessionary environments, longer collection periods, trade barriers, regulatory requirements, currency fluctuations), and other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.