Blonder Tongue in Joint Venture to Acquire Private Cable Television Systems From Verizon.

Business Editors

Blonder Tongue Laboratories, Inc. (AMEX:BDR) a manufacturer of electronics and systems equipment for the franchised and private cable television industries, today announced that it has formed a joint venture with Priority Systems, LLC and Paradigm Capital Investments, LLC for the purpose of acquiring the rights-of-entry for certain multiple dwelling unit cable television systems owned by affiliates of Verizon Communications, Inc. (NYSE:VZ).

The joint venture entity, Priority Systems Group, LLC, has signed a definitive purchase agreement to acquire the Verizon systems (the "Systems"), which are comprised of approximately 4,350 existing MDU cable television subscribers and 9,500 passings for the purchase price of $575 per subscriber, payment of which will be guaranteed by Blonder Tongue. The actual subscriber count and purchase price will be determined on the final closing date, which is anticipated to occur on or about September 1, 2002. The Systems are expected to be cash flow positive in the first year.

The multiple dwelling unit segment of the cable television market suffers from high theft of service and the transient nature of residents makes subscriber management more difficult. This environment is ideal for implementation of Blonder Tongue's MDU solutions, including Triple QT(TM) digital and interdiction addressable signal control, which have proven to increase penetration and pay unit sales. It is planned that the Systems will be upgraded with Blonder Tongue products over the course of operation.

"After completing the upgrade, we will have a showcase and blueprint for all cable operators (whether private or franchised cable) who want to deploy in the MDU environment and achieve the highest possible penetration, sell-through and customer satisfaction," said James Luksch, President and CEO, Blonder Tongue. "We anticipate that the Priority Systems Group venture will result in increased revenues and cash flow for Blonder Tongue."

Blonder Tongue Laboratories is a designer, manufacturer, and supplier of a comprehensive line of electronics and systems equipment for the franchised and private cable television industries. Founded in 1950, Blonder Tongue offers a comprehensive product line and has grown to be one of the leaders in cable television equipment manufacturing. For more information regarding Blonder Tongue or its products, please visit the Company's Internet site at www.blondertongue.com or contact the Company directly at [phone].

Priority Systems, LLC and its affiliates are privately owned and have been operating private cable systems and providing billing services since 1985. Their existing cable systems service over 5,500 subscribers. They also perform billing services to 6,500 additional subscribers on behalf of other cable operators.

Paradigm Capital Investments, LLC is an affiliate of Paradigm Marketing Group, Inc., a business brokerage and consulting firm that provides marketing services in the telecommunications and cable industries.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995. The information set forth above includes "forward-looking" statements and accordingly, the cautionary statements contained in Blonder Tongue's Annual Report and Form 10-K for the year ended December 31, 2001 (See Item 1: Business and Item 7: Management's Discussion and Analysis of Financial Condition and Results of Operations), and other filings with the Securities and Exchange Commission are incorporated herein by reference. The words "believe", "expect", "anticipate", "project", and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. Blonder Tongue undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Blonder Tongue's actual results may differ from the anticipated results or other expectations expressed in Blonder Tongue's "forward-looking" statements.