Comarco Wireless reports increase in orders.YORBA LINDA Yorba Linda (yôr`bə lĭn`də), city (1990 pop. 52,422), Orange co., S Calif., in a region of citrus fruit; inc. 1967. The city has grown tremendously along with the southern California area; its population increased fivefold between , Calif.--(BUSINESS WIRE)--Jan. 4, 1995--COMARCO 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 :CMRO CMRO Current Medical Research and Opinion (journal) CMRO Concerned Motorcycle Riders of Ohio CMRO Canadian Mud Racing Organization CMRO Certified Medical Review Officer CMRO Complex Maintenance, Repair & Overhaul ) announced Wednesday that orders received by its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Comarco Wireless Technologies Inc., were $2.9 million in the first two months (November and December) of the fourth quarter. In the 11 months of this fiscal year (1995) bookings have been $9.4 million. By comparison, bookings in fiscal year 1994 were $5.8 million. The increased level of bookings and shipments are for Comarco Wireless' family of cellular network performance test products -- the Network Evaluator 1500, the Network Evaluator 250, the GEN II family of products, and the Revenue Assurance Product (RAP). The Network Evaluator and GEN II products allow cellular telephone companies to improve the quality of cellular phone calls on their network. The RAP allows cellular companies to quickly and accurately verify that all calls are being properly billed after software upgrades have been made to their network switching system. "We are extremely pleased at the strong market response to our products," commented Don M. Bailey, president and chief executive officer of COMARCO. "The order level was higher than we had expected and should lead to record revenue and operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. this fiscal year for Comarco Wireless. "Historically, the end of the year is a very active time period for our wireless products, as many of customers place year-end orders. By comparison, the first part of the calendar year has been much less active. "Our government contracts business remains steady. Regarding the China Lake procurement, we and at least four other bidders entered discussions with the government concerning our bid for the consolidated omnibus omnibus: see bus. contract at China Lake and Pt. Mugu, California," continued Bailey. "The government informed us that Best and Final Offers will most likely be submitted in January, with an anticipated award date of June 1, 1995. We are finalizing our proposal efforts now, and look forward to another opportunity at this high value contract." -0- COMARCO Inc. (NASDAQ:CMRO) provides 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. products, engineering services, and facility management services to the public and private sectors. CONTACT: Comarco Inc. Don M. Bailey, 714/282-3813 Eva Evans, 714/282-3817 |
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