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SATELLITE TECHNOLOGY MANAGEMENT INC. OFFERS SYNOPSIS OF REMARKS MADE AT CRUTTENDEN SOUTHERN CALIFORNIA GROWTH STOCK CONFERENCE

 NEWPORT BEACH, Calif., Feb. 19 /PRNewswire/ -- The following is a summary of a presentation made by Costa Mesa, Calif.-based Satellite Technology Management Inc. today at the Cruttenden Southern California Growth Stock Conference.
 Satellite Technology Management Inc. ("STM"), based in Costa Mesa, has established itself as a leader in the design, manufacture and marketing of satellite communications equipment, software, network design and supporting services purchased and deployed by businesses, government agencies and telephone companies worldwide. Commonly referred to as VSATs (for Very Small Aperture Terminals), STM's products provide fast, reliable, secure, flexible and cost- effective communications networks that connect remote locations and a central headquarters, thereby enabling data, voice and fax transmissions in either a private or shared operating environment.
 Founded in 1982, STM is currently the only public company dedicated to the design, manufacturing and marketing of satellite communications networking products based upon VSAT technology. STM's primary market focus has been outside of the United States, with international sales accounting for more than 90 percent of 1992's revenues. STM systems are currently installed and operating in the United States, Canada, Latin America, Europe and the Pacific Rim.
 VSAT market watchers have estimated the current market at approximately $400 million with 80 percent emanating from the United States. The need for voice and data communications is growing rapidly, especially internationally where weak or lacking infrastructure has resulted in a tremendous pent-up demand with satellite communications proving to be the most reliable and cost- effective way to address this need.
 STM's focus on this need, both from a technology standpoint and a marketing perspective, has resulted in a leadership position in a market niche growing at more than 30 percent annually. This, in turn, has resulted in STM's average revenue growth being in excess of 40 percent for the past five years. Since continuing growth does not require major additional capital expenditures, STM's strong cash position with no debt load, positions the company to achieve continuous and steady growth while taking advantage of opportunities for additional breakthrough growth.
 Industry users of STM equipment include brokerage houses, auto dealers, retailers, publishers, manufacturers, distributors and banks, as well as government agencies and telephone companies. Sales to these clients result primarily from a network of distributors in 18 regions of the world which is in regular and direct contact with the most senior executives at STM. Additionally, some direct sales are done by STM executive management. After-sales support is provided by the in-country distributors backed up by the STM Customer Services and Support organization. This approach of working with and through local distributors ensures that local regulations and customs are efficiently and thoroughly followed and supported.
 Key to STM's success is the commitment to superior products based upon a strong R&D program, underpinned by a group of engineers who have been responsible for not only pioneering the VSAT industry, but also continually developing innovative products. This emphasis will be maintained by providing products that are well-tailored to local needs and conditions, and are innovative extensions of STM's established technologies. In addition to introducing new products through this incremental development, STM's strategic plan supports potential acquisitions that are consistent with STM's strategic product plan.
 In conclusion, STM is committed to providing superior products in the international market that will support the continuation of its steady growth. STM's announced goal is to exceed a 20 percent to 25 percent average annual earnings growth. Also, STM believes that it has the potential for breakthrough earnings growth at any point in the future.
 -0- 2/19/93
 /CONTACT: Stephen A. Strohman, senior VP of Satellite Technology Management, 714-557-2400/


CO: Satellite Technology Management Inc. ST: California IN: SU:

KJ-MS -- LA003 -- 8269 02/19/93 08:46 EST
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Date:Feb 19, 1993
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