RADNW Radyne Comstream Wts 2/05 (MM)

Radyne ComStream Announces Estimated Year End Results PHOENIX, Jan. 26 /PRNewswire-FirstCall/ -- Radyne ComStream Inc. (NASDAQ:RADNNASDAQ:RADNW), today announced that the Company expects revenues for the 4th quarter to be between $16 and $17 million, with resulting per share earnings between $0.14 and $0.16 per fully diluted share. Radyne also announced that total orders received (or bookings) during the fourth quarter, including those previously announced, set a new company record at $20.7 million. Bookings increased 124% and 166% over the 4th quarter of 2003 and the 3rd quarter of 2004, respectively. Radyne attributed the positive results to the market acceptance of its new HDTV encoders and continued strength in sales of its satellite modems. Radyne expects that sales for 2004 will total between $56 and $57 million. The Company also anticipates that earnings per fully diluted share for 2004 will be between $0.75 and $0.77, including the previously announced benefit resulting from the recognition of a deferred tax asset. "We are pleased to carry a strong backlog into the first quarter of 2005," said Bob Fitting, CEO. "Market interest in our encoder line and satellite modem products remains strong and we look forward to a solid start to the New Year." Radyne scheduled its full earnings announcement for February 17, 2005. Further details regarding the announcement and public investor conference call will be released shortly. About Radyne ComStream Radyne ComStream designs, manufactures, sells, integrates and installs products, systems and software used for the transmission and reception of data and video over satellite, microwave and cable communication networks. The Company, through the Tiernan subsidiary, is a supplier of HDTV and SDTV encoding and transmission equipment. Radyne ComStream is headquartered in Phoenix, Arizona, has manufacturing facilities in Phoenix and San Diego, and sales offices in Singapore, Beijing, Jakarta and London. The Company also has sales and/or service centers in Sao Paulo, Bangalore, Shanghai and Moscow. For more information visit our web site at http://www.radn.com/. Contact: Malcolm Persen, Chief Financial Officer, 602.437.9620 Safe Harbor Paragraph for Forward-Looking Statements This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act") and Radyne ComStream claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results, performance or achievements of Radyne ComStream and its subsidiaries to be materially different from those expressed or implied by such forward-looking statements. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," "intends" or "anticipates," and do not reflect historical facts. Specific forward- looking statements contained in this press release include expectations for 4th quarter and annual revenues and earnings per share and indications that the Company will begin 2005 solidly, with strong market demand for its new products. The quarterly and annual estimates are preliminary in nature and subject to adjustment. Further, there can be no assurance that the indicators that the factors that the Company relies on to gauge future business prospects, such as backlog and bookings, will accurately forecast future results. Factors that may affect forward-looking statements and the Company's business generally include but are not limited to the following: changes in demand for the Company's products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, constraints on supplies of critical raw materials, excess or shortage of production capacity, and other risks discussed from time to time in the Company's SEC filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Forward-looking statements speak only as of the date the statement was made. Radyne ComStream does not undertake and specifically declines any obligation to update any forward-looking statements. In addition, the Company does not endorse any projections regarding future performance that may be made by third parties. DATASOURCE: Radyne ComStream Inc. CONTACT: Malcolm Persen, Chief Financial Officer of Radyne ComStream Inc., +1-602-437-9620 Web site: http://www.radn.com/

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