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| REMEC Announces Engagement of Needham & Company |
SAN DIEGO, Sep 30, 2004 (BUSINESS WIRE) -- As announced earlier this month, REMEC, Inc. (Nasdaq:REMC) has been exploring a number of strategic and financing alternatives. Today the Company announced that it has engaged Needham & Company, Inc. as a financial advisor in connection with possible transactions involving the Company's various business units. The Company has entered into a letter of intent to sell one of its non-core businesses and has begun discussions with interested parties on transactions involving other segments. About REMEC REMEC is a designer and manufacturer of high frequency subsystems used in the transmission of voice, video and data traffic over wireless communications networks and in space and defense electronics applications. Statements in this press release that are not historical are forward-looking statements, which involve known and unknown risks and uncertainties. Actual results could differ materially from those implied by such forward-looking statements due to a variety of factors, including, general and industry economic conditions, competition, development factors, operating costs and other risks and uncertainties that are detailed from time to time in our filings with the Securities and Exchange Commission. SOURCE: REMEC, Inc. REMEC, Inc. |