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| REMEC, Inc. Announces Deferral of Decision on Cash Distribution |
SAN DIEGO--(BUSINESS WIRE)--Sept. 14, 2006--REMEC, Inc. (OTCBB:REMC) today announced that its Board of Directors has deferred a decision on any further cash distribution to shareholders until after October 16, 2006, when its Federal Income Tax return is scheduled to be filed. A further announcement on this subject will be provided after that date. REMEC continues to believe that the total remaining amount of cash distributions to shareholders resulting from the Company's execution of its Plan of Dissolution will be within the range of $1.10 to $2.40, as discussed in the Company's Form 10-Q filed September 13, 2006. About REMEC, Inc. REMEC is located at 3790 Via de la Valle, Del Mar, CA 92014. Phone: 858-259-4302; Website: www.remec.com. Forward-Looking Statements 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 risks relating to resolution of residual liabilities and obligations, operating costs and other risks and uncertainties that are detailed from time to time in our filings with the Securities and Exchange Commission.
CONTACT: REMEC, Inc.
Marie Castro, 858-847-0265
SOURCE: REMEC, Inc.
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