WEGENER CORPORATION REPORTS RESULTS FOR FOURTH QUARTER AND YEAR-END FISCAL 2001

(November 8, 2001) - DULUTH, Georgia - Wegener Corporation (Nasdaq: WGNR) a leading provider of satellite transmission solutions for broadcast and cable television networks worldwide, today announced financial results for the fourth quarter and the fiscal year ended August 31, 2001.

For the fourth quarter of fiscal 2001 the company showed strong improvement reporting revenues of $6.2 million compared to revenues of $4.1 million for the final three months of fiscal 2000. Results for the quarter were net earnings of $270,000, or $0.02 per share, compared to a net loss of $1.6 million, or $(0.13) per share, for the three months ended September 1, 2000. Revenues for fiscal year 2001 were $20.3 million, with a net loss of $2.0 million, or $(0.17) per share. Revenues for fiscal 2000 were $22.9 million, with a net loss of $3.3 million or $(0.28) per share.

The backlog on August 31, 2001 stood at $19.0 million compared to $9.2 million at September 1, 2000. The August 31, 2001 backlog includes $15.9 million scheduled to ship during fiscal 2002.

"We are pleased with our fourth quarter results and with the strong backlog that we have going into fiscal 2002," said Robert A. Placek, chairman and chief executive officer of Wegener Corporation. "Our focus on research and development has yielded products that we believe will continue to expand our backlog and increase revenues going forward."

"The company had a healthy fourth quarter and we are on track to continue this trend in our new fiscal year," said Keith N. Smith, president of Wegener Communications. "We have restructured our company, moving most of our manufacturing offshore. This has two positive effects. We are now able to post a profit at lower revenue numbers, and we are able to focus on what we do best designing innovative communication products. Fiscal 2002 is starting off well."

Wegener Communications is an international provider of digital solutions for IP data, video and audio networks. Applications include IP data delivery, broadcast television, cable television, radio networks, business television, distance education, business music, satellite paging and financial information distribution. COMPEL, Wegener's patented network control system provides networks with unparalleled ability to regionalize programming and commercials through total receiver control. COMPEL network control capability is integrated into Wegener digital satellite receivers. Wegener Communications can be reached at +1.770.814.4000 or on the World Wide Web at www.wegener.com.

COMPEL, ENVOY, UNITY, UNITY·IP and iPump are trademarks of Wegener Communications, Inc. All Rights Reserved.

This news release contains statements which may be forward looking within the meaning of applicable securities laws, including the Private Securities Litigation Reform of 1995. The statements are based upon the Company's current expectations and assumptions, which are subject to a number of risks and uncertainties including, but not limited to: customer acceptance and effectiveness of recently introduced UNITY digital video products, development of additional business for the Wegener digital and analog video and audio transmission product lines, effectiveness of the revitalized international sales organization and the successful development and introduction of new products in the future. The Company intends that such forward-looking statements are subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected or inferred results.