WEGENER
NAMES PHYLIS EAGLE-OLDSON TO BOARD OF DIRECTORS
(January 20, 2004) - DULUTH, Georgia – WEGENER
Corporation (Nasdaq: WGNR) a leading provider of satellite transmission
solutions for broadcast and cable television networks worldwide, today
announced that Ms. Phylis Eagle-Oldson has joined the Company’s
board of directors. Ms. Eagle-Oldson was elected at WEGENER’s
board meeting today, increasing WEGENER’s board to seven members.
“Phylis is a wonderful addition to the board,” said WEGENER
Chairman and CEO Robert A. Placek. “She has had a distinguished
career and we are looking forward to the financial and industry expertise
that she brings from her nearly 20 years of experience with the National
Cable and Telecommunications Association.”
“It is an honor to serve on the WEGENER Board of Directors. Their
long-standing presence in the cable and satellite markets is outstanding
and I look forward to being part of the company as it grows to meet
the changing demands of this dynamic market,” adds Ms. Eagle-Oldson.
Currently, Ms. Eagle-Oldson is the President and CEO of Emma L. Bowen
Foundation, a media-industry sponsored initiative to develop diversity
within the telecommunications industry. From 1980 to 1999, she was with
the National Cable and Telecommunications Association (NCTA), serving
as its Vice President, Administration and Finance from 1985 to 1999.
Ms. Eagle-Oldson is an “independent” board member under
Nasdaq rules, and with her election as a director, a majority of the
company’s board members are independent. Ms. Eagle-Oldson will
also join the audit committee of the board of directors and serve as
the audit committee’s financial expert under both SEC and Nasdaq
rules.
About WEGENER Corporation
WEGENER Corporation, through its subsidiary 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, MEDIAPLAN, ENVOY, UNITY, 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
Act of 1995. The statements may include projections regarding future
sales results, expected contributions to margins and earnings and market
opportunities, and 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, the successful development and introduction of new
products in the future, delays in the conversion by private and broadcast
networks to digital broadcast equipment, acceptance by various networks
of standards for digital broadcasting, general market conditions which
may not improve during fiscal year 2003 and beyond, and success of Wegener's
research and development efforts aimed at developing new products. Discussion
of these and other risks and uncertainties are provided in detail in
the Company's periodic filings with the SEC, including the Form 10-K.
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.
Forward-looking statements speak only as of the date the statement was
made. Wegener Corporation does not undertake and specifically disclaims
any obligation to update any forward-looking statements.