WEGENER REPORTS RESULTS FOR SECOND QUARTER OF FISCAL 2004

( April 7, 2004 ) - DULUTH, Georgia - WEGENER Corporation (Nasdaq: WGNR) a leading provider of networking solutions for broadcast, cable and enterprise television networks worldwide, today announced financial results for the second quarter ended February 27, 2004.

Second quarter revenues were $4.7 million and the Company incurred a net loss of $655,000, or $(0.05) per share. Revenues for the second quarter of fiscal 2003 were $5.2 million, with net earnings of $117,000, or $0.01 per share. WEGENER's eighteen month backlog on February 27, 2004 , was $13.9 million. Total backlog at quarter-end was $22.8 million.

Revenues for the first six months of fiscal 2004 were $9.5 million, with a net loss of $1.1 million or $(0.09) per share compared to revenues of $9.2 million and a net loss of $253,000 or $(0.02) per share for the first six months of fiscal 2003.

“We remain focused on reaching our stated goal of returning to profitability in the second half of the fiscal year. While visibility into the timing of new orders remains somewhat limited, we believe improved operating results will be realized primarily during the fourth quarter,” said Robert Placek, president and CEO of WEGENER.

Mr. Placek adds, “During the second quarter, we received a strategically important order for our iPump™ Media Servers. This is a milestone in our strategic plan for the iPump™ product line; however, we are not yet in a position to disclose more information regarding the order because of the extremely competitive nature of our customer's business.”

For advanced control of the iPump™ Media Servers, WEGENER recently released MediaPlan ® Content Management System (MediaPlan CM). Mr. Placek continues, “We recognize that our customers require a way to track and control iPump™ Media Servers from a central location and MediaPlan CM enables them to carry out their daily operations. With the addition of MediaPlan CM, Wegener now provides a powerful end-to-end system for content ingest, management, delivery, control, and monitoring. We believe the addition of MediaPlan CM to our product offerings will lead to increased sales of iPump™ Media Servers.”

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, 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 Act of 1995. The statements include projections regarding future sales results, expected contributions to revenues and earnings from our established products and our new line of products just reaching the marketplace 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 products, development of additional business for the WEGENER digital and analog video and audio transmission product lines, effectiveness of the revitalized 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 of various networks of standards for digital broadcasting, general market conditions which may not improve during fiscal year 2004 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.

   

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