EX-99.1
4
a08-7118_1ex99d1.htm
EX-99.1
EXHIBIT
99.1
Contact:
Jacob Inbar
President and Chief
Executive Officer,
(805) 388-1345, Ext.
201
FOR IMMEDIATE RELEASE
AML COMMUNICATIONS ACQUIRES 100% of MICA-TECH
Mica-Tech to operate as a wholly owned subsidiary
CAMARILLO, California - February 26, 2008
AML Communications, Inc. (AMLJ.OB) ("The Company")
announced today it acquired all outstanding shares of Mica-Tech, Inc.
Consideration for the acquired shares is in the form of stock options. The
options are performance based, and were issued to Mica-Tech's key employees
stock holders (the 49% balance of Mica-Tech's stock prior to this transaction
was held by Mica-Tech employees).
The Company intends to request at the upcoming annual
shareholders meeting an increase in the current stock option pool by
approximately 1.6 million shares to fund the options mentioned above.
The decision to acquire the balance of the Mica-Tech
shares was based on a need to prepare its operations for entering the Demand
Response market.
AML's management sees the opportunity
presented to Mica-Tech as an opportunity for AML shareholders. As such, steps
are being taken to bolster Mica-Tech's financial and management structure while
the company pursues its stated strategy.
For more about Demand Response, please visit the
Mica-Tech website located at http://www.mica-tech.com/
AML Communications is a designer, manufacturer, and
marketer of amplifiers and integrated assemblies that address the Defense
Electronic Warfare Markets. The Company's Web site is located at http://www.amlj.com.
This press release
contains forward-looking statements made in reliance upon the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are
not limited to, the Company's views on future profitability, commercial
revenues, market growth, capital requirements, new product introductions, and
are generally identified by words such as "thinks", "anticipates,"
"believes", "estimates", "expects", "intends", "plans,", "schedules", and similar words. Forward-looking statements are not guarantees
of future performance and are inherently subject to uncertainties and other
factors which could cause actual results to differ materially from the
forward-looking statements. These factors and uncertainties include: reductions
or cancellations in orders from new or existing customers; success in the
design of new products; the opportunity for future orders from domestic and
international customers including, in particular defense customers; general
economic conditions; the limited number of potential customers; variability in
gross margins on new products; inability to deliver products as forecast;
failure to acquire new customers; continued or new deterioration of business and
economic conditions in the wireless communications industry; and intensely
competitive industry conditions with increasing price competition. The Company refers
interested persons to its most recent Annual Report on Form 10-KSB and its
other SEC filings for a description of additional uncertainties and factors
that may affect forward-looking statements. Forward-looking statements are
based on information presently available to senior management, and the Company
has not assumed any duty to update its forward-looking statements.

EX - 99 . 1 4 a08 - 7118 _ 1ex99d1 . htm EX - 99 . 1 EXHIBIT 99 . 1 Contact : Jacob Inbar President and Chief Executive Officer , ( 805 ) 388 - 1345 , Ext . 201 FOR IMMEDIATE RELEASE AML COMMUNICATIONS ACQUIRES 100 % of MICA - TECH Mica - Tech to operate as a wholly owned subsidiary CAMARILLO , California - February 26 , 2008 AML Communications , Inc . ( AMLJ . OB ) ( " The Company " ) announced today it acquired all outstanding shares of Mica - Tech , Inc . Consideration for the acquired shares is in the form of stock options . The options are performance based , and were issued to Mica - Tech 's key employees stock holders ( the 49 % balance of Mica - Tech 's stock prior to this transaction was held by Mica - Tech employees ) . The Company intends to request at the upcoming annual shareholders meeting an increase in the current stock option pool by approximately 1 . 6 million shares to fund the options mentioned above . The decision to acquire the balance of the Mica - Tech shares was based on a need to prepare its operations for entering the Demand Response market . AML 's management sees the opportunity presented to Mica - Tech as an opportunity for AML shareholders . As such , steps are being taken to bolster Mica - Tech ' s financial and management structure while the company pursues its stated strategy . For more about Demand Response , please visit the Mica - Tech website located at http://www.mica-tech.com/ AML Communications is a designer , manufacturer , and marketer of amplifiers and integrated assemblies that address the Defense Electronic Warfare Markets . The Company 's Web site is located at http://www.amlj.com . This press release contains forward - looking statements made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 . Forward - looking statements include , but are not limited to , the Company 's views on future profitability , commercial revenues , market growth , capital requirements , new product introductions , and are generally identified by words such as " thinks " , " anticipates , " " believes " , " estimates " , " expects " , " intends " , " plans , " , " schedules " , and similar words . Forward - looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward - looking statements . These factors and uncertainties include : reductions or cancellations in orders from new or existing customers ; success in the design of new products ; the opportunity for future orders from domestic and international customers including , in particular defense customers ; general economic conditions ; the limited number of potential customers ; variability in gross margins on new products ; inability to deliver products as forecast ; failure to acquire new customers ; continued or new deterioration of business and economic conditions in the wireless communications industry ; and intensely competitive industry conditions with increasing price competition . The Company refers interested persons to its most recent Annual Report on Form 10 - KSB and its other SEC filings for a description of additional uncertainties and factors that may affect forward - looking statements . Forward - looking statements are based on information presently available to senior management , and the Company has not assumed any duty to update its forward - looking statements .
O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O B-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY O O O O B-Parties.ACQUIRED_COMPANY I-Parties.ACQUIRED_COMPANY I-Parties.ACQUIRED_COMPANY I-Parties.ACQUIRED_COMPANY I-Parties.ACQUIRED_COMPANY I-Parties.ACQUIRED_COMPANY O O O O O O O O O O O O O O O B-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY O O O O O O O O O O O O O O O O O O O B-Parties.ACQUIRED_COMPANY I-Parties.ACQUIRED_COMPANY I-Parties.ACQUIRED_COMPANY I-Parties.ACQUIRED_COMPANY I-Parties.ACQUIRED_COMPANY I-Parties.ACQUIRED_COMPANY O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O