EX-99.1
3
pr120808.htm
pr120808.htm
EXHIBIT
99.1
FOR
IMMEDIATE RELEASE:
Contact
Gary
Berger
847-391-9400
ISCO
INTERNATIONAL, INC. REPORTS SALE OF CLARITY COMMUNICATION SYSTEMS
INC.
ELK GROVE
VILLAGE, Ill., December 8, 2008 - ISCO International, Inc. (AMEX: ISO) today
announced the sale of all of the common stock of its wholly-owned subsidiary,
Clarity Communication Systems Inc, to TAA Group Inc. Clarity's operations and
assets constituted the software segment of ISCO International's business. The
purchase price consists of: (i) cash payments totaling $325,000; (ii) a deferred
payment of $175,000 to be made by TAA on or after March 5, 2009; and (iii) a
percentage of future revenues of Clarity in an amount up to $5,000,000. ISCO
International may elect to take equity in TAA or one of its affiliates in lieu
of the $175,000 payment. As a result of this transaction, ISCO International's
management expects to be able to focus its efforts and resources on the success
of the hardware business.
About
ISCO International, Inc.
ISCO
International (www.iscointl.com) is a wireless telecommunications solutions
provider and global supplier of radio frequency management and "spectrum
conditioning" solutions for wireless carriers. ISCO International's solutions
include adaptive interference management and radio frequency spectrum
conditioning for all wireless technologies.
Forward-looking
statements
Except
for historical information contained in this news release, the matters discussed
are forward-looking statements that involve risks and uncertainties. Words such
as "anticipate", "believe", "estimate", "expect", "intend", and similar
expressions identify forward-looking statements. These statements reflect
management's current beliefs and are based on information currently available.
Accordingly, these statements are subject to certain risks, uncertainties and
contingencies, which could cause ISCO International's actual results,
performance or achievements to differ materially from those expressed in, or
implied by, such statements. These factors include, among others, the following:
market acceptance of the technology; the spending patterns of wireless network
operators; the need and ability to obtain additional financing and/or refinance
existing debt; the lack of assurance that its earnings will be sufficient to
cover fixed charges in the future; uncertainty about the ability to compete
effectively against competitors and to withstand downturns in business or the
economy; the timing and receipt of customer orders; the ability to attract and
retain key personnel; the ability to protect intellectual property; the risks of
foreign operations and the risks of legal proceedings. A more complete
description of these risks, uncertainties and assumptions is included in ISCO
International's filings with the Securities and Exchange Commission. You should
not place undue reliance on any forward-looking statements. ISCO International
does not undertake any obligation to update such forward-looking
statements.

EX - 99 . 1 3 pr120808 . htm pr120808 . htm EXHIBIT 99 . 1 FOR IMMEDIATE RELEASE : Contact Gary Berger 847 - 391 - 9400 ISCO INTERNATIONAL , INC . REPORTS SALE OF CLARITY COMMUNICATION SYSTEMS INC . ELK GROVE VILLAGE , Ill . , December 8 , 2008 - ISCO International , Inc . ( AMEX : ISO ) today announced the sale of all of the common stock of its wholly - owned subsidiary , Clarity Communication Systems Inc , to TAA Group Inc . Clarity 's operations and assets constituted the software segment of ISCO International 's business . The purchase price consists of : ( i ) cash payments totaling $ 325,000 ; ( ii ) a deferred payment of $ 175,000 to be made by TAA on or after March 5 , 2009 ; and ( iii ) a percentage of future revenues of Clarity in an amount up to $ 5,000,000 . ISCO International may elect to take equity in TAA or one of its affiliates in lieu of the $ 175,000 payment . As a result of this transaction , ISCO International 's management expects to be able to focus its efforts and resources on the success of the hardware business . About ISCO International , Inc . ISCO International ( www.iscointl.com ) is a wireless telecommunications solutions provider and global supplier of radio frequency management and " spectrum conditioning " solutions for wireless carriers . ISCO International 's solutions include adaptive interference management and radio frequency spectrum conditioning for all wireless technologies . Forward - looking statements Except for historical information contained in this news release , the matters discussed are forward - looking statements that involve risks and uncertainties . Words such as " anticipate " , " believe " , " estimate " , " expect " , " intend " , and similar expressions identify forward - looking statements . These statements reflect management 's current beliefs and are based on information currently available . Accordingly , these statements are subject to certain risks , uncertainties and contingencies , which could cause ISCO International 's actual results , performance or achievements to differ materially from those expressed in , or implied by , such statements . These factors include , among others , the following : market acceptance of the technology ; the spending patterns of wireless network operators ; the need and ability to obtain additional financing and / or refinance existing debt ; the lack of assurance that its earnings will be sufficient to cover fixed charges in the future ; uncertainty about the ability to compete effectively against competitors and to withstand downturns in business or the economy ; the timing and receipt of customer orders ; the ability to attract and retain key personnel ; the ability to protect intellectual property ; the risks of foreign operations and the risks of legal proceedings . A more complete description of these risks , uncertainties and assumptions is included in ISCO International 's filings with the Securities and Exchange Commission . You should not place undue reliance on any forward - looking statements . ISCO International does not undertake any obligation to update such forward - looking statements .
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