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California Amplifier Names Richard K. Vitelle Chief Financial Officer

07/24/01
Camarillo, CA - July 24, 2001 -- California Amplifier Inc. (Nasdaq: CAMP) today named Richard K. Vitelle (47) as Vice President Finance, Chief Financial Officer and Corporate Secretary. Mr. Vitelle has extensive experience in corporate finance and public accounting and most recently served as Vice President Finance, Chief Financial Officer and Corporate Secretary at SMTEK International, Inc., a provider of high technology electronics manufacturing services.

 

Earlier in his career, Mr. Vitelle has served as Chief Financial Officer of both InVitro International and Chapin Medical Company, and he was also a Senior Manager with Price Waterhouse. He holds a B.S. in Business Administration from California State Polytechnic University at Pomona, an M.B.A. from the University of California at Los Angeles and is a Certified Public Accountant.

"Rick is an important and timely addition to the California Amplifier team," said Fred Sturm, Chief Executive Officer. "His strong background in finance and electronics manufacturing operations will be instrumental as we focus on positioning the Company in our dynamic and evolving markets."

California Amplifier designs, markets and manufactures a broad line of integrated microwave fixed point solutions used primarily in conjunction with satellite video and terrestrial broadband applications. The Company's wireless access business unit designs and markets integrated reception and two-way transmission fixed wireless solutions for video, voice, data, telephony and networking applications. The satellite business unit designs and markets reception components for the worldwide DBS television market as well as a full line of consumer and commercial products for video and data reception. Micro Pulse, a consolidated 50.5% ownership investment, designs, markets and manufactures antennas for a broad range of wireless applications. California Amplifier is an ISO 9001 certified Company. For additional information, visit California Amplifier's web site at www.calamp.com.

Forward looking statements in this press release which include, without limitation, statements relating to the Company's plans, strategies, objectives, expectations, intentions, projections and other information regarding future performance, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believes," "anticipates," "expects," and similar expressions are intended to identify forward-looking statements. These forward-looking statements reflect the Company's current views with respect to future events and financial performance and are subject to certain risks and uncertainties, including, without limitation, product demand, market growth, new competition, competitive pricing and continued pricing declines in the DBS market, supplier constraints, manufacturing yields, meeting demand with multiple facilities, timing and market acceptance of new product introductions, new technologies, and other risks and uncertainties that are detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission, copies of which may be obtained from the Company upon request. Such risks and uncertainties could cause actual results to differ materially from historical results or those anticipated. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be attained. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information, contact:
Greg Dare Manager, Marketing Communications
California Amplifier, Inc.
(805) 987-9000

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