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