Wireless Facilities, Inc. Lands $15.5 Million Dollar Wireless Infrastructure Deal With Leading Global Wireless Carrier
Wireless Facilities, Inc. Lands $15.5 Million Dollar Wireless Infrastructure Deal With Leading Global Wireless Carrier
August 4, 2004 at 12:00 AM EDT
Wireless Facilities, Inc. Lands $15.5 Million Dollar Wireless Infrastructure Deal With Leading Global Wireless CarrierSAN DIEGO, Aug 4, 2004 /PRNewswire-FirstCall via COMTEX/ -- Wireless Facilities, Inc. (Nasdaq: WFII), a global leader in the design, deployment and management of wireless communication networks, technology networks and security systems, today announced that it has been awarded two contracts totaling $15.5 million from a leading global wireless carrier. The first contract involves the deployment of wireless infrastructure sites in Latin America. The second contract is an extension of work based on an existing contract. These contracts include the design, site acquisition, and network deployment of multiple wireless sites. Work is scheduled to be completed by the end of this year. Further terms of the award were not disclosed.
"We are extremely pleased to be awarded this piece of business," said Eric M. DeMarco, President and CEO of WFI. "WFI is continuing to expand its global presence, and today's announcement demonstrates our momentum in international markets and the importance these high-growth areas play. The value proposition that WFI brings to international carriers is our ability to deliver integrated wireless services to local markets, backed by significant international experience and a commitment to quality. I am pleased that global wireless carriers are continuing to trust WFI with their critical network expansion projects."
About Wireless Facilities
Headquartered in San Diego, CA, Wireless Facilities, Inc. is an independent provider of systems engineering, network services and technical outsourcing for the world's largest wireless carriers, enterprise customers and for government agencies. The company provides the design, deployment, integration, and the overall management of wired and wireless networks which deliver voice and data communication, and which support advanced security systems. WFI has performed work in over 100 countries since its founding in 1994. News and information are available at www.wfinet.com.
Notice Regarding Forward-Looking Statements
This news release contains certain forward-looking statements including, without limitation, express or implied statements concerning the Company's expectations regarding future financial performance and market developments that involve risks and uncertainties. Such statements are only predictions, and the Company's actual results may differ materially. Factors that may cause the Company's results to differ include, but are not limited to: changes in the scope or timing of the Company's projects; slowdowns in telecommunications infrastructure spending in the United States and globally, which could delay network deployment and reduce demand for the Company's services; the timing, rescheduling or cancellation of significant customer contracts and agreements, or consolidation by or the loss of key customers; the adoption rate of new wireless data services; financial constraints on our customers that could cause us to write off accounts receivable or terminate contracts; failure to successfully consummate acquisitions or integrate acquired operations; changes in the Company's effective income tax rate; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; the rate of growth of adoption of WLAN and wireless security systems by enterprises; and competition in the marketplace which could reduce revenues and profit margins. The Company undertakes no obligation to update any forward-looking statements. These and other risk factors are more fully discussed in the Company's Annual Report on Form 10-K filed on March 8, 2004 and in other filings made with the Securities and Exchange Commission.
For further information please contact: media, Michael Baehr, Director of Communications, +1-858-228-2799, michael.baehr@wfinet.com, or investors, Rochelle Bold, Senior VP of Corporate Development & Investor Relations, +1-858-228-2649, rochelle.bold@wfinet.com, both of Wireless Facilities, Inc.
SOURCE Wireless Facilities, Inc.
media, Michael Baehr, Director of Communications, +1-858-228-2799, michael.baehr@wfinet.com, or investors, Rochelle Bold, Senior VP of Corporate Development & Investor Relations, +1-858-228-2649, rochelle.bold@wfinet.com, both of Wireless Facilities, Inc.
"We are extremely pleased to be awarded this piece of business," said Eric M. DeMarco, President and CEO of WFI. "WFI is continuing to expand its global presence, and today's announcement demonstrates our momentum in international markets and the importance these high-growth areas play. The value proposition that WFI brings to international carriers is our ability to deliver integrated wireless services to local markets, backed by significant international experience and a commitment to quality. I am pleased that global wireless carriers are continuing to trust WFI with their critical network expansion projects."
About Wireless Facilities
Headquartered in San Diego, CA, Wireless Facilities, Inc. is an independent provider of systems engineering, network services and technical outsourcing for the world's largest wireless carriers, enterprise customers and for government agencies. The company provides the design, deployment, integration, and the overall management of wired and wireless networks which deliver voice and data communication, and which support advanced security systems. WFI has performed work in over 100 countries since its founding in 1994. News and information are available at www.wfinet.com.
Notice Regarding Forward-Looking Statements
This news release contains certain forward-looking statements including, without limitation, express or implied statements concerning the Company's expectations regarding future financial performance and market developments that involve risks and uncertainties. Such statements are only predictions, and the Company's actual results may differ materially. Factors that may cause the Company's results to differ include, but are not limited to: changes in the scope or timing of the Company's projects; slowdowns in telecommunications infrastructure spending in the United States and globally, which could delay network deployment and reduce demand for the Company's services; the timing, rescheduling or cancellation of significant customer contracts and agreements, or consolidation by or the loss of key customers; the adoption rate of new wireless data services; financial constraints on our customers that could cause us to write off accounts receivable or terminate contracts; failure to successfully consummate acquisitions or integrate acquired operations; changes in the Company's effective income tax rate; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; the rate of growth of adoption of WLAN and wireless security systems by enterprises; and competition in the marketplace which could reduce revenues and profit margins. The Company undertakes no obligation to update any forward-looking statements. These and other risk factors are more fully discussed in the Company's Annual Report on Form 10-K filed on March 8, 2004 and in other filings made with the Securities and Exchange Commission.
For further information please contact: media, Michael Baehr, Director of Communications, +1-858-228-2799, michael.baehr@wfinet.com, or investors, Rochelle Bold, Senior VP of Corporate Development & Investor Relations, +1-858-228-2649, rochelle.bold@wfinet.com, both of Wireless Facilities, Inc.
SOURCE Wireless Facilities, Inc.
media, Michael Baehr, Director of Communications, +1-858-228-2799, michael.baehr@wfinet.com, or investors, Rochelle Bold, Senior VP of Corporate Development & Investor Relations, +1-858-228-2649, rochelle.bold@wfinet.com, both of Wireless Facilities, Inc.