Five and Under

[sweetpepperjam]

FYI...... CNLG -- Conolog Corp.

Conolog Reports Record Nine-Month Earnings, 48% Increase Over Last Year


-- Record Nine Months Earnings of $0.33 Per Share --

SOMERVILLE, N.J., Jun 8, 2001 (BUSINESS WIRE) -- Conolog Corporation (NASDAQ: CNLG, CNLGW) announced today that it has reported record revenues of $6,054,445 for the nine months ended April 30, 2001, a 48% increase over the revenues reported for the same period last year of $4,094,057.
The Company also reported a record 527% increase in net income for the nine months ended April 30, 2001 of $726,321 versus a net income of $137,722 for the same period last year. Record earnings for that period are $0.33 per share or 10% higher than projected in May 2001, compared to $.02 reported for the nine months ended April 30, 2000.

Conolog President, Marc Benou, stated, "The third quarter results are ahead of projections and reflect on all areas of our business. Our goal is to continue to explore potential partnerships and extend the reach of our products and services."



About Conolog Corporation:

Conolog Corporation provides engineering and design services, technical personnel placement, and computer maintenance services to a variety of industries, government organizations, and public utilities nationwide. The Company's INIVEN division manufactures a line of digital signal processing systems, including transmitters, receivers and multiplexers.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products introduced by competitors, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.



CONTACT: Conolog Corporation
Marc Benou
908/722-8081
www.conolog.com
or
National Financial Network
Geoffrey Eiten, Investor Relations
781/444-6100 or 877/385-0977, ext. 613
[e-mail]
www.nfnonline.com/cnlg

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KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
GOVERNMENT
MANUFACTURING
EARNINGS

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