Telecommunications Products Inc (fka TCPD)

[ToshacH]

Telecommunication Products to Acquire $3.6 Million Cable Operator Eagle West Communications Inc.

2004-03-01 06:30 ET - News Release

BEVERLY HILLS, Calif., March 1 /PRNewswire-FirstCall/ -- Telecommunication Products, Inc. (BULLETIN BOARD: TCPD) ("Telpro"), a provider of video-on- demand and digital programming services, announced today that the offer submitted has been accepted for the acquisition of Eagle West. With annual revenues of $3.6 million, Eagle West owns and operates cable television systems serving certain communities in Arizona and Nevada. Telpro expects to close on the acquisition in April 2004. Pursuant to the close of the acquisition, Telpro plans to market its high-speed Internet services bundled with cable systems acquired through Eagle West, enabling Telpro to significantly build upon its existing revenue streams.

Robert Russell, Chief Executive Officer of Telpro, stated, "The planned acquisition of Eagle West is part of our strategy to drive long-term shareholder value through the acquisition of accretive and strategic firms. Eagle West contributes a strong sales pipeline to Telpro, and should further our market presence for the delivery of high-speed Internet services bundled along with digital cable and programming in the United States. With Eagle West's existing equipment and customer base, we can scale up our business in the United States, while controlling costs and allowing us to accelerate our time to profitability."

Consumer interest in bundled telecommunications and entertainment services from one provider is very high, according to research firm Horowitz Associates, Inc. Horowitz stated that bundling offers the means to obtain incremental revenue at prices consumers can afford. Russell added, "Bundled services represents a new, high-growth opportunity for Telpro. We look forward to fully capitalizing upon this multi-million dollar industry upon the close of our acquisition."

About Telecommunication Products, Inc.

Telecommunication Products, Inc. ("Telpro"), headquartered in Beverly Hills, is a provider of video-on-demand and pay-per-view services to the hospitality industry. The Company is also currently marketing hi speed Internet access products, including high end wi-fi. Telpro is committed to delivering the next generation of interactive communication services to its growing database of clients. For additional information, please see http://www.tellapro.com/ or for Investor Relations go to: http://www.otcfn.com/tcpd.

This press release contains forward-looking statements, involving risks and uncertainties including statements regarding the Company's financial performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Information with respect to important factors that should be considered is contained in the Company's Annual Report on Form 10-KSB as filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

For more information, contact:
Geoffrey Eiten
Investor Relations
OTC Financial Network
781-444-6100 ext. 613

Telecommunication Products, Inc.

CONTACT: Geoffrey Eiten, Investor Relations, OTC Financial Network,
[phone] ext. 613

Web site: http://www.tellapro.com/
http://www.otcfn.com/tcpd