Antenna Products/Phazar Corp. (ANTP)

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sidenote* Antenna Products Corporation has approximately $2,000,000 in cash and 90-day Certificates of Deposit to fund its operations.

In addition, Antenna Products Corporation has an available, unused $1,000,000 line of credit from its bank that it may draw upon to fund operations, if necessary. Antenna Products Corporation has not had to draw down on the line of credit to assist in funding its operations for over two years.

We believe that Antenna Products has more than sufficient cash on hand to fund its current operations.