JOHNS CREEK, GA — (Marketwire) — 11/19/12 — Wegener Corporation (OTCQB: WGNR) (the “Company”), a provider of equipment for digital signage, television, audio, and data distribution networks worldwide, today announced that it will be terminating its registration as a public company.
The Company-s Board of Directors has unanimously determined that termination of the Company-s registration as a public company under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is in the Company-s best interests. The Board reached its determination after a careful analysis of the benefits of public registration versus the significant on-going costs of registration, particularly for smaller registrants such as the Company. Accordingly, the Company will be filing a Certification and Notice of Termination of Registration on Form 15 with the Securities and Exchange Commission (“SEC”) on Monday, November 19, 2012. Upon such filing, the Company-s duty to file any reports required under Section 13(a) of the Exchange Act with the SEC shall be suspended immediately. Official termination of the Company-s registration shall take effect 90 days after such filing, or such shorter period as the SEC may determine.
“We are continuing to pursue all booking opportunities as we seek additional financing for the Company,” stated Troy Woodbury, President and CEO of Wegener Corporation. “We believe there are good domestic and international opportunities for Wegener products and services in the radio, broadcast television, business networks, and digital signage markets. Our goals are to focus on business opportunities and keep a tight control on expenses as we move forward as a non-reporting company.”
WEGENER® (Wegener Communications, Inc.), a wholly-owned subsidiary of Wegener Corporation (OTCQB: WGNR), is an international provider of digital video and audio solutions for broadcast television, radio, telco, private and cable networks. With over 30 years experience in optimizing point-to-multipoint multimedia distribution over satellite, fiber, and IP networks, WEGENER offers a comprehensive product line that handles the scheduling, management and delivery of media rich content to multiple devices, including video screens, computers and audio devices. WEGENER focuses on long- and short-term strategies for bandwidth savings, dynamic advertising, live events and affiliate management.
WEGENER-s product line includes: iPump® media servers for file-based and live broadcasts; COMPEL® Network Control and COMPEL® Conditional Access for dynamic command, monitoring and addressing of multi-site video, audio, and data networks; and the Unity® satellite media receivers for live radio and video broadcasts. Applications served include: digital signage, linear and file-based TV distribution, linear and file-based radio distribution, Nielsen rating information, broadcast news distribution, business music distribution, corporate communications, video and audio simulcasts.
WEGENER® can be reached at (770) 814-4000 or at .
WEGENER is on Twitter. Sign up to follow @WEGENER at .
Ken Leffingwell
Wegener
(770) 814-4040
Email:
Jim Traicoff
Investor Relations
Wegener
(770) 814-4000
FAX (770) 623-9648
Email:
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