Optelecom-NKF Creates European Holding Company; Pays Off Line of Credit; Extends Financing Term on Bank Loan

GERMANTOWN, Md. , July 1 /PRNewswire-FirstCall/ -- Optelecom-NKF, Inc. (Nasdaq: OPTC) today announced it has reorganized its international legal structure, fully paid off its outstanding line of credit and extended the term of its bank loan...


The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include, among others: the ability of Optelecom-NKF to successfully operate its global business; the ability of the Company to develop and market network video products and solutions for the traffic monitoring, transportation security, commercial and industrial and government markets; lack of reliable vendors, service providers, and outside products; unforeseen changes in competing technologies and products; worldwide economic variances; poor or delayed research and development results; disparities between forecast and realized sales results; effective tax rates, deferred tax assets and timing and amounts of tax payments; and the results of any audit or appeal process with the Internal Revenue Service. Other important factors that could cause actual results to differ materially are included but are not limited to those listed in Optelecom-NKF's periodic reports and registration statements filed with the Securities and Exchange Commission. Optelecom-NKF does not assume any obligation to update information concerning its expectations.

Investor inquiries should be directed to Mr. Rick Alpert at +1 301-948-7872.

SOURCE Optelecom-NKF, Inc.