Wireless Telecom Group Announces First Quarter Financial Results
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Monday, May 17, 2010

Wireless Telecom Group Announces First Quarter Financial Results

May 17, 2010

PARSIPPANY, N.J.--(BUSINESS WIRE)--Wireless Telecom Group, Inc. (NYSE Amex: WTT) announced today results for the first quarter ended March 31, 2010.

For the quarter ended March 31, 2010, the Company reported net sales from continuing operations of $6,137,000, compared to $5,528,000 for the same period in 2009, an increase of 11%.

The Company also reported net income from continuing operations of $320,000 or $0.01 per diluted share for the first quarter of 2010, compared to a net loss of $(223,000), or $(0.01) per diluted share, for the first quarter of 2009.

For the quarter ended March 31, 2010, the Company reported a net loss from discontinued operations of $(1,284,000) or $(0.05) per diluted share, compared to a net loss of $(63,000), or $(0.00) per diluted share, for the first quarter of 2009. The loss in 2010 from discontinued operations consists of an operating loss of $(675,000), or $(0.03) per diluted share and an additional loss of $(609,000), or $(0.02) per diluted share, which reflects a change in the estimated fair value and cost to dispose of the net assets of Willtek Communications, GmbH.

Paul Genova, CEO of Wireless Telecom Group, Inc. stated "The first quarter of 2010 reflected an improved level of sales and an increase in our order backlog. Coupled with efforts to reduce costs in 2010, the Company reported improving results for the first quarter of 2010 over the previous year's first quarter."

Stated Genova, "With the completion of the sale of Willtek on May 7, 2010, we intend to focus our efforts and utilize our cash resources to grow our core business, expand our customer and product base and provide further improvement to shareholder value."

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