Radyne ComStream's Registration Statement on Form S-3 is Declared Effective by SEC PHOENIX, April 8 /PRNewswire-FirstCall/ -- Radyne ComStream Inc. (Nasdaq: RADN; Warrants: RADNW) today announced that its resale registration statement on Form S-3 has been declared effective by the U.S. Securities and Exchange Commission (the "SEC"). The registration statement covers 9,676,800 shares of the Company's common stock transferred in a recent private transaction between subsidiaries of Singapore Technologies Pte Ltd and a group of over 40 institutional and accredited investors. The private placement closed on February 19, 2004. Additional information regarding the private placement can be found on the Company's website and in theCompany's filings with the SEC. This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Radyne ComStream Inc., nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. About Radyne ComStream Radyne ComStream designs, manufactures, sells, integrates and installs products, systems and software used for the transmission and reception of data and video over satellite, microwave and cable communication networks. The company, through the Tiernan subsidiary (http://www.tiernan.com/), is a supplier of HDTV and SDTV encoding and transmission equipment. The Armer subsidiary (http://www.armercom.com/) provides innovative solutions for the integration and installation of turnkey communications systems. The company has offices in the U.S. located in Phoenix and San Diego, and internationally in Singapore, Beijing, Jakarta and London. The company also has sales and/or service centers in Sao Paulo, Bangalore, Shanghai and Moscow. For more information visit our web site at http://www.radn.com/. For more information, please contact: Garry Kline, V.P. and Interim Chief Financial Officer, Radyne ComStream, +1-602-437-9620 Safe Harbor Paragraph for Forward-Looking Statements This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act") and Radyne ComStream claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," "intends" or "anticipates," and do not reflect historical facts. Factors that may affect forward-looking statements and the Company's business generally include but are not limited to: * Prospects of the international markets and global economy given that Radyne ComStream depends heavily on international sales. * Unanticipated technical problems relating to Radyne ComStream's products. * Radyne ComStream's ability, or lack thereof, to make, market, and sell optical networking products that meet with market approval and acceptance. * The greater financial, technical, and other resources of Radyne ComStream's larger competitors in the marketplace. * Changes in market conditions, new business opportunities, or other factors that might affect Radyne ComStream's decisions as to the best interests of its shareholders. * A downturn in the evolving telecommunications and Internet industries. * Risk factors and cautionary statements made in Radyne ComStream's Annual Report on Form 10-K for the period ended December 31, 2003. * The effect that acts of international terrorism may have on Radyne ComStream's ability to ship products abroad. * Other factors that Radyne ComStream is currently unable to identify or quantify, but may exist in the future. Forward-looking statements speak only as of the date the statement was made. Radyne ComStream does not undertake and specifically declines any obligation to update any forward-looking statements. DATASOURCE: Radyne ComStream CONTACT: Garry Kline, V.P. and Interim Chief Financial Officer of Radyne ComStream, +1-602-437-9620 Web site: http://www.tiernan.com/ Web site: http://www.armercom.com/ Web site: http://www.radn.com/

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