SOMERVILLE, N.J., May 23 /PRNewswire-FirstCall/ -- Conolog Corporation , an engineering and design company that provides digital signal processing solutions to global electric utilities, announced today that for the month of April 2008, the Company received a total of $381,000 in new orders and shareholder approval for a one-for-four reverse split of the Corporation's common shares.
Chairman of Conolog Robert Benou stated, "Our products continue to confirm market acceptance and we welcome new and existing customers to our product offerings. The Company will continue to expand its marketing efforts and is focused on expanding sales, product applications, related software and production capacity throughout 2008."
Benou added that at a Special Meeting of the Company's shareholders held on May 21, 2008, the Company's shareholders approved a proposed amendment to the Company's certificate of incorporation to effect a one-for-four reverse split of the Company's common stock which was subsequently approved by the Company's Board of Directors.
About Conolog Corporation
Conolog Corporation is a provider of digital signal processing and digital security solutions to electric utilities worldwide. The Company designs and manufactures electromagnetic products to the military and provides engineering and design services to a variety of industries, government organizations and public utilities nationwide. The Company's INIVEN division manufactures a line of digital signal processing systems, including transmitters, receivers and multiplexers.
Contact: Conolog Corporation: Robert Benou, Chairman, 908/722-8081
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products introduced by competitors, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. There can be no assurance that utilities will purchase any of our systems.
