UniTek Global Services Announces Public Offering of 6,250,000 Shares of Common Stock

BLUE BELL, Pa., Sept. 14 /PRNewswire-FirstCall/ -- UniTek Global Services, Inc. (the "Company") announced the launch of its public offering of 6,250,000 shares of its common stock. The underwriters of the offering have a 30-day option to purchase up to an additional 937,500 shares of common stock from the Company, on the same terms and conditions, to cover over-allotments, if any. The Company has applied to list its common stock on the NASDAQ Global Market under the symbol "UNTK." All share amounts reflect a one-for-28 reverse split of the common stock that the Company expects to complete upon pricing of the offering.

The Company expects to use the net proceeds from the offering (and the net proceeds from any exercise of the underwriters' option to purchase additional shares of common stock) to repay approximately $51.3 million of indebtedness, with the remaining net proceeds to be used for general corporate purposes, including for working capital to support the execution of the Company's backlog.

Jefferies & Company, Inc. and Roth Capital Partners, LLC will act as book-running managers of the offering.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of such shares of common stock in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A copy of the registration statement can be accessed through the Securities and Exchange Commission's website at www.sec.gov. The offering of these securities will be made only by means of a prospectus, copies of which may be obtained, when available, from Jefferies & Company, Syndicate Prospectus Department, 520 Madison Avenue, 16th Floor, New York, NY, 10022 or by calling (212) 284-2342, or from Roth Capital Partners, 24 Corporate Plaza, Newport Beach, CA 92660 or by calling (949) 720-7227.

About the Company

UniTek Global Services is a provider of engineering, construction management and installation fulfillment services to companies specializing in the telecommunications, broadband cable, wireless and satellite industries. UniTek has created a scalable operating platform, enabling each UniTek subsidiary to deliver quality services to its Fortune 200 customers. UniTek, based in Blue Bell, PA, utilizes a diverse workforce of over 5,200 deployed throughout over 102 locations in the United States and Canada.

Forward Looking Statements

The Company may from time to time make written or oral "Forward-looking statements", including statements contained in this release and in the Company's filings with the Securities and Exchange Commission. These forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, estimates, and intentions that are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond the Company's control. These risks and uncertainties include the risk that the registration statement never becomes effective and we are not able to conduct any offering of securities in connections with the registration statement, as well as other risk factors detailed from time to time in the Company's filings with the Securities and Exchange Commission. The words "may", "could", "should", "would", "believe", "anticipate", "estimate", "expect", "intend", "plan", and similar expressions are intended to identify forward-looking statements. All such statements are made in good faith by the Company pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The Company does not undertake to update any forward looking statement, whether written or oral, which may be made from time to time by or on behalf of the Company, except as may be required by applicable law or regulations.

SOURCE UniTek Global Services, Inc.