SSET Announces Nasdaq Letter

Apr 16, 2001, 01:00 ET from SSE Telecom, Inc.

    FREMONT, Calif., April 16 /PRNewswire/ -- SSE Telecom, Inc. (Nasdaq: SSET)
 disclosed today that on April 10, 2001 it received a Nasdaq Staff
 Determination letter indicating that the Company no longer complies with the
 Market Value of Public Float requirement for continued listing set forth in
 Marketplace Rule 4450(a)(2), and that its common stock is, therefore, subject
 to delisting from The Nasdaq National Market.
     The Company is appealing this determination by immediately requesting a
 hearing before a Nasdaq Listing Qualifications Panel. The date for the hearing
 has not yet been established. The Company has been advised that Nasdaq will
 not take any action to delist its common stock pending the conclusion of that
 hearing. There can be no assurance the Panel will grant the Company's request
 for continued listing on The Nasdaq National Market. If necessary, the Company
 would apply to have its common stock quoted on The Nasdaq SmallCap Market, the
 OTC Bulletin Board or another quotation system or exchange on which the
 Company would qualify.
 
     About SSET
     Headquartered in Fremont, California, SSE Telecom, Inc. is a leading
 satellite earth station equipment supplier. The Company provides digital
 satellite communications solutions worldwide. The iP3 gateway from SSET
 enables system integrators, service providers and global enterprises to
 leverage a satellite's unique capabilities to quickly deploy reliable,
 revenue-enhancing, mission-critical IP-based services anywhere in the world.
 SSET can be contacted at 510-657-7552 and the company's web site is at
 www.sset.com.
 
     The statements contained in this release which are not historical facts
 including the prospects of the iP3 product line may be deemed to contain
 forward-looking statements that involve risks and uncertainties. Actual events
 could differ from those anticipated in these forward-looking statements as a
 result of numerous factors, including, without limitation, demand and
 competition for the Company's products, and other risks or uncertainties
 detailed in the Company's Securities and Exchange Commission filings.
 
 

SOURCE SSE Telecom, Inc.
    FREMONT, Calif., April 16 /PRNewswire/ -- SSE Telecom, Inc. (Nasdaq: SSET)
 disclosed today that on April 10, 2001 it received a Nasdaq Staff
 Determination letter indicating that the Company no longer complies with the
 Market Value of Public Float requirement for continued listing set forth in
 Marketplace Rule 4450(a)(2), and that its common stock is, therefore, subject
 to delisting from The Nasdaq National Market.
     The Company is appealing this determination by immediately requesting a
 hearing before a Nasdaq Listing Qualifications Panel. The date for the hearing
 has not yet been established. The Company has been advised that Nasdaq will
 not take any action to delist its common stock pending the conclusion of that
 hearing. There can be no assurance the Panel will grant the Company's request
 for continued listing on The Nasdaq National Market. If necessary, the Company
 would apply to have its common stock quoted on The Nasdaq SmallCap Market, the
 OTC Bulletin Board or another quotation system or exchange on which the
 Company would qualify.
 
     About SSET
     Headquartered in Fremont, California, SSE Telecom, Inc. is a leading
 satellite earth station equipment supplier. The Company provides digital
 satellite communications solutions worldwide. The iP3 gateway from SSET
 enables system integrators, service providers and global enterprises to
 leverage a satellite's unique capabilities to quickly deploy reliable,
 revenue-enhancing, mission-critical IP-based services anywhere in the world.
 SSET can be contacted at 510-657-7552 and the company's web site is at
 www.sset.com.
 
     The statements contained in this release which are not historical facts
 including the prospects of the iP3 product line may be deemed to contain
 forward-looking statements that involve risks and uncertainties. Actual events
 could differ from those anticipated in these forward-looking statements as a
 result of numerous factors, including, without limitation, demand and
 competition for the Company's products, and other risks or uncertainties
 detailed in the Company's Securities and Exchange Commission filings.
 
 SOURCE  SSE Telecom, Inc.