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Wireless Telecom Group Announces Second Quarter Financial Results Including Revenue Growth Of 18%

Wireless Telecom Group, Inc. (NYSE Amex: WTT) announced today results for the second quarter and six months ended June 30, 2010.

For the quarter ended June 30, 2010, the Company reported net sales from continuing operations of $6,081,000, compared to $5,156,000 for the same period in 2009, an increase of 18%.

The Company also reported net income from continuing operations of $298,000 or $0.01 per diluted share for the second quarter of 2010, compared to a net loss of $(198,000), or $(0.01) per diluted share, for the second quarter of 2009.

For the six months ended June 30, 2010, the Company reported net sales from continuing operations of $12,218,000, compared to $10,684,000 for the same period in 2009, an increase of 14%.

For the first six months of 2010, the Company reported net income from continuing operations of $619,000, or $0.02 per diluted share, compared to a net loss of $(422,000), or $(0.02) per diluted share, for the same period of 2009.

For the quarter ended June 30, 2010, the Company reported a net loss from discontinued operations of $(458,000) or $(0.02) per diluted share, compared to net income of $121,000, or $0.00 per diluted share, for the second quarter of 2009. The loss in 2010 from discontinued operations consists of an operating loss of $(637,000), or $(0.03) per diluted share and an adjustment of $179,000, or $0.01 per diluted share, which reflects a change in the estimated fair value and cost to dispose of the net assets of Willtek Communications, GmbH.

For the six months ended June 30, 2010, the Company reported a net loss from discontinued operations of $(1,743,000) or $(0.07) per diluted share, compared to net income of $58,000, or $0.00 per diluted share, for the same period of 2009. The six month loss in 2010 from discontinued operations consists of an operating loss of $(1,312,000), or $(0.05) per diluted share and an adjustment of $(431,000), 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.

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