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Bill Kosoff For Immediate Release Telenetics® Announces Major Order LAKE FOREST, California January 30, 2003 Telenetics Corporation (OTC-BB: TLNT), a provider of wired and wireless data communications products for customers worldwide, announced this week the receipt of a 500 unit order for its CDMA (digital) Omega wireless communications products that will provide Automated Meter Reading (AMR) capabilities for a major electric power utility serving portions of Southern California. This is the first of two anticipated orders that will deploy over 1,000 of the Omega series products for two time-critical utility projects. All units in this first order are to be delivered by the end of the second quarter of 2003. The Omega series product is designed for use with the latest CDMA (digital) cellular networks and will initially provide circuit switched data communication. Packet switching will be an option later this year when the local CDMA cellular service provider adds that capability to their network. Telenetics Vice President of Worldwide Sales, Bill Kosoff stated: "This order is the first of what we believe will be many that will result from our expansion into state-of-the-art digital communications solutions for commercial and industrial applications. Telenetics has been a wireless industry leader in AMR solutions with its analog cellular Omega series products, including the deployment of over fifteen thousand units at Duquesne Light in Pittsburgh. However, we believe that utilities have been delaying their purchases, to see what digital technology would become the standard for North American public access. CDMA has emerged as the clear choice, providing reliable digital connectivity and Internet access nationwide." "While Telenetics has not seen significant revenue from this market area since 1999, we continue to believe in the growth potential for communications solutions using the public cellular networks. Now that some of the uncertainty associated with utility deregulation has been reduced and the cellular standards have stabilized, we beleive that market conditions are very positive for acceptance of our digital Omega products. Telenetics is also pursuing Omega enhancements to broaden its applicability to other worldwide market opportunities." ABOUT TELENETICS Based in Lake Forest, California, Telenetics designs, manufactures and distributes wired and wireless data communications products for customers worldwide. Telenetics offers a wide range of industrial grade modems and wireless products, systems and services for connecting its customers to end-point devices such as meters, remote terminal units, traffic and industrial controllers and remote sensors. Telenetics also provides high-speed communications products for complex data networks used by financial institutions, air traffic control systems and public and private wireless network operators. Additional information is available at www.telenetics.com. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 This release may contain forward-looking statements that involve risks and uncertainties. Various risks are detailed in filings with the Securities and Exchange Commission made from time to time by Telenetics, including the Company's Form 10-KSB for the year ended December 31, 2001 and the Companys Form 10-QSB for the quarter ended September 30, 2002. The Company undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances occurring after the date hereof. ### |