For Immediate Release

LAKE FOREST, California – October 30, 2002 – Telenetics Corporation (OTC-BB: TLNT), a provider of wireless, wired and fiber optic data communications products for customers worldwide, has received special recognition as a high-growth technology company by being named to the Deloitte & Touche "Technology Fast 50" for the Orange County / San Diego area and to the "Technology Fast 500" for all of North America.

Telenetics was eligible for inclusion in the Deloitte & Touche Technology Fast 50 and Fast 500 based on having a significant portion of its revenue derived from proprietary technology, its commitment of resources to R&D and its origin in 1984 as an Orange County / North American based technology company. Telenetics revenue growth over the last five years resulted in a 25th place ranking in the Orange County / San Diego Technology Fast 50 and a 420th place ranking in the North American Technology Fast 500.

"Telenetics has been a technology leader for many years with its industrial grade communications products. More recently, Telenetics has taken steps to leverage its technology base into higher growth segments of the communications marketplace. These awards, together with our improved financial performance, are confirmation that our growth strategies are beginning to bear fruit," said President David Stone. "During this period, our new product introductions have included a family of communications products for the commercial networks marketplace, another family for wireless network applications and many product enhancements. These new products together with the establishment of our global distribution network have provided a solid platform for growth for Telenetics. By focusing on leveraging our technology worldwide, we have significantly shifted our revenue mix from a focus on North America to a balanced global portfolio of customers. This has allowed us to increase revenues in spite of very challenging economic conditions in the United States and Western Europe."

"Making the Deloitte & Touche Technology Fast 500 is a testament to a company’s leadership, commitment to technology, and ability to deliver the right solution at the right time, said Mark A. Evans, managing director, Deloitte & Touche Technology, Media & Telecommunications Group. With its 772% growth rate over five years, Telenetics has proven that its leadership has the vision and determination to succeed, and we at Deloitte & Touche salute their accomplishments."

ABOUT TELENETICS

Based in Lake Forest, California, Telenetics designs, manufactures and distributes wireless and wired 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 fiber optic, microwave, LAN/WAN 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.

Deloitte & Touche, one of the nation’s leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work for in America" by Fortune magazine for five consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and its related entities. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche’s Web site at www.deloitte.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

This release contains forward-looking statements that involve risks and uncertainties. These risks include, but are not limited to, financial constraints that may affect Telenetics' ability to increase its revenues derived from its wireless products in 2003. Other 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 Company’s Form 10-QSB for the quarters ended March 31, 2002 and June 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.

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