RARITAN, N.J., Feb. 12 /PRNewswire-FirstCall/ -- Wi-Tron, Inc. (OTC Bulletin Board: WTRO), a manufacturer of power amplifiers, today announced that it has signed a non-binding Letter of Intent with Cellvine Ltd., a private Israeli corporation that develops and markets coverage and capacity solutions for the wireless telecommunications industry. The Letter of Intent reflects the intentions of both parties to effect a merger whereby Cellvine will merge with a wholly owned subsidiary of Wi-Tron. Pursuant to the merger, Wi-Tron will exchange its common stock for all of the outstanding securities of Cellvine, such that Cellvine security holders will own 85% of the total shares of Wi-Tron common stock, on a fully diluted basis. The merger will be subject to negotiating a definitive binding agreement, and obtaining all necessary corporate approvals.

Company Background

Wi-Tron, Inc. designs, manufactures and sells ultra linear single and multi-channel power amplifiers and broadband high-speed wireless products to the worldwide wireless telecommunications market. The single and multi-carrier linear power amplifiers, which are a key component in cellular base stations, increase the power of radio frequency and microwave signals with low distortion. The Company's products are marketed to the cellular, PCS, X-band, wireless local loop segments of the wireless telecommunications industry.

Cellvine Background

Cellvine Ltd. is a vendor of wireless coverage solutions for the cellular industry. The Company provides a comprehensive set of products for advanced outdoor and in-building cellular coverage with industry leading remote management capabilities, eliminating the need for costly infrastructure replacement. Cellvine supports all the cellular technologies and has a full suite of both standard devices as well as leading edge technology solutions.

Certain information contained in this press release is forward-looking. Actual results might differ materially from the forward-looking statements contained in this press release. All forward-looking statements involve known and unknown risks, uncertainties and other unknown factors. Any of these factors could cause Wi-Tron's actual results to be materially different from any future results expressed or implied by a forward-looking statement. In addition to statements which explicitly describe these risks and uncertainties, readers are urged to consider statements labeled with the terms "believes", "belief", "expects", "intends", "anticipates", "plans", or "proposes", to be uncertain and forward-looking. Factors that could cause actual events or results to differ materially include, among others, the following: rapid technological change that can adversely affect the demand for Wi-Tron's amplifiers, shifts in customer demand, shifts in strategic relationships, delays in Wi-Tron's ability to deliver its products to its customers, and Wi-Tron's ability to market and distribute its amplifiers in Asia and other markets. These and other risks may be detailed from time to time in Wi-Tron's periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its latest Annual Report on Form 10-K and its latest Quarterly Report on Form 10-Q, copies of which may be obtained from www.sec.gov. Wi-Tron is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. Information contained in our website is not incorporated by reference in, or made part of this press release.

SOURCE Wi-Tron, Inc.