Update on New Photo Voltaic Panel Sales: Universal Communication Systems Inc., Subsidiary Millennium Electric 'TOU' Ltd Announces New Corporate Orders in Hand Totaling $7 Million
Millennium Exhibits at 'Building 2004' Exhibition in Israel
MIAMI, April 20 /PRNewswire-FirstCall/ -- Universal Communication Systems Inc. (OTC Bulletin Board: UCSY) company chairman Michael J Zwebner announced today that the company's subsidiary Millennium Electric TOU Limited has received $7 million in current product orders, and expects over $22 million in additional orders in the fiscal year 2004.
Ami Elazari, the company president stated: "Our Millennium brand PV Solar Panel, is proving itself as a new world leader in quality and energy production. We have received signed purchase orders in excess of $7 Million so far, and are manufacturing Panels as fast as we can. We fully expect to receive further orders totaling over $22 million this fiscal year.
"Our first container load of our new Millennium Brand PV Solar Panels has arrived in Germany ahead of schedule, and has been well received.
"In addition, we are now currently working on major new markets for our PV Solar Panels and New Line of Grid connected DC to AC Inverters for Home Energy Systems, as well as our new and unique PV Solar Powered Bright LED products, and expect major additional new sales in the very near future. Our association with UCSY has been the cornerstone to our rapid and solid emergence into the PV Solar Energy marketplace."
EXHIBITION
Millennium Electric TOU Ltd is exhibiting all its PV Solar Products and Energy Systems, at "Building 2004" Israel's Major Building & Infrastructure Exhibition, currently being held at Israel's Exhibition Grounds in Tel Aviv from 19-22 April 2004. The show is mainly directed at Industry engineers, contractors, architects, builders, decorators, municipal and local officials, directors of institutions and professionals in the Building Trade.
About Universal Communication Systems Inc.
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About AirWater Corporation
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About Millennium Electric T.O.U. Limited
Visit our web address: www.millennium-electric-inc.com
Safe Harbor Statement
Caution Concerning Forward-Looking Statements by Universal Communication Systems, Inc.
This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and factors affecting the integration of the businesses of Universal Communication Systems, Inc. More detailed information about these factors may be found in filings by Universal Communication Systems, Inc. with the Securities and Exchange Commission, including their most recent annual reports on Form 10-KSB and quarterly reports on Form 10-QSB. Universal Communication Systems, Inc. is under no obligation to, and expressly disclaims any such obligation to, update or alter their forward-looking statements, whether as a result of new information, future events, or otherwise.
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