Comtech Group Reports Third Quarter Results SHENZHEN, China, Nov. 3 /PRNewswire-FirstCall/ -- Comtech Group, Inc. (OTC:COGO) (BULLETIN BOARD: COGO) , a leading module design solutions provider in China focused on the mobile handset and telecom equipment industries, announced that for the three months ended September 30, 2004, Comtech's revenue reached $17.8 million, and net income reached $1.44 million. Gross profit for the three months ended September 30 was $2.73 million. Gross profit margin increased from 14% in the quarter ended June 30, 2004 to 15% in the quarter ended September 30, 2004. Comtech Group, including its predecessor, has been profitable each year during its nine year operating history. For the nine month period ended September 30, 2004, Comtech's revenues and net income reached $56.2 million and $5.3 million, respectively, which significantly exceeded the company's revenue and net income for the 12-month period of 2003. For the year ended December, 2003, Comtech had over $43 million in revenues and $3.4 million in net income, which amounts to an increase of approximately 72% and 209% respectively from $25 million in revenue and $1.1 million in net income for the year ended December 31, 2002. Comtech serves over 200 companies representing most of the large manufacturers in the mobile handset and telecom equipment industries in China. This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives and other forward looking terminology such as "may," "expects," "believes," "anticipates," "intends," "expects," "projects," or similar terms, variations of such terms or the negative of such terms. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein. DATASOURCE: Comtech Group, Inc. CONTACT: Hope Ni, Chief Financial Officer of Comtech Group, Inc., +011-852-9187-4327

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