TESSCO to Present at 25th Annual Roth Conference on March 19, 2013

  TESSCO to Present at 25th Annual Roth Conference on March 19, 2013

    Provides Fourth Quarter Revenue Estimates and Updates Annual Guidance

Business Wire

HUNT VALLEY, Md. -- March 13, 2013

TESSCO Technologies Incorporated (NASDAQ:TESS), a leading provider of the
product and value chain solutions required to build, use and maintain wireless
broadband systems, today announced that it will present at the 25^th Annual
Roth Conference. The Company also provided an update on its business outlook
for its fiscal 2013 fourth quarter and the fiscal year.

Presentation at Roth Conference

The 25^th Annual Roth Conference will be held at the Ritz-Carlton in Laguna
Niguel, CA. TESSCO will present at 4:30 PM PT in Salon 2 – Blue. The company
will also meet one-on-one with institutional investors during the day. To
obtain additional information about TESSCO’s participation in the conference,
please contact TESSCO’s investor relations representative, LHA.

Business Outlook

TESSCO expects to report revenue in the range of $148 million to $160 million
for the fourth fiscal quarter, which ends March 30, 2013. This fourth quarter
revenue as compared to the prior year fourth quarter would reflect
approximately a 5-12% increase in our core markets and an 18-24% decrease in
total revenue as a result of the ongoing transition out of the third party
logistics business with a Tier 1 carrier. As previously announced, we expect
to be completely transitioned out of this 3PL relationship by the end of our
fiscal year.

Based on the results in the first three quarters of fiscal 2013 and expected
results for the fourth quarter, diluted earnings per share for fiscal 2013 are
expected to be in the range of $2.09 to $2.15. This is an update from the
previous range of $2.05 to $2.15.

Final results for fiscal 2013, as well as an outlook for fiscal year 2014 will
be announced on May 8, 2013.

About TESSCO

TESSCO Technologies (NASDAQ:TESS), is Your Total Source^® for making wireless
work. The convergence of wireless and the Internet is revolutionizing the way
we live, work and play. New systems and applications are creating
opportunities and challenges at an unprecedented rate. TESSCO is there,
thinking in new ways for exceptional outcomes. TESSCO architects and delivers,
with innovation, productivity and speed, the product and value chain solutions
to organizations responsible for building, using and maintaining wireless
broadband systems.

Forward-Looking Statements

This press release contains forward-looking statements as to anticipated
results and future prospects. These forward-looking statements are based on
current expectations and analysis, and actual results may differ materially.
These forward-looking statements may generally be identified by the use of the
words "may," "will," "expects," "anticipates," "believes," "estimates," and
similar expressions, but the absence of these words or phrases does not
necessarily mean that a statement is not forward-looking. Forward-looking
statements involve a number of risks and uncertainties. Our actual results may
differ materially from those described in or contemplated by any such
forward-looking statement for a variety of reasons, including those risks
identified in our most recent Annual Report on Form 10-K and other periodic
reports filed with the Securities and Exchange Commission, under the heading
“Risk Factors” and otherwise. Consequently, the reader is cautioned to
consider all forward-looking statements in light of the risks to which they
are subject.

We are not able to identify or control all circumstances that could occur in
the future that may adversely affect our business and operating results.
Without limiting the risks that we describe in our periodic reports and
elsewhere, among the risks that could lead to a materially adverse impact on
our business or operating results are the following: termination or
non-renewal of limited duration agreements or arrangements with our vendors
and affinity partners that are typically terminable by either party upon
several months or otherwise relatively short notice; loss of significant
customers or relationships, including affinity relationships; loss of
customers as a result of consolidation among the wireless communications
industry; the strength of our customers’, vendors’ and affinity partners’
business; economic conditions that may impact customers’ ability to fund or
pay for our products and services; failure of our information technology
system or distribution system; technology changes in the wireless
communications industry; third-party freight carrier interruption; increased
competition; our inability to access capital and obtain financing as and when
needed; and the possibility that, for unforeseen reasons, we may be delayed in
entering into or performing, or may fail to enter into or perform, anticipated
contracts or may otherwise be delayed in realizing or fail to realize
anticipated revenues or anticipated savings.

Contact:

TESSCO Technologies Incorporated
Robert Barnhill, 410-229-1353
Chairman & CEO
or
LHA
Harriet Fried, 212-838-3777
hfried@lhai.com
 
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