Article: Wegener Corporation Updates Status of Financing, Strategic Alternatives and Leadership.

WEGENER enters into financing arrangement with The David E. Chymiak Trust Dated December 15, 1999; Strategic Alternatives exploration activity concludes; C. Troy Woodbury Jr. named CEO of Wegener Corporation; James T. Traicoff named CFO of Wegener Corporation; Ned L. Mountain leaves WEGENER.

DULUTH, Ga., Oct. 14 /PRNewswire-FirstCall/ -- Wegener Corporation , a leading provider of equipment for television, audio and data distribution networks worldwide, today announced that WEGENER has entered into a financing arrangement with The David E. Chymiak Trust Dated December 15, 1999 (the "Trust"), as assignee of the Bank of America, N.A.'s Loan and Security Agreement ...

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