SOURCE: TeleCommunication Systems, Inc.

October 17, 2008 11:47 ET

TeleCommunication Systems to Present at the Third Annual Homeland Security Investor Conference

ANNAPOLIS, MD--(Marketwire - October 17, 2008) - TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), leading provider of mission-critical wireless communications, has been invited to present at the third annual Homeland Security Investor Conference (HSIC) to be held on October 21-22, 2008 at The Ritz Carlton Hotel in Washington, D.C.

TeleCommunication Systems chairman, president and CEO, Maurice B. Tosé, and senior vice president and CFO, Tom Brandt, are scheduled to present on Wednesday, October 22 at 10:10 a.m. Eastern Time.

Management will discuss the company's recent financial results and company progress. The company reported preliminary third quarter 2008 revenue of $50 million, up 14% from $44 million in the previous quarter and up 33% from $38 million in the third quarter of 2007. This was the company's third consecutive quarter of record revenue. Third quarter-end cash and equivalents increased by $10 million from the previous quarter to $38 million. TCS was selected in August as the U.S. Army's sole awardee of a contract with an initial order and options for up to $246 million of deployable satcom system-related deliverables through November 2011, raising the company's total backlog to a record $450 million.

HSIC is a private "by invitation only" conference hosted by Imperial Capital, CapitalSource, and Civitas Group that showcases leading public and private companies that provide unique products and services to the Homeland Security market. Over 300 business leaders, government representatives and investors are scheduled to attend the event and hear CEOs of 30 select middle-market companies present their business strategies and discuss their market position. The companies represent five sectors in the Homeland Security industry: Critical Infrastructure, Govt/IT Security, Identity Solutions, Public Safety, and Weapons of Mass Destruction Screening Technologies.

HSIC will also feature a keynote address from Michael Jackson, co-Founder of Firebreak Partners, LLC, and former deputy secretary of the U.S. Department of Homeland Security, and host a special panel of experts from companies in the growing industry sectors that comprise the Emerging Threats market.

HSIC is highly regarded in the Homeland Security industry for its comprehensive coverage of growth sectors in the industry, and for outstanding networking opportunities with industry peers, business leaders, investment professionals and government representatives. For additional details on the Homeland Security Investor Conference, go to www.hsic2008.com.

About Imperial Capital, LLC

Founded in 1997, Imperial Capital is a full-service institutional securities brokerage and investment banking firm based in Los Angeles, with offices in New York, San Francisco, and Whitefish, Montana. The firm currently employs over 150 professionals and offers a wide range of sophisticated, value-added products and services to institutional investors and middle market companies. Imperial Capital specializes in the research and sales and trading of high yield and distressed debt securities, bank debt, convertible bonds, preferred stocks, and equities. Imperial Capital's investment banking group provides M&A, capital raising, restructuring and recapitalization advisory, valuation, fairness, and solvency opinions and strategic market advisory services to middle market companies. For more information about Imperial visit www.imperialcapital.com.

About CapitalSource

CapitalSource (NYSE: CSE) is a leading commercial lending, investment and asset management business focused on the middle market. CapitalSource manages an asset portfolio which as of June 30, 2007 was approximately $20.1 billion. Headquartered in Chevy Chase, Maryland, the company has approximately 550 employees in offices across the U.S. and in Europe. For more information, visit www.capitalsource.com.

About Civitas Group

Civitas Group LLC is a strategic advisory and investment firm serving the homeland and national security markets. Civitas Group clients include Fortune 100 firms, leading security services providers, leading defense and information technology companies, early stage companies with promising technologies, and private investment firms. In a rapidly evolving homeland and national security industry, Civitas helps clients build and implement successful strategies and grow their businesses.

About TeleCommunication Systems, Inc.

TeleCommunication Systems, Inc. (TCS) engineers and delivers highly reliable wireless communications technology. TCS is a leader in wireless text messaging and location-based technology, including E9-1-1 services and commercial applications like navigation that use the precise location of a wireless device, and secure satellite-based communications systems and services. Customers include leading wireless and VoIP carriers around the world, cable MSOs, automotive telematics vendors, and agencies of the U.S. Departments of Defense, State, and Homeland Security. TCS is one of six primary vendors on a $5 billion Army Worldwide Satellite Systems Contract vehicle. For more information, visit www.telecomsys.com.

Contact Information


  • Company Contacts:
    Tom Brandt
    Senior Vice President and CFO
    TeleCommunication Systems, Inc.
    Tel 410-280-1001
    tbrandt@telecomsys.com

    Scott Liolios or Matt Glover
    Investor Relations
    Liolios Group
    Tel 949-574-3860
    info@liolios.com