Glenayre to Acquire 5 Percent of Multi-Link Telecommunications.

CHARLOTTE, N.C., May 18 /PRNewswire/ --

Glenayre Technologies Inc. (Nasdaq: GEMS) today announced that it has entered into a Letter of Intent to acquire approximately 5 percent of Multi-Link Telecommunications, Inc. (Nasdaq: MLNK MLNKW), a provider of integrated voice messaging service.

Multi-Link is in the process of expanding its market share in the voice messaging space with plans to transition customers to Unified Messaging services as demand for these services grow. Currently, Multi-Link utilizes the Glenayre MVP modular voice processing system to provide voice-messaging services to Multi-Link customers in seven cities across the United States. Glenayre's MVP system is a scaleable system that is designed to support a high-volume messaging environment and integrate wireline, wireless, paging, fax and data communications.

As part of the agreement between Multi-Link and Glenayre, Multi-Link will purchase approximately $2.5 million of Glenayre's MVP equipment over the next three years. This equipment will be used to upgrade Multi-Link's system so it can provide the most advanced unified messaging services to their customers.

"We are delighted that Glenayre has taken this step to develop a closer relationship with Multi-Link," said Nigel Alexander, chief executive officer of Multi-Link Telecommunications, Inc. "Having Glenayre as a significant stockholder will allow us to see farther into the future as Unified Messaging, Internet-based Wireless Messaging and other exciting new technological developments become part of our everyday lives."

"Glenayre plans to purchase these shares of Multi-Link because we believe that the company's plan for consolidating the small business voice messaging marketplace and providing a unified messaging service bureau are sound strategies," stated Eric Doggett, president and chief executive officer of Glenayre. "Multi-Link truly understands the needs of the small business customer and we look forward to partnering with them to develop systems and services that will improve the way Multi-Link customers communicate while benefiting Glenayre's entire product portfolio and customer base."

Following the investment Glenayre will have visitation rights at Multi- Link's board meetings. Glenayre executives will also provide advice and guidance to Multi-Link as that company executes its business plan. Stated Warren Neuburger, Glenayre's executive vice president - Products, "Multi-Link is a natural fit for Glenayre as Multi-Link begins to expand their presence in the marketplace and transition from a provider of basic voice mail services to one that provides a wide-range of unified messaging services to their small business and residential customers."

About Multi-Link Telecommunications, Inc.

Multi-Link's goal is to become a significant force within the United States' Unified Messaging service industry, which is predicted by industry analysts to be an important market over the next few years. At present Multi- Link provides advanced voice messaging services to businesses and homes. Multi-Link plans to achieve this market position by acquiring voice messaging subscribers through a national industry consolidation plan and then to transition Multi-Link customers to Unified Messaging services as market demand for these services increase. By continuing with the company's strictly defined acquisition plan, Multi-Link believes it will be able to continue its profitable growth and that the company will be well positioned to participate in the rapidly developing Unified Messaging market in the future.

About Glenayre:

For more than 35 years, Glenayre Technologies Inc. has developed and provided leading-edge personal communications systems to a global network of customers. Glenayre's business focus is to deliver its Solutions for an @ctive World(TM) portfolio, leveraging core competencies in the converging sectors of the wireless Internet and unified messaging to provide differentiated solutions for today's mobile and active lifestyles. With 1,300 employees and 1999 net sales exceeding $238 million, Glenayre provides a complete line of wireless messaging products and systems that include one- and two-way paging infrastructure equipment and award-winning two-way-pagers with Always @ctive(TM) operation. Glenayre also delivers an array of Enhanced Services Platform products that include voicemail, fax messaging, voice- activated services, personal one-number services, and debit/prepaid calling card platforms to a variety of telecommunications service providers. Glenayre's communication products currently operate in more than 100 countries. Glenayre is headquartered in Charlotte, North Carolina. For more information on Glenayre, its products, and services, visit www.glenayre.com .

Safe Harbor Provisions

This news release should be read in conjunction with reports filed by the Company pursuant to the Securities Exchange Act of 1934, as amended. This release contains forward-looking statements that involve risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of any number of factors, including, but not limited to, intensity of competition, customer attrition, disruption of local telephone services, technological obsolescence, cost of technology, the availability of third-party billing solutions, the availability of financing, the efforts of regional economic and market conditions and increases in marketing and sales costs.

Glenayre, the Glenayre logo, Solutions for an @ctive World, the Solutions for an @ctive World logo and Always @ctive are trademarks of Glenayre Electronics, Inc.