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MicroTel International's XCEL Corporation Ltd. Subsidiary Wins an Additional Contract from Serco plc

Posted on: Tuesday, 28 October 2003, 06:00 CST

RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--Oct. 28, 2003--MicroTel International Inc. (OTCBB:MCTL) ("MicroTel"), an international manufacturer of electronic components, subsystems and communications equipment, today announced that its U.K. subsidiary XCEL Corporation Ltd. has received a contract from Serco plc (LSE:SRPL) for the supply of additional Emergency Roadside Telephone equipment. The contract, worth in excess of $100,000, is the latest in a series of contracts from Serco that total in excess of $500,000 for sign controllers and operator control panels.

Richard Weller, General Manager of XCEL Corporation Ltd., commented, "While our defense and aerospace business flourishes it has been our objective to continue to grow our other established businesses. We have enjoyed a long relationship with Serco that has encompassed the many facets of telematics on the highways both on the roadside and in the control room. We are also currently looking to build on this business by incorporating our telecommunication products from other telecommunications subsidiaries of MicroTel."

Graham Jefferies, Executive Vice President of MicroTel International Inc., commented, "Provision of equipment to the European Highways Agencies has been a primary market diversification target for MicroTel. Our relationship with Serco has been established for many years and has involved many contracts for custom subassemblies, which have been successfully delivered. This established base provides both on going service, spares and repairs revenue in addition to new equipment opportunities. We are pleased to have received this new contract and look forward to building on this relationship with additional contracts in the near future."

About MicroTel

MicroTel International Inc. is an international manufacturer of defense and aerospace electronic components and subsystems and communication equipment. Our electronic components group, which includes XET Corporation and its international subsidiaries, provides custom power conversion products, digital and rotary switches and subsystem assemblies to the global electronic components market and are primarily used for defense, aerospace and industrial applications. Our communications group, consisting of CXR Telcom Corporation and CXR, S.A.S. (France), provides network access, transmission and test equipment to the North American and European communications industry. Founded in 1983, MicroTel operates out of facilities in the U.S., France, the U.K. and Japan. As of September 30, 2003, we had a total of 188 employees in our various subsidiaries and divisions.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

With the exception of historical information, the matters discussed in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. MicroTel's business strategy and future plan of operations are subject to a number of risks and uncertainties and the actual future results of MicroTel could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, the ability of MicroTel to obtain additional contracts in the future from Serco plc and those factors contained in the "Risk Factors" Section of the Form 10-K for the year ended December 31, 2002.

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