EFJI Efjohnson Technologies, (MM)

EFJ, Inc. Increases Guidance for Fiscal 2004 WASHINGTON, Sept. 16 /PRNewswire-FirstCall/ -- EFJ, Inc. (NASDAQ:EFJI) today announced a change in its guidance for fiscal year 2004. According to Michael E. Jalbert, EFJ, Inc. chairman and chief executive officer, the Company's revenue for the year ending December 31, 2004 is anticipated to be between $74.0 million and $76.0 million. Additionally, the Company's net income guidance, excluding the impact of variable accounting for repriced stock options and deferred tax benefits, is anticipated to be between $4.9 million and $5.5 million or $0.26 to $.029 per diluted share. The Company anticipates gross margin percentage in the range of 44% to 45%. "We are changing our full year 2004 guidance because of increased sales opportunities for homeland security communication products for first responders and international security products," said Mr. Jalbert. "We continue to see solid momentum across all segments of our business and look forward to completing another 30+ percent revenue growth year at EFJ, Inc," Jalbert added. About EFJ, Inc. EFJ, Inc. is the Washington, D.C. based parent company to industry-leading wireless telecommunications solutions businesses. EFJ, Inc. is home to the EFJohnson Company, one of the first developers of Project 25 mobile communications products compliant with federal government interoperability standards, and Transcrypt International, a leader in secure voice communication solutions. EFJohnson and Transcrypt International are wholly owned subsidiaries of EFJ, Inc. For more information, visit http://www.efji.com/. Safe Harbor CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: Except for 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, as amended. Forward-looking statements, including without limitation any and all projections and discussions of anticipated levels of future performance, involve risks and uncertainties which may cause actual results to differ materially from those discussed herein. These risks and uncertainties are detailed from time to time by EFJ, Inc. in its filings with the United States Securities and Exchange Commission ("SEC"), including without limitation its most recent filing on Form 10-K and its 10-Q and 8-K filings made from time to time. You are strongly urged to review all such filings for a more detailed discussion of such risks and uncertainties. The Company's SEC filings are readily obtainable at no charge at http://www.sec.gov/ and at http://www.freeedgar.com/, as well as on a number of other commercial web sites. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements. DATASOURCE: EFJ, Inc. CONTACT: Jim Stark of EFJ, Inc., +1-800-295-1772, or Web site: http://www.efji.com/

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