updated 12/22/2010 6:17:31 PM ET 2010-12-22T23:17:31

BLUE BELL, Pa., Dec. 22, 2010 (GLOBE NEWSWIRE) -- UniTek Global Services ("UniTek" or the "Company") (Nasdaq:UNTK) (Nasdaq:UNTKD), a premier provider of permanently outsourced infrastructure services to the wireless and wireline telecommunications, broadband cable and satellite television industries, today announced the completion of a one-for-two reverse stock split of its common stock, effective on December 21, 2010. Trading on a post-split basis began today. The Company's Board of Directors and stockholders approved the stock split on October 29, 2010.

Stockholders of record on December 21, 2010 will soon receive a letter of transmittal from the Company's transfer agent, which they will need to submit, along with their original stock certificates, in order to reflect the split. The split will decrease the number of common shares outstanding from approximately 30.30 million shares to approximately 15.15 million shares.

The Company has received a new CUSIP number in connection with the split. The new CUSIP number is 91324T 302. In connection with the split, a "D" will be appended to the Company's symbol for 20 trading days to reflect the split. The Company's symbol will temporarily be "UNTKD" during this 20-day period, and will revert to "UNTK" on January 20, 2011.

About UniTek Global Services

UniTek Global Services is a provider of engineering, construction management and installation fulfillment services to companies specializing in the telecommunications, broadband cable, wireless and satellite industries. UniTek has created a scalable operating platform, enabling each UniTek subsidiary to deliver quality services to its Fortune 200 customers. UniTek, based in Blue Bell, PA, utilizes a diverse workforce of over 5,200 deployed throughout over 102 locations in the United States and Canada. www.unitekglobalservices.com

Forward Looking Statements

The Company may from time to time make written or oral "Forward-looking statements", including statements contained in this release and in the Company's filings with the Securities and Exchange Commission. These forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, estimates, and intentions that are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond the Company's control. These risks and uncertainties include the risk factors detailed from time to time in the Company's filings with the Securities and Exchange Commission. The words "may", "could", "should", "would", "believe", "anticipate", "estimate", "expect", "intend", "plan", and similar expressions are intended to identify forward-looking statements. All such statements are made in good faith by the Company pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The Company does not undertake to update any forward looking statement, whether written or oral, which may be made from time to time by or on behalf of the Company, except as may be required by applicable law or regulations.

CONTACT: The Piacente Group, Inc.
         Investor Relations
         Brandi Floberg
         Lee Roth
         (212) 481-2050

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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