ELMWOOD PARK, N.J., April 23 /PRNewswire-FirstCall/ -- Berliner Communications, Inc. ('Berliner' or the 'Company') (OTC Bulletin Board: BERL), an end-to-end provider of outsourced services for the wireless communications industry, today announced that on April 17, 2008, it entered into a new three-year $15 million revolving credit facility with PNC Bank, N.A. ('PNC'). The facility replaces the Company's existing financing arrangement, and is intended to provide liquidity and working capital for growth initiatives and future expansion, including possible acquisitions. Interest under the new facility will be at prime or the PNC Eurodollar Rate (comparable to LIBOR) plus 2 percent.

Berliner Chairman and Chief Executive Officer, Richard Berliner commented on the new line, stating, 'We are pleased to be partnering with a 'Tier One' bank like PNC to support our near term business plans, and add the financial strength and business resources of PNC to support our continued growth. This facility dramatically reduces the interest and fees we were paying to service our prior line of credit, and in this challenging lending market, I am gratified to be able to report this to our investors.' Berliner continued, 'The PNC team has already demonstrated a solid commitment to working with us to meet our business needs, and we expect to build a great relationship going forward. In addition to funding our expected internal growth and expanded customer needs, this credit facility will provide the basis for additional capital for us to execute our ongoing acquisition strategy.'

Availability under the new revolving line of credit is subject to certain conditions precedent, which are described in the Company's current report on Form 8-K, filed with the SEC on April 23, 2008. The revolving line of credit matures on April 18, 2011, and is secured by the Company's eligible receivables.

The new line of credit will replace the Company's prior $8 million line, which was with Presidential Financial Corporation of Delaware Valley. Berliner added, 'Presidential has been an important partner for our company for nearly five years. I thank the entire team at Presidential for being there for us every time we needed them, and we are parting ways on excellent terms.'

About Berliner Communications, Inc.

Berliner Communications, Inc. and its wholly owned operating subsidiary, BCI Communications, Inc., are headquartered in Elmwood Park, New Jersey. BCI is an end-to-end provider of outsourced services for the wireless communications industry, including planning, deployment and management of network build-outs. BCI provides wireless carriers with comprehensive real estate site acquisition and zoning services, radio frequency and network design and engineering, infrastructure equipment construction and installation, radio transmission base station modification and project management services. For more information about Berliner's services, please visit http://www.bcisites.com.

The statements in this press release, which are not historical fact, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, without limitation, statements regarding our anticipated relationship with PNC, the ability of this credit facility to permit us to pursue our ongoing acquisition strategy, or our availability to draw down the full amount of the credit facility as well as other such statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from our expectations. Such risks and uncertainties include, without limitation, risks detailed in our filings with the United States Securities and Exchange Commission, and the risk that we are unable to meet the required conditions to draw funds from the PNC credit facility in the amounts and at the times the Company requires these funds. All forward-looking statements in this document are made as of the date hereof, based on information available to us on the date hereof, and we disclaim any intention or obligation to revise any forward-looking statements, including, without limitation, financial estimates, whether as a result of new information, future events or otherwise.

SOURCE Berliner Communications, Inc.