SHENZHEN, China, Apr 24, 2007 -- Comtech Group, Inc. (NASDAQ:COGO) a provider of customized module design solutions for the electronics sector in China, today announced that it has priced a public offering of 5,500,000 shares of its common stock, at $17.50 per share, raising gross proceeds of approximately $73.3 million. Of these shares, Comtech is offering 4,400,000 shares and the selling stockholders are offering 1,100,000 shares. Comtech will not receive any proceeds from the sale of shares by the selling stockholders. Comtech and the selling stockholders have granted the underwriters an option, exercisable for 30 days, to purchase up to an additional 660,000 shares from Comtech and an additional 165,000 shares from the selling stockholders. The offering is expected to close on April 27, 2007.

Lehman Brothers Inc and Jefferies & Company, Inc. are serving as joint bookrunners of the offering, with Bear, Stearns & Co. Inc., Needham & Company, LLC and C.E. Unterberg, Towbin LLC acting as co-managers.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any shares of Comtech Group, Inc. common stock, nor shall there be any sale of the securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Copies of the prospectus related to this offering are available through the Securities and Exchange Commission's (SEC) electronic data gathering analysis retrieval system (EDGAR) at www.sec.gov.

About Comtech Group, Inc.:
Comtech Group, Inc. (NASDAQ:COGO) is a leading provider of customized module and subsystem design solutions in China. The Company believes it acts as a proxy to China's technology industry as it works with virtually all the major ODMs and OEMs in China. Comtech leverages these relationships and combines their IP to create designs that Comtech then sells to electronic manufacturers. These designs allow manufacturers to reduce their time to market for new products and ultimately increase sales. Comtech Group focuses on the digital media, mobile handset and telecommunications equipment end- markets for its customized design modules while also offering business and engineering services to its large telecom equipment vendor customers. Over the last eleven years, Comtech has grown its customer list to include more than 200 of the largest and most well known manufacturers across the mobile handset, telecom equipment and consumer markets in China, covering both multinational Chinese subsidiaries and Chinese domestic companies.

For further information contact:
Comtech Investor Relations
www.comtech.com.cn/investorinfo.html
communications@comtech.com.cn
H.K.: +852 2730 1518
U.S.: +1 (646) 291 8998
Fax: +86 (755) 2674 3522

Safe Harbor Statement:
This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may be identified by reference to a future period(s) or by the use of forward-looking terminology, such as "may," "will," "intend," "should," "expect," "anticipate," "estimate" or "continue" or the negatives thereof or other comparable terminology. Our actual results could differ materially from those anticipated in such forward-looking statements due to a variety of factors. These factors include but are not limited to, the risk the offering will not close; the demand for our products; competitive factors in the businesses in which we compete; continued customer acceptance of our products; adverse changes in the securities markets and the availability of and costs associated with sources of liquidity. For a further description of these and other risks and uncertainties, see our most recent Annual Report filed with the SEC on Form 10-K, and our subsequent SEC filings including the registration statement filed recently. Copies of filings made with the SEC are available through EDGAR at www.sec.gov.