PEMSTAR Named One of the Fastest Growing Companies by Inc. Magazine
Great press today. IMO this is a great stock for any portfolio
Monday October 23, 11:02 am Eastern Time
Press Release
PEMSTAR Named One of the Fastest Growing Companies by Inc. Magazine
ROCHESTER, Minn.--(BUSINESS WIRE)--Oct. 23, 2000--PEMSTAR Inc., (Nasdaq:PMTR - news) has been named one of the fastest-growing companies in the country by Inc. magazine, which released its annual ranking of the Inc. 500, the comprehensive guide to America's fastest-growing private companies. PEMSTAR ranked 136th on the list of the Inc. 500.
Based in Rochester, Minnesota, PEMSTAR (www.pemstar.com) provides a comprehensive range of engineering, manufacturing, distribution and fulfillment services to customers on a global basis through facilities strategically located in the United States, Mexico, Asia and Europe. PEMSTAR offerings support customers' needs from product development and design through manufacturing to worldwide distribution and aftermarket support. The Company has over a million square feet in 11 facilities in 9 locations worldwide. PEMSTAR became a public company on August 8th, 2000.
The Inc. 500 is an exclusive report on the companies and CEOs who are changing the face of American business. Noteworthy alumni include Microsoft, Timberland, Dominos Pizza and Patagonia.
To be eligible for the Inc. 500, companies have to be independent and privately held through 1999, have at least $200,000 in sales in 1995 and their 1999 sales must have exceeded the previous year's sales. The ranking is based on the percentage increase in sales from 1995 through 1999.
This press release may contain ``forward-looking'' statements. These forward-looking statements include statements of intent, belief or current expectations of PEMSTAR Inc. and its management. Such forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements. In addition to factors discussed above, risks and uncertainties that may cause such differences include but are not limited to: changes in demand for electronics manufacturing services; changes in demand by major customers due to cancellations, reductions or delays of orders; shortages or price fluctuations in component parts; difficulties managing our expansion and integrating acquired businesses; increased competition and other risk factors listed from time to time in the company's Securities and Exchange Commission filings, including but not limited to the Registration Statement on Form S-1 dated August 7, 2000. |
