(COMTEX) B: National Manufacturing Technologies Inc. Announces Millio
B: National Manufacturing Technologies Inc. Announces Million Dollar Contract
CARLSBAD, Calif., Mar 17, 2000 (BUSINESS WIRE) -- National
Manufacturing Technologies Inc. ("NMT") (OTCBB:NMFG), a value-added,
vertically integrated manufacturer of enclosed electronic systems and
their various sub-assembly components, announced a new $1.2 million
order for the manufacture of a family of printed circuit board
assemblies and precision machine parts for a leading worldwide
manufacturer of high performance motion control products and systems.
According to the contract, the manufacture of the circuit boards will
be completed at NMT's Carlsbad, Calif. facility over a 12 month period
beginning in April 2000. Precision machining will be completed at NMT's
metals manufacturing facility in Oceanside, Calif. "NMT is pleased to
be selected as the sole source supplier for this set of products for a
premium customer," stated Patrick W. Moore, CEO of NMT. "This is an
excellent example of how our vertically integrated manufacturing
strategy is key to our customers, as we can supply a diverse range of
their needs, in this case both for their electronics as well as their
metals requirements."
NMT continues its strong growth in backlog (which will exceed $20
million, including multi-year contracts) in March 2000, the highest
level in the company's history. The company also announced that, with
several new orders now shipping, March will be a record manufacturing
revenue month, both for the Electronics Group as well as the Metals
Group. "We are very excited," stated Moore, "at the momentum we are
taking into our new fiscal year which begins April 1."
National Manufacturing Technologies Inc. (NMT) is a value-added,
vertically integrated manufacturer of enclosed electronic systems and
their various sub-assembly components supplying companies involved in
aerospace, power conversion, telecommunications, fiber channel storage,
high speed flex industries, and other high growth technologies.
Complete capabilities information can be found at the company's Web
site, which is located at www.NatManTech.com.
This press release contains forward-looking statements that involve
risk and uncertainties. These statements include, without limitation,
statements relating to the company's future economic performance,
management's opinions about the ability of the company to compete
successfully and other non-historical information. The company's actual
results could differ materially from those discussed herein. Factors
that could cause or contribute to such differences include, without
limitation, those risks discussed in item 6 under the heading
"additional risk factors" as well as those discussed elsewhere in the
company's annual report on Form 10-KSB.
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
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CONTACT: National Manufacturing Technologies Inc., Carlsbad
Jennifer D. Brown, 760/431-4999, ext. 507
WEB PAGE: businesswire.com
GEOGRAPHY: CALIFORNIA
INDUSTRY CODE: COMPUTERS/ELECTRONICS
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