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MeltroniX Receives Over $5M in New Orders
SAN DIEGO--(BUSINESS WIRE)--June 12, 2000--MeltroniX (OTC BB:MTNX -
news) announced today that it has recently received over $5M in orders from two key customers. These orders are for
products fully developed and in current production. The new orders, which are expected to ship by the end of the year,
improve the company's total open orders backlog to over $12M. The company believes that the total open orders backlog
assures growth for the company in the upcoming months.
``This is the most significant improvement in our open orders bookings in the last two years,'' stated Andrew K. Wrobel,
president, CEO and chairman of the board of MeltroniX. ``We have been working on expanding our product mix and
customer base for the last two years and are just now beginning to move from the product development stages into true volume
production and with multiple customers,'' Wrobel added.
The company recently launched management programs to reduce expenses and improve profit margins while concurrently
preparing for increased production that is now in place to support the additional business that the new orders will result in.
MeltroniX, Inc. caters to high growth industries including Internet equipment, wireless and broadband communication, medical
and other electronic systems and integrated circuits (IC) manufacturers. Headquartered in San Diego, Calif., the company
provides semiconductor interconnect solutions utilizing their expertise in design, volume manufacturing, and testing. With on-site
manufacturing facilities and a class 10,000 clean room, MeltroniX develops, manufactures, and sells high-density
microelectronic assemblies and services. MeltroniX's web site can be found at www.meltronix.com.
Forward Looking Statement. Included in this release 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. Although the
Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance
that such expectations will lead to sustained higher volumes nor are there guarantees beyond the current purchase orders
already received as indicated in this announcement. It is not certain that there will be future growth, profits, expansion of its
customer base or increasing revenues with current customers. The company's actual results could differ materially from those
anticipated in these forward looking statements as a result of certain factors including those set forth in the risk factors in its
form 10-Q Quarterly Reports and Form 10-K Annual Reports.
Contact:
The Ardell Group
Cathy Summers, 858/792-2939 (For Media)
cathy@ardellgroup.com
or
Meltronix Inc., San Diego
Dudley Westlake, 858/292-7000 ext. 3043 (For Investors)
westlake@meltronix.com |
