i really like the way things are going here...i look for this company to be a strong
performer over next few years...my opinion only...this today:
(COMTEX) B: National Manufacturing Technologies Inc. Announces Agreem
B: National Manufacturing Technologies Inc. Announces Agreement to Build
Enclosed Electronic Test Systems
CARLSBAD, Calif., Jul 5, 2000 (BUSINESS WIRE) -- National Manufacturing
Technologies Inc. ("NMT") (OTCBB:NMFG): a value-added, vertically integrated
manufacturer of enclosed electronics systems and their various sub-assembly
components, announced today that it has entered into a three year agreement with
a leading provider of semi-conductor test equipment to manufacture automated
testing systems for integrated circuits.
The agreement provides for NMT to perform electronic and electro-mechanical
assembly as well as the system integration in the electronics division's
Carlsbad facility beginning in July, 2000. A substantial portion of the
fabricated metal components will be manufactured at the metals division's
Oceanside, Calif. facility.
Joe Portillo, director of sales for NMT's electronics division stated, "We are
pleased to be awarded this multi-year agreement. Based on our customers
forecast, we estimate this agreement to represent over $2 Million dollars of
additional revenue within the next two years. The first 22 systems, representing
over $600,000 in revenue, are scheduled to begin production in July and be
delivered over the next six months."
Patrick Moore, NMT's CEO, stated, "This is another in a growing list of
customers that require the vertically integrated manufacturing capability that
NMT has developed, as we aggressively assert ourselves as a leading supplier of
enclosed electronic systems in Southern California." According to Moore, "Each
of these systems require cable harnesses; printed circuit boards; fabricated
metal parts, both sheet metal and machined; system integration and testing. This
is an excellent example of where NMT's broad based manufacturing capability was
critical in securing this award."
National Manufacturing Technologies Inc. (NMT) is a value-added, vertically
integrated manufacturer of enclosed electronic systems and their various
sub-assembly components. 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.
CONTACT: National Manufacturing Technologies Inc.
Jennifer Brown, 760/431-4999 Ext. 507
URL: businesswire.com
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