this company is going to be a player in the contract manufacturing sector...my opinion only...stock well down from recent high of 2.25 a couple months back...this today...stock at 1 9/32:
(COMTEX) B: National Manufacturing Technologies Inc. Adds New Custome
B: National Manufacturing Technologies Inc. Adds New Customers
CARLSBAD, Calif., Aug 31, 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 manufacturing agreements
with Barksdale Inc., a subsidiary of Crane Co. (NYSE:CR) and with Salsa Digital,
a wholly-owned subsidiary of NUR Macroprinters (Nasdaq:NURM) for the manufacture
of circuit board assemblies and various metal components over the next three
years.
Barksdale Inc., located in Vernon, Calif., manufactures a variety of industrial
products, including pressure switches, pressure transducers, open loop
controllers, temperature switches and level floats and level switches. Initial
orders were received in early August for printed circuit boards (PCBs) to be
shipped in the fall of 2000.
Salsa Digital develops, manufactures and services wide format inkjet printing
system equipment. Their manufacturing operation is based in San Antonio while
their parent, NUR, is located in Israel. Shipments have begun against these
initial orders, which were receive in mid-August.
"NMT is pleased to be selected as a supplier for these premier customers,"
stated Tim D. Mullennix, vice-president of Business Development for NMT. "Both
Barksdale's and Salsa's manufacturing requirements are an excellent match for
NMT. Both companies build products that have electronic PCBs and cables housed
in various metal enclosures."
Patrick W. Moore, chief executive officer, stated, "With the recent addition of
the precision sheet metal operation, NMT's total manufacturing space stands at
200,000 square feet in the USA and Mexico, and enables us to supply a wide range
of value-added products and services for these new customers, as well as our
existing customers."
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
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