i really think this contract manuf sector is worth your study...and maybe asxi worth your time...this today:
(PR NEWSWIRE) Astrex, Inc Reports on its 2000 Annual Meeting & Strong Continu
Astrex, Inc Reports on its 2000 Annual Meeting & Strong Continuing Results
PLAINVIEW, N.Y., Sept. 12 /PRNewswire/ -- Astrex, Inc.
(OTC Bulletin Board: ASXI) reports that today it held its previously scheduled
2000 Annual Meeting wherein its President Michael McGuire was reelected as a
Class 1 Director to serve a three year term.
In his address to shareholders Mr. McGuire recapped the Company's
excellent and previously reported results for both the Fiscal Year ended March
31, 2000 and the First Quarter of the Current Fiscal Year ended June 30, 2000.
In the recap Mr. McGuire strongly emphasized that results like the ones
achieved by the Company over the past several years and most especially during
the past five quarters are the result of the entire company staff, an
organization that should provide a firm basis for continuing growth in the new
century.
Mr. McGuire went on to report that the 2 1/2 months thus far of the
present Second Quarter show a strong, "double digit", continuation of the
Company's previous upward trend both in sales and in confirmed order bookings,
well exceeding in both categories the second quarter of the record breaking
previous year. He further reported that in keeping with this growth the
Company has recently expanded its sales force by adding three new employees
(approximately a 15% expansion) and is presently in discussions for line
expansions within the Company's traditional electronic component lines.
Lastly, Mr. McGuire reported that the Company's new web site should be on line
within the next few months. The new web site will represent a significant
expansion from the present 'meet & greet' site to a site that will
substantially assist sales efforts.
This announcement contains forward-looking statements that involve risks
and uncertainties, including those relating to the future business performance
of Astrex. More information about some of the many potential factors which
could affect the Company's business and financial results are included in the
Company's Annual Report on Form 10-KSB for the year ended March 31, 2000,
including (without limitation) under the captions "Description of Business",
"Description of Property" and "Management's Discussion and Analysis or Plan of
Operation," and the Company's Quarterly Report on Form 10-QSB for the quarter
ended June 30, 2000, all of which are on file with the Securities and Exchange
Commission (http://www.sec.gov).
SOURCE Astrex, Inc.
-0- 09/12/2000
/CONTACT: John C Loring, Chairman of Astrex, Inc., 773-935-0710/
(ASXI)
CO: Astrex, Inc.
ST: New York
IN: CPR
SU: PER
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