in addition to this release today look up the earnings...this is another stock that is extremely cheap here in my
opinion:
(COMTEX) B: National Manufacturing Technologies Inc. Adds New Custome
B: National Manufacturing Technologies Inc. Adds New Customer and Expands
Services to Key Current Customers
CARLSBAD, Calif., Dec 1, 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 today significant expansion of its on-going manufacturing
services to certain key customers.
Tim Mullennix, vice-president Business Development, announced that due to the
recent addition of its sheet metal and electronic enclosure business, NMT has
secured significant additional business from its current customer base.
According to Mullennix, NUR-Salsa (Nasdaq:NURM), who manufactures wide format
color printers, has placed orders for nearly $300,000 worth of precision sheet
metal and machined components, in addition to over $1 million worth of Printed
Circuit Board ("PCB") assemblies, scheduled for shipment during the current
quarter and early in calendar year 2001.
NMT also reported a significant upswing in orders for turnkey enclosed
electronic assemblies from Ling Electronics, a Satcon (Nasdaq:SATC) company.
Ling recently ordered controller modules and power supplies to complement
current orders in-house at NMT. Recently, NMT was able to manufacture complex
controller units at the end of Ling Electronics fiscal year on an expedited
basis to meet a critical customer demand. These new units were assembled and
shipped by NMT within one week, from raw documentation and partial material
on-hand at the customer location. Included were sheet metal enclosures and
machined parts, which were fabricated at NMT's metals facilities.
These fabricated components were then integrated with assembled circuit boards
and wire harnesses at the Carlsbad facility. As a result, Ling has given NMT
over $500,000 in additional orders for the first quarter of calendar year 2001.
NMT also announced that it has secured orders from a new customer, Pioneer
Magnetics, based in Santa Monica, Calif. Mullennix stated, "We are working with
a leader in the power supply industry and are assembling their circuit boards at
our plant in Mexico." NMT also received recent orders for machined parts and
electronic enclosures which will be fabricated at NMT's Oceanside and Vista,
Calif. facilities.
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 Website, 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 D. Brown, 760/431-4999, ext. 507
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KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
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