The following press release was published on Business Wire on March 2, 1999:
IMP, INC. TARGETS ASIA/PACIFIC MARKET WITH NEW SALES OFFICE
The first three paragraphs of the release state:
SAN JOSE, Calif.- March 2, 1999--IMP, Inc. (Nasdaq: IMPX) today announced the opening of a new area sales office located in Singapore and the appointment of Mr. Philip Wong as Regional Director of Asia Pacific Sales. In the newly created position, Mr. Wong will be responsible for sales of power management and data communication integrated circuits in the fast growing Pacific region. Mr. Wong is responsible for sales activity throughout the Pacific Basin, including Australia, China, Hong Kong, Japan, Korea, Singapore, Taiwan and New Zealand.
"The Asia Pacific region has proven to be our most active region for new product shipments in the last year," said Barry Wiley, IMP vice president of marketing, sales and applications. "The new Asia Pacific sales facility raises the service level supplied to local customers and shows our long term commitment to the area. In addition, we now have a base from which we can add applications and local design resources or other capabilities as necessary."
Mr. Wiley added, "In a region where direct contact with customers is a requirement for success, Philip's experience in China should substantially increase our electroluminescent lamp driver and supervisory circuit sales activity. Backed by our corporate commitment to quality and high-volume manufacturing capability, IMP is strategically positioning itself to become an important supplier in the Chinese market."
The full text of the release is posted on the IMP website at impweb.com
Statements in this press release regarding IMP's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties, including, but not limited to demand for the Company's products, foundry utilization, the ability of the Company to develop, manufacture and market new products, demand by end-users for the products produced by the Company's customers, and the other risks detailed from time to time in the Company's reports filed with the Securities and Exchange Commission, including the Company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. |
