To: Dale Baker who wrote (15649 ) 2/11/2000 7:30:00 AM From: Ken Ludwig Read Replies (1) | Respond to of 118717
In spite of knowing your antipathy to penny stocks I repeat my view that this thread look at MTNX,formerly MPIX. They have steadily improved their abysmal state of the last couple of years and are now poised for exceptional growth. I think this company is very much a value tech stock, and at 1 7/32 much more than a 50% gain for me.perhaps too early for many here but I think worth at least putting on a watch list. I will pound the table when it gets relisted but for now restrict myself to a gentle "heads up" See the news release attached. Friday February 11, 5:59 am Eastern Time Company Press Release MeltroniX Files for Nasdaq Listing San Diego--(BUSINESS WIRE)--Feb. 11, 2000--MeltroniX Inc. (OTCBB:MTNX - news) announced today that it has submitted its application to be relisted on the Nasdaq stock exchange. The company recently reported the elimination of debt resulting from discontinued operations that led to a delisting in March 1997. ``We are extremely pleased that the increased revenues, expansion of our customer base, return to positive net worth, and elimination of debt has positioned MeltroniX to meet the criteria to file for relisting on Nasdaq,' stated Andrew Wrobel, chairman, president and chief executive officer of MeltroniX. ``From the time I joined the company in late 1997, MeltroniX has been working towards regaining our position on the technology-driven Nasdaq exchange.' ``The first step in capturing the interest of institutional investors and mainstream analysts is securing the company's relisting on Nasdaq. This is a key component of MeltroniX's investor relations strategy,' said Timothy Sullivan, vice president of finance. MeltroniX Inc. serves the rapidly growing Advanced Electronic Manufacturing Services (AEMS) marketplace by providing design, volume manufacturing, and testing capabilities to high growth industries including Internet equipment, wireless/telecommunication, broadband communication and other electronic systems and integrated circuits (IC's) manufacturers. Headquartered in San Diego, with on-site manufacturing facilities, the company develops, manufactures, and sells OEM high-density microelectronic assemblies and services. MeltroniX Web site can be found at www.meltronix.com.