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To: Jim Bishop who wrote (27901)	2/15/2000 2:03:00 PM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

SITK financials Sitek Incorporated Reports Financial Results for the Third Quarter of Fiscal 2000 TEMPE, Ariz.--(BUSINESS WIRE)--Feb. 15, 2000--Sitek Incorporated (OTC BB: SITK - news), a provider of engineering and manufacturing solutions to the semiconductor industry, today reported its results from operations for the third quarter of fiscal 2000 ended December 31, 1999. The Company reported net sales for the three months ending December 31, 1999 of $5,492,000, as compared to net sales of $2,586,000 for the same period of fiscal 1999 when the Company operated in a developmental phase. Net income for the quarter was $549,000 or 4 cents per share on a fully diluted basis, compared to $218,000, or 2 cents per fully diluted share for the same period in fiscal 1999. Commenting on the quarter's results, Sitek's President and Chief Executive Officer, Dr. Don Jackson stated, ''We believe that the sources of demand for semiconductors, such as personal computers, telecommunications, internet applications and consumer sectors, will continue to grow and generate an increasing demand for semiconductors. Sitek is well positioned to benefit from this market growth.'' About Sitek Incorporated Sitek, through its operating subsidiaries, specializes in providing technical and manufacturing solutions to the semiconductor electronics industry. The Company's products and services include the design and manufacture of semiconductor equipment including next generation CMP system components, diffusion and LPCVD systems, ultra-high purity gas delivery systems, and rapid batch magnetic anneal systems. Sitek also specializes in the sale of pre-owned semiconductor equipment and provides value-added processing of silicon wafers and semiconductor engineering and technical services. For more information please call (602) 431-0444 or visit Sitek's web site at www.sitekgroup.com.