To: Old Stock Collector who wrote (5774 ) 2/18/2000 3:12:00 PM From: Old Stock Collector Respond to of 5803
CPTX DD Profile look , 300,000 shares traded. Moving .05 now Profile: Comptronix Corporation provides contract manufacturing services to original equipment manufacturers ("OEMs"), including producers of computers, computer peripherals, industrial instruments, communications equipment, medical devices and test equipment. The Company specializes in assembling printed circuit boards with computer-automated equipment using a variety of component interconnection techniques including pin-through-hole and surface mount technology. The Company also provides a full range of "next higher assembly" manufacturing and test services including total product assembly and order fulfillment (direct distribution of finished goods to its customers' customer). The Company provides its manufacturing services primarily on a purchased material or "turnkey" basis. Turnkey manufacturing consists of a package of services for the production of printed circuit boards and/or next higher assembly "box build" products in accordance with customer specifications. These services include the procurement of the components to be assembled, the assembly and testing of the printed circuit board, and post assembly and testing of "box build" products. The Company also provides various services independently of its turnkey manufacturing services, including in-circuit test development, functional test development, manufacturing and test-related consultation services, and consignment assembly (i.e. assembly of components consigned by the customer rather than purchased for the customer by the Company). The Company's principal strategy is to establish long-term relationships with a diverse group of OEMs in a broad range of industries which have intensive manufacturing requirements typically associated with products in the earlier stages of their life cycles and to provide manufacturing services for successive generations of these products. The Company generally does not seek to be a manufacturer of low-cost, high-volume components for consumer-oriented products. The Company was formed in 1984, with the opening of its manufacturing facility in Guntersville, Alabama. In 1989, the Company opened a manufacturing facility in San Jose, California (the "Orchard Parkway Facility"). In 1990, the Company purchased certain assets associated with the printed circuit board assembly operations of Ampex Corporation and in connection therewith opened a manufacturing facility in Colorado Springs, Colorado. In 1992, the Company opened a second manufacturing facility in Guntersville and completed the acquisition of certain assets associated with the printed circuit card assembly operations of Exicom Technologies, Inc. ("Exicom") and lease of its facilities located in San Jose, California (the "Trimble Facility"). During 1993 the Company closed its Orchard Parkway Facility and consolidated its operations in San Jose into its Trimble Facility. During 1994, the Company made the strategic decision to sell its San Jose division to eliminate excess capacity involving both plant space as well as equipment and other fixed assets. The Company completed the sale of substantially all of the assets associated with its San Jose division to Sanmina Corporation in October 1994. During 1995, the Company moved its corporate offices to Brentwood, Tennessee. In the second quarter of 1995, the Company closed its Colorado Springs facility and consolidated it with the two plants in Guntersville, Alabama. In January 1996, the Company opened a new 30,000 square foot manufacturing facility in Empalme, Sonora, Mexico.