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Gold/Mining/Energy : EMG (EMY.V) -- Ignore unavailable to you. Want to Upgrade?


To: Richard Saunders who wrote (11)1/18/2001 1:18:41 PM
From: maintenance  Respond to of 22
 
Novatel Wireless Selects Electronics Manufacturing Group to Manufacture Minstrel
Family of Wireless Modems

Companies sign strategic outsourcing manufacturing alliance

CALGARY, Jan. 18 /CNW/ - Electronics Manufacturing Group Inc., (CDNX:
EMY) announce a long-term manufacturing agreement with Novatel Wireless Inc.
(Nasdaq:NVTL), a provider of wireless modems and software whereby EMG will
provide full turnkey procurement and manufacturing services for two innovative
wireless information appliances: Novatel Wireless' Minstrel S(TM) wireless
handheld modem for Handspring Visor(TM) and the Minstrel 540(TM) Wireless
Modem that enables wireless access from the HP Jornada 540.
This new supply agreement constitutes a sizable manufacturing
relationship between the two companies and builds upon the initial purchase
order of $7M (U.S.) announced and delivered in the fourth quarter of 2000.
Production of the $18M (U.S.) contract will be based at EMG's Calgary
headquarters leveraging the company's existing supply chain and manufacturing
capabilities for the new fiscal year.
The order is a result of EMG's continued industry leading performance and
commitment to new product introductions and delivering a complete range of
product development and delivery services to the global technology and
electronics industry. The contract provides further evidence that EMG is
performing to its business plan and required EMG to double its Calgary
workforce to over 200 skilled technicians and move to operate 3 full time
shifts before the end of 2000.
"EMG is pleased to expand our partnership with Novatel Wireless,"
explained David Snell, Vice Chairman and CEO for Electronics Manufacturing
Group. "We are excited to have this opportunity to leverage EMG's depth in
wireless products to assist such a proven technology leader and deliver
powerful technology tools for the smart and mobile professional."

About EMG:
Electronics Manufacturing Group Inc. is an ISO 9002 registered
Electronics Manufacturing Services (EMS) company, providing a complete range
of product development and delivery services to the global technology and
electronics industry, including design, prototyping, manufacturing, assembly,
testing, product assurance, supply chain management, worldwide distribution
and after-sales service. Headquartered in Calgary, Alberta, EMG has three
manufacturing facilities in Canada and is continually expanding its
electronics manufacturing services in order to set the standard for bringing
quality electronics products to market quickly. EMG employs 355 Canadians
and was recently recognized by Profit Magazine as the sixth fastest growing
start-up in Canada and by Alberta Venture Magazine as Alberta's fastest
growing manufacturer. EMG is listed on the Canadian Venture Exchange under the
symbol "EMY". More information can be found by visiting www.emgplace.com.

The Canadian Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this release. This news
release may contain forward-looking information. Actual future results may
differ materially from those contemplated. The risks, uncertainties and other
factors that could influence actual results are described in documents filed
with regulatory authorities.
%SEDAR: 00012076E

-30-

For further information: Tracy A. Holotuk, Sr. Vice President, Corporate
Development, EMG - Electronics Manufacturing Group Inc., Cell phone: (416)
886-5293, Email: tracy.holotuk@emgplace.com;
To request a free copy of this organization's annual report, please go to
www.newswire.ca and click on reports@cnw.

This press release concerns more than one organization.
To view releases from one of these organizations, please select from below.

ELECTRONICS MANUFACTURING GROUP INC.
EMG INC.



To: Richard Saunders who wrote (11)1/19/2001 6:04:36 PM
From: maintenance  Read Replies (2) | Respond to of 22
 
Electronics Manufacturing Group Receives Conditional Approval From TSE

CALGARY, Jan. 19 /CNW/ - Electronics Manufacturing Group Inc., (CDNX:
EMY) announces that the Toronto Stock Exchange has conditionally approved the
listing of its common shares, subject to Section 502 of the TSE's Company
Manual. Accordingly, listing is subject to EMG fulfilling all of the
requirements of the Exchange within the next three months.
"We are delighted by the progress we have made," explained David Snell,
Vice Chairman and CEO for Electronics Manufacturing Group. "EMG's graduation
to the TSE marks an important milestone within our strategic business plan to
build critical mass to compete in the mid-tier and become profitable within
our first five years of operations. In addition to growing our customer base,
EMG will build upon the electronic manufacturing services we offer."

About EMG:
Operating since 1998, Electronics Manufacturing Group Inc. is an ISO 9002
registered Electronics Manufacturing Services (EMS) company. The company
provides a complete range of product development and delivery services to the
global technology and electronics industry, including design, prototyping,
manufacturing, assembly, testing, product assurance, supply chain management,
worldwide distribution and after-sales service. Headquartered in Calgary,
Alberta, EMG has three manufacturing facilities in Canada and is continually
expanding its electronics manufacturing services in order to set the standard
for bringing quality electronics products to market quickly. EMG employs 355
Canadians and was recently recognized by Profit Magazine as the sixth fastest
growing start-up in Canada and by Alberta Venture Magazine as Alberta's
fastest growing manufacturer. EMG is listed on the Canadian Venture Exchange
under the symbol "EMY". More information can be found by visiting
www.emgplace.com.

The Canadian Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this release. This news
release may contain forward-looking information. Actual future results may
differ materially from those contemplated. The risks, uncertainties and other
factors that could influence actual results are described in documents filed
with regulatory authorities.
%SEDAR: 00012076E