Rhetech, Inc. Appoints netMercury as Sales Representative in Arizona
Monday February 24, 12:26 pm ET
COOPERSBURG, Pa.--(BUSINESS WIRE)--Feb. 24, 2003--Rhetech, Inc., a wholly owned subsidiary of Semitool, Inc. (Nasdaq:SMTL - News) today announced the appointment of netMercury, a private company located in Fremont, Calif., as the company's sales representative in Arizona.
"netMercury has unique strengths as a distributor of capital equipment for technology in the Arizona region, and they bring a range of complementary, value-added products and services," said Vince McGinty, president of Rhetech, Inc. "This new agreement expands to Arizona the two companies' existing sales partnerships in New Mexico, Colorado and Texas. We expect our customers to benefit from increased support and improved competitive advantage."
Terry Hollingshead, president and chief executive officer of netMercury, added, "We're excited about expanding our coverage of the Rhetech product line. Our goal is to be the leading representative and supply chain management organization in our territory, and our relationship with Rhetech is key in that it helps our partners and customers run their businesses more efficiently."
About the Companies
Rhetech, Inc. was established in 1993 and is a wholly owned subsidiary of Semitool, Inc. (Nasdaq:SMTL - News), a worldwide leader in the design, development, manufacture and support of high performance, single-wafer and multi-wafer batch wet chemical processing systems for use in the fabrication of semiconductor devices and advanced packaging. Rhetech sells and services fully remanufactured and restored Semitool Spin Rinser Dryers, Spray Solvent Tools, Spray Acid Tools, and Equinox single wafer processing systems. Rhetech, Inc, is Semitool's only factory-authorized remanufacturing and restoration services provider. For more information, please visit the company's website at www.rhetechinc.com.
netMercury, headquartered in Fremont, Calif., also maintains full service sales offices in Albuquerque, N.M.; Chandler, Ariz.; Colorado Springs, Colo.; and Dallas, Texas. netMercury provides equipment, parts and consumables in addition to Supply Chain Management services to global semiconductor manufacturing fabs and original equipment manufacturers (OEMs). The principal product categories that netMercury handles include advanced process control & automation, gas delivery, high vacuum equipment, wafer handling, wafer process equipment, cleanroom equipment & consumables and assembly & packaging. For more information, please visit the netMercury web site at www.netmercury.net.
Safe Harbor Statement
Except for historical information, the matters discussed in this news release include forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include statements relating to the expectation that Rhetech's customers will benefit from increased support and improved competitive advantage as a result of the appointment of netMercury as sales representative in Arizona. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to materially differ from those projected. In addition, Semitool's business is subject to several risks, including, but not limited to, the cyclicality in the semiconductor industry, fluctuations in Semitool's operating results, rapid technological change and market acceptance of Semitool's new products, as well as, other risk factors related to Semitool's business contained in its Annual Report on Form 10-K for the fiscal year ended September 30, 2002 and other filings with the Securities and Exchange Commission. Neither Semitool nor Rhetech assumes the obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
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Contact:
Rhetech, Inc
Vincent C. McGinty, 610/282-0105
vmcginty@rhetechinc.com
or
netMercury
Terry Hollingshead, 972/783-1501, X211
thollingshead@netmercury.net
or
Investor Relations Partners, Inc.
Joanne Barbieri, 973/535-8389
joanneb@irpartners.com
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Source: Rhetech, Inc. |
