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Microcap & Penny Stocks : Cade Industries -- Ignore unavailable to you. Want to Upgrade?

To: The Professor who wrote (2270)	3/25/1998 9:58:00 AM
From: Dave B	Read Replies (1) \| Respond to of 3563

Cade Industries, Inc. Announces $7.5 Million of New Orders For Jet Engine Test Equipment and Facilities PR Newswire, Wednesday, March 25, 1998 at 09:49 Reports Backlog Exceeds $80.7 Million OKEMOS, Mich., March 25 /PRNewswire/ -- Cade Industries (NASDAQ:CADE) which designs, develops, manufactures, overhauls and repairs components for the aerospace and air transport industries, announced today that it has received new orders totaling approximately $7.5 million for jet engine test equipment and facilities. The orders are for delivery over the next 18 months to customers that include Lufthansa; Eva Airways, Taiwan; Aircraft Maintenance and Engineering Corp., Beijing, China; and Rolls Royce, Inc. facilities in Canada and the U.K. The company said it is scheduled to deliver approximately 70 percent of the new orders during calendar year 1998, and reports that its total backlog of orders was approximately $80.7 million at February 28, 1998. Richard Lund, president and COO of Cade, attributed the new orders to the company's November 1997 acquisition of Central Engineering Company. "Our Cenco subsidiary has expanded our engine testing capabilities by enabling Cade to offer turnkey design and construction of gas turbine test cell facilities. The acquisition will also increase our penetration of international markets as Cenco completes two of the world's largest test cell facilities, now under construction in Wales and Thailand," Lund noted. The GE facility in Cardiff, Wales is designed to test the GE 90 engine, and the Thai Airways facility in Bangkok, Thailand will test the Trent 895 engine, Lund said.