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Microcap & Penny Stocks : Pen Intercom (PENC) - Ready to fly? -- Ignore unavailable to you. Want to Upgrade?

To: Odessa who wrote (35)	4/8/1998 12:38:00 PM
From: Odessa	Respond to of 107

Wasatch Funds Chief Sam Stewart, Utah Firms Headline April 18 Informed Investors Forum in Salt Lake City SALT LAKE CITY--(BUSINESS WIRE)--April 2, 1998--Astute investors already know that Utah is not only home to top quality collegiate and professional basketball, but has its fair share of savvy investment expertise as well. Dr. Samuel Stewart, founder of the Utah-based Wasatch family of funds, will keynote the Informed Investors Utah Regional Stock Forum, Saturday, April 18. Since 1975, Wasatch Funds have earned an excellent reputation. Six no-load funds comprise the Wasatch family of funds. The Forum will be held from 8 a.m. to noon at the Salt Lake City Holiday Inn Downtown. Cost to attend, which includes a continental breakfast, is $15 prepaid, $20 at the door. Audio tapes of the Forum also will be available for $25, plus $3.95 shipping/handling. To register or obtain additional information, call 800/992-4683 or visit www.informedinvestors.com. Stewart, President and Chairman of Wasatch Funds, has a long career in investment management. Prior to becoming lead manager of the Wasatch Growth Fund in January, 1997, he was lead manager of the Wasatch Aggressive Equity Fund for 11 years. Wasatch Growth Fund is up nearly 11% thus far in 1998. Its average total return for 1997 was 27.6% in 1997. For the three years ended Dec. 31, 1997, Wasatch Growth Fund had a compounded annual return of 27.8%. The fund invests in companies that hold the potential to produce steady, sustained growth. The fund's top ten holdings as of Feb. 28, 1998 were (not necessarily in order) National Health Investors REIT (NYSE:NHI), O'Reilly Automotive (Nasdaq:ORLY), General Nutrition Companies (Nasdaq:GNCI), Renter's Choice (Nasdaq:RCII), Marks Bros. Jewelry (Nasdaq:MBJI), Friedman's (Nasdaq:FRDM), Washington Federal (Nasdaq:WFSL), Franklin Covey (NYSE:FC), World Acceptance Corp. (Nasdaq:WRLD) and Sunstone Hotel Investors (NYSE:SSI). Stewart is very active in Utah financial circles. He is a member and past president of the Salt Lake City Society of Financial Analysts. Since 1975, Stewart has been a professor of finance at the University of Utah where his investment analysis class is among the most popular on campus. He was also corporate project director for the Financial Analysts Federation and was chief financial analyst for the Division of Investment Management Regulation for the Securities and Exchange Commission (SEC). Stewart earned his B.S. at Northwestern and MBA/Ph.D. degrees in Finance at Stanford. In addition to Stewart, attendees have the opportunity to meet face-to-face with, and ask questions of, top executives of four Utah-based companies SOS Staffing Services (Nasdaq:SOSS), Mining Services International (Nasdaq:MSIX), Anesta Corp. (Nasdaq:NSTA) and Pen Interconnect (Nasdaq:PENC). The speakers will offer analyst-style assessments of their companies. Presentations such as these are not ordinarily available to individual investors. Since 1993, Sacramento-based Informed Investors has been linking investors with management of public companies. Informed Investors represents individual investors who collectively hold an estimated $2 billion in investable assets. CONTACT: Informed Investors Bob Taylor, Sean Finnigan, Steve Chanecka, 916/448-8222 or 800/992-4683 KEYWORD: UTAH BW0184 APR 02,1998

To: Odessa who wrote (35)	4/8/1998 12:42:00 PM
From: Odessa	Read Replies (1) \| Respond to of 107

Pen Interconnect Inc. Issues Open Letter to Shareholders SALT LAKE CITY--(BUSINESS WIRE)--April 8, 1998--Pen Interconnect Inc. (NASDAQ:PENC; PENCW) Dear Shareholders, During the first six months of Fiscal 1998, we have been successful in reestablishing Pen's momentum that was lost in the latter part of 1997 due to capital constraints and an industry wide slow down. During this period Pen went through some serious cost cutting activities by reducing overhead and streamlining the automation of its manufacturing lines. After establishing its $6.3 million line of credit with Finova, Pen is now able to meet their customers' increasing demand. The Company was also able to strengthen its balance sheet by raising additional capital through the conversion of warrants, the completion a $1.5 million convertible debenture and the sale of the TMCI stock received through the sale of its QIS Division. As a result of the above activities, Pen enters its 3rd quarter with its biggest backlog of orders and with all of its division profitable or near profitable. One of the biggest challenges now will be the financing of this exciting growth phase and meeting its customers' delivery requirements. These are great opportunities to have and we look forward to meeting the delivery needs of each and every client. A number of Pen's largest customers pushed out their delivery schedules into the third and fourth quarters which has caused some slowdown in current revenue recognition and profits. However, one of these customers has just increased their orders and has accelerated their delivery demands. The other two are expected to expedite their releases soon. 1998 Highlights - Some of the major events of 1998 were to date: -- Finova $6.3 million credit line (Sept. 97) -- Delivery and acceptance of first articles to L3 Communications as the first step in our $12 million letter of intent. -- $5 million order from ALARIS Medical Systems (San Diego) -- Settlement of lawsuit regarding the sale of the QIS Division -- Completion of a $1.5 million convertible debenture and conversion of warrants -- $2 + million order received from New Media Corporation - Irvine -- $3.4 million order from BOLDER Technologies for a new battery charger product. Positive Outlook Looking at our core businesses, we project steady, profitable growth rates along with exciting new design wins occurring in our engineered products division. Due to our cost reduction efforts, our operating costs have been significantly reduced thereby increasing our profit margins and enabling us to grow exponentially with the increased demand. We are excited about the near and long term prospects of Pen Interconnect, and look forward to increasing shareholder equity and value throughout 1998 and beyond. Pen Interconnect, Inc. Headquartered in Salt Lake City and with divisions in Tustin, Calif., and Orem Utah, Pen Interconnect is a total interconnection solution provider, offering internal and external custom cable and harness interconnections, custom power supply and battery charger design, mobile satellite equipment and EMSI (electronic manufacturing service industry) manufacturing for OEMs in the computer, peripheral, telecommunication, instrumentation, medical and testing equipment industries. The statements contained in this news release that are not purely historical are forward-looking statements that may involve risks and uncertainties. The company's actual results may differ significantly from the results contained in the forward-looking statements. Factors that might cause such differences include, but are not limited to, the effect of losses and other factors on the company's credit facilities, business and results of operations; the company's limited capital resources and its ability to fulfill its existing obligations and ongoing capital needs; risks associated with excess or obsolete inventory; the potential impairment of assets; the company's dependence on key customers and their financial viability; the impact of competition; and the company's abilities to effectively manage growth. These and other risk factors are discussed in the company's filing on Forms 8-K, 10-Q and 10-K. CONTACT: Pen Interconnect Inc., Salt Lake City Stephen J. Fryer, 714/247-2285 FAX 714/258-5207 sfryer@incirt.com KEYWORD: UTAH CALIFORNIA