Friday June 29, 3:23 pm Eastern Time
Press Release
SOURCE: E-Rex Inc.
E-Rex Inc. and Asian Micro Holdings Group Agree in Principal for Manufacturing of the Dragonfly
MIAMI, June 29 /PRNewswire/ -- E-Rex Inc. (OTC Bulletin Board: EREX - news) announced today that it has agreed in principal with Asian Micro Holdings Group to have Asian Micro manufacture the Dragonfly. The companies are currently discussing proposed terms and conditions of a relationship and expect to formalize their agreement soon.
Asian Micro Holdings Group is a one-stop contract manufacturing group specializing in the manufacture of flexible circuit board assemblies, actuator coil assemblies and clean room grade polyethylene packaging materials. Asian Micro had sales of $36 million in 2000 and is well equipped to handle the manufacturing and assembly of the Dragonfly from its manufacturing facilities in Singapore, Malaysia, Philippines and Thailand. Asian Micro was awarded the prestigious ``Enterprise 50'' award by Andersen Consulting, the Business Times and the Economic Development Board in 1999.
``Asian Micro could be a very strong partner for E-Rex. We will continue to search for possible merger and acquisition candidates as E-Rex enters the next stage in its development,'' commented Don Mitchell Chairman E-Rex Inc.
E-Rex Inc. is hosting a World Wide Web Conference on Monday July 2 at 4:15 EDT, which will also be held via traditional ``Telephone Conference Call'' format. Please contact Big Apple Consulting USA, Inc., the conference host, at 1-866 THE APPL(E) to reserve your spot. The company intends to release additional news as the conference approaches.
For further information on E-Rex Inc. and instruction for how to log on to the conference via the Internet, please visit the Company's Web site, www.e-rex.net.
For additional information, contact Marc Jablon at Big Apple Consulting USA, Inc. 1-407-884-0444 or visit the Big Apple website at: www.askbigapple.com.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities and Exchange Act of 1934 and is subject to the safe harbor created by these sections. E-Rex, Inc. assumes no obligation to update the information contained in this press release. Certain information included herein may contain statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities as well as operating costs, capital spending, financial sources, and the effects of competition. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results. Accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company.
SOURCE: E-Rex Inc.
