IEC Electronics Corporation Retains Institutional Marketing Services
Thursday June 5, 12:48 pm ET
NEWARK, N.Y.--(BUSINESS WIRE)--IEC Electronics Corporation (OTCBB: IECE), a provider of electronic manufacturing services to advanced technology companies, announced that they have retained the services of Institutional Marketing Services (IMS), a full service investor relations firm.
W. Barry Gilbert, Chairman of the Board and CEO of IEC, stated, “Since 2004, we have diversified our customer base, enhanced our management team, realigned our existing facilities and upgraded our equipment with an eye towards maximizing our position as a niche player in the contract manufacturing industry. This strategy has resulted in strong revenue growth and profitability. Furthermore, we recently signed a letter of intent to make an accretive acquisition that should further broaden our customer base and manufacturing capabilities. While we still have a lot of work ahead of us, we feel that IEC is now at the point where it makes sense to implement a strategic investor relations program to raise IEC’s profile on Wall Street.”
John G. Nesbett, Founder and President of IMS, commented, “IEC has executed an exemplary turnaround over the past few years, successfully repositioning their business and creating a rapidly growing, profitable domestic EMS company fulfilling a need for high quality U.S.-based contract manufacturing. Of particular note are the prudent long-term investments they have made in their business using operating cash flow while also improving their balance sheet. IMS is very proud to partner with IEC to help them broaden their awareness among investors.”
About Institutional Marketing Services (IMS)
Institutional Marketing Services, Inc. (IMS) (www.institutionalms.com) is a full-service investor relations firm that offers a fresh and sensible approach to building reach in the investment community. The mission of the firm is simple: to make investor relations strategic and measurable. IMS provides a level of objective and subjective targeting analysis unmatched in the industry and strategic consulting rooted in many years of experience helping public companies amplify their message to Wall Street.
About IEC Electronics Corporation
As a full service EMS provider, IEC is AS9100 and ISO-9001:2000 registered, and a NSA approved supplier under the COMSEC standard. The Company offers its customers a wide range of services including design, prototype and volume printed circuit board assembly, material procurement and control, manufacturing and test engineering support, systems build, final packaging and distribution. Information regarding IEC can be found on its web site at www.iec-electronics.com.
The foregoing, including any discussion regarding the Company's future prospects, contains certain forward-looking statements that involve risks and uncertainties, including uncertainties associated with economic conditions in the electronics industry, particularly in the principal industry sectors served by the Company, changes in customer requirements and in the volume of sales to principal customers, competition and technological change, the ability of the Company to control manufacturing and operating costs, satisfactory relationships with vendors. The Company's actual results of operations may differ significantly from those contemplated by any forward-looking statements as a result of these and other factors, including factors set forth in the Company's 2007 Annual Report on Form 10-K and in other filings with the Securities and Exchange Commission.
Contact:
Institutional Marketing Services
John Nesbett/Jennifer Belodeau, 203-972-9200
jnesbett@institutionalms.com
or
IEC Electronics Corp.
Heather Keenan, 315-332-4262
Hkeenan@iec-electronics.com
--------------------------------------------------------------------------------
Source: Institutional Marketing Services, Inc.
