IEC Electronics Corp. Selected as "Company of the Month" In July 2008 Bowser Report Newsletter
Wednesday July 16, 8:15 am ET
NEWARK, N.Y.--(BUSINESS WIRE)--IEC Electronics Corp. (OTCBB: IECE), a provider of electronic manufacturing services to advanced technology companies, announces that it has been named “Company of the Month” in the July 2008 edition of The Bowser Report newsletter. The Bowser Report, based in Newport News, Virginia, selects and recommends stocks using fundamental criteria.
W. Barry Gilbert, Chairman of the Board and CEO of IEC stated, “We are very pleased to have been selected as the featured company in the July 2008 issue of The Bowser Report. Max Bowser’s analytical criteria are well recognized as is his ability to identify, dissect and effectively explain the investment profiles of small cap companies.”
“During the last two years, IEC has focused on improving fundamentals and enhancing our position as a niche player in the contract manufacturing industry; as a result we have achieved significant revenue growth and profitability. Additionally, we recently completed our acquisition of Val-U-Tech, a privately held manufacturer of wire harness assemblies which we expect will provide the opportunity to leverage our customer base across both companies and also create cross-selling opportunities for wire harnesses and board assemblies to future customers. We believe we are at an inflection point in our company’s development and appreciate this recognition from The Bowser Report,” Mr. Gilbert concluded.
Interested parties may request a copy of the “Company of the Month” feature by visiting IEC’s website, www.iec-electronics.com.
About IEC Electronics Corp.
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.
About The Bowser Report
The Bowser Report is a monthly, subscription-based, newsletter that highlights small cap stocks trading on the NYSE, NASDAQ and AMEX at $3.00 per share or less. Companies featured in the publication do not pay for coverage or research. The Bowser Report, founded by Max Bowser, is now in its 32nd year.
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
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Source: IEC Electronics Corp.
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