$tacks Upon $tacks Of Moolah

[sludgehound]

at levels advantageous to the Company. LOL

Well geez why else are they called BAGHOLDERS. Like any
Company would ever harm its money lenders. R/S S-8s Es....
Seems no one assumes any risk whatsoever anymore.
I mean who doesn't know there is a risk of losing your money
when just a mere purchase has you under water. bid<ask
So here's the "Lesser Fool" theory.

News for 'PMTRE' - (Investor Notice: Murray, Frank & Sailer LLP Has Commenced a Shareholder Class Action Against PEMSTAR, Inc. -- PMTR)

NEW YORK, Jun 16, 2005 (PRIMEZONE via COMTEX) -- Murray, Frank & Sailer LLP has
filed a class action lawsuit in the United States District Court for the
District of Minnesota on behalf of shareholders who purchased or otherwise
acquired the securities of PEMSTAR, Inc. ("PEMSTAR" or the "Company")
(Nasdaq:PMTR) between January 29, 2003 to January 24, 2005, inclusive (the
"Class Period"). The action is captioned The Cornelia I. Crowell GST Trust v.
PEMSTAR, Inc., et al., Civ. No. 05-1182 (D. Minn.).

If you purchased or otherwise acquired PEMSTAR securities on any world exchange
between January 29, 2003 to January 24, 2005, and sustained damages, you may, no
later than August 15, 2005, move the Court to serve as lead plaintiff.
Shareholders outside the United States may also join the action, regardless of
which exchange was used to purchase the securities. You can join this class
action as lead plaintiff online at
http://www.murrayfrank.com/CM/NewCases/NewCases.asp. If you would like to
discuss this action, this announcement, or your rights and interests, please
contact plaintiff's counsel Eric J. Belfi or Christopher Hinton of Murray, Frank
& Sailer LLP by e-email at [e-mail] or by telephone at (800)
497-8076.

The complaint charges PEMSTAR and certain of the Company's executive officers,
including Allen Berning, Roy Bauer, and Gregory Lea, with issuing materially
false and misleading financial statements to the investing public regarding the
Company's financial condition and outlook in violation of Sections 10(b) and
20(a) of the Securities Exchange Act of 1934 and Rule 10b 5 promulgated
thereunder.

PEMSTAR is a provider of electronics manufacturing services to OEMs in the
communications, computing, data storage, industrial and medical equipment
markets. The complaint alleges that during the Class Period defendants issued
numerous positive statements that misrepresented the true financial status of
the Company and its business prospects. In fact, throughout the Class Period,
PEMSTAR suffered from extensive liquidity constraints that inhibited the
Company's ability to achieve the necessary gross margin expansion that was
required for the Company to create and sustain accounting profits. The Complaint
alleges that the defendants failed to disclose that the Company needed gross
margins of at least 9% in order to achieve profitability, a level which
defendants knew it was years away from attaining, if ever. Moreover, defendants
further misrepresented the Company's financial condition by understating its
liabilities associated with its Mexican facilities and overstating the Company's
accounts receivables which had become materially impaired. The complaint alleges
that, in part, defendants carried out the fraudulent scheme in order to revive
and strengthen the Company's image, as perceived by its customer base, and
enable the Company to raise much needed capital through the issuance of its
common stock to the public at levels advantageous to the Company.

On January 24, 2005, the Company issued a press release announcing that it was
revising its outlook for the fiscal 2005 third quarter, implementing additional
cost-reduction initiatives and restating its financial results for its fiscal
year ended March 31, 2004, due to accounting discrepancies at its Mexico
facility. By the time the Company made this disclosure, the Company's common
stock had declined nearly 70% from its Class Period high.

Murray, Frank & Sailer LLP and its predecessor firms have devoted its practice
to shareholder class actions and complex commercial litigation for more than
fifteen years and have recovered hundreds of millions of dollars for
shareholders in class actions throughout the United States.

More information on this and other class actions can be found on the Class
Action Newsline at www.primezone.com/ca.

SOURCE: Murray, Frank & Sailer LLP

By Staff

CONTACT: Murray, Frank & Sailer LLP Eric J. Belfi Christopher Hinton [phone] or [phone] Fax: [phone] Email: [e-mail]

(C) 2005 PRIMEZONE, All rights reserved.