Notify Technologies (fka NTFY)

[THE MICROCAPITALI$T]

NTFY release today...price .35/.47..these sales are really ramping up...AND, there is recurring monthly revenue with each one...stock very cheap here...check out 1st qtr in 1st post..i expect more of the same and maybe even better...my opinion only...4.8m shares out:

(BSNS WIRE) IEC Announces First Quarter Fiscal 2003 Results; Company Report
IEC Announces First Quarter Fiscal 2003 Results; Company Reports Net Income of
$0.06


Business Editors

NEWARK, N.Y.--(BUSINESS WIRE)--Feb. 11, 2003--IEC Electronics
Corp. (IECE.OB) announced today its results for the first quarter of
fiscal 2003, ending December 27, 2002.
IEC had net income of $443,000 or $0.06 per share on revenue of
$9.6 million for the quarter. Excluding non-recurring items our loss
for this year's first quarter was $57,000. This compared to a net loss
of $(2.2 million) or ($0.28) per share on revenue of $11.2 million for
the same quarter a year ago. Half of the loss a year ago was
attributable to discontinued operations.
W. Barry Gilbert, Chairman of the Board and Acting CEO, stated,
"We are pleased to see our customers and just as important some of the
potential customers that distanced themselves from us during the
period of our financial turmoil have started to come back and talk
with us again. We are keenly aware that we can lose a major customer
at any time, hence broadening our customer base is our primary
objective."
Gilbert further added, "We hope to keep the momentum going that we
have seen for the past two quarters. We are satisfied with a virtual
break-even this first quarter, given the significant demands
associated with exiting our previous loan relationship and entering a
new one. IEC will continue to aggressively manage its cash and
endeavor to achieve financial stability through steady but tempered
growth."
IEC is a full service, ISO-9001 registered EMS provider. 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's first quarter 2003 results can be found on its web site at
www.iec-electronics.com/1stquarter03release.
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, the ability of the Company to assimilate acquired
businesses and to achieve the anticipated benefits of such
acquisitions, 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 2002 Annual Report on
Form 10-K and in other filings with the Securities and Exchange
Commission.

--30--AH/ny*

CONTACT: IEC Electronics Corp., Newark
Heather Keenan, 315/332-4262
[e-mail]

KEYWORD: NEW YORK
INDUSTRY KEYWORD: HARDWARE EARNINGS
SOURCE: IEC Electronics Corp.

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