June 22 1999
Icron Systems Inc.
Icron Systems Inc. is pleased to announce that sales revenues for its contract manufacturing services (EMS) business for the quarter ended June 30, 1999 should be in the range of $800,000. These second quarter revenues represent a quarter over quarter increase of more than 100% from Icron’s $375,000 contract EMS revenues for the first quarter of 1999. The financial report for the quarter ended June 30th, 1999 will be available in August.
Icron’s EMS revenues have grown as a result of the addition of a number of new customers as well as increased business from its current customers. Lee Austin, Icron Manufacturing Vice President and General Manager stated, “We are very pleased with our exceptional growth in the 2nd quarter as it reflects increasing customer satisfaction. We look forward to continued growth as we increase our customer base.”
A subsidiary of Icron Systems Inc., Icron Manufacturing Inc. is one of western Canada’s most advanced contract electronics manufacturing services providers. Icron Systems Inc. is a leading edge developer of networking products, and is actively developing enhanced range Universal Serial Bus products.
Note: The company relies on litigation protection for “forward-looking” statements. The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release – including, without limitation, statements regarding production estimates and future plans and objectives of Icron – are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.