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Hayward, California – September 10, 2001 ABLE ELECTRONICS ANNOUNCES RESULTS FOR FIRST FULL-YEAR OF OPERATION and FIRST QUARTER 2001 Able Electronics Corporation, a leading electronics manufacturing service (EMS) company, today announced its first, full-year reviewed financial results with 250% revenue growth. Net income results increased by more than 500% over the previous fiscal year 2000. For the three months ending June 30, 2001, revenue increased 100% compared to the same period in 2000 while net income grew by more than 300%. The first quarter results ending June 30 exhibit Able’s commitment to adding customer value through capital equipment, facility, and information technology investments all related to increased customer service. “Able’s record earnings and growth are exceptional for its first full-year of operation under new ownership,” said Peter Dennis, Able Electronics President & COO. “We are committed to serving our customers by investing in IT technology and state-of the-art equipment and facilities. This automation and customer service will continue to provide exceptional growth for Able along with committed exceptional partnering relationships with our customers. Our outlook is strong for the coming year as we anticipate 50%+ growth for our 2002 calendar year.” About Able ElectronicsOriginally founded in 1988, Able Electronics Corporation is a privately-held electronic manufacturing services (EMS) company serving OEMs in the telecommunications, test and measurement, medical instruments, computer peripherals, industrial controls and genetic research industries. In less than 2 years, the company has more than doubled production capacity and now occupies a new 135,000 sq. ft., state-of-the-art, corporate-owned facility in Hayward, CA, in Silicon Valley, midway between San Jose, Oakland and San Francisco with manufacturing sites in Mexico and China. With an ongoing commitment to customer service, Able provides a full range of EMS solutions from engineering development and prototyping to systems integration and test. Able also offers a medium-to-high volume, full turnkey manufacturing, test and logistical services. For more information, visit Able’s Web site at http://www.ableco.com. Media Contact:
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