Hayward, California – 
October 15, 2001

ABLE ELECTRONICS ANNOUNCES ITS SELECTION OF COMERICA BANK

Able Electronics Corporation, a leading electronics manufacturing services (EMS) company, today announced its new relationship with Comerica Bank.

"Comerica offers secure bank financing -- giving us the flexibility without tying up company assets," said Peter Dennis, Able Electronics President & COO. "They are an ideal business partner giving Able the flexibility to grow our capacity and capabilities as quickly as needed to meet our customer's needs. Utilizing Comerica's services enabled us to take advantage of significant cost reductions due to their capabilities in offering complete electronic banking. Comerica's IT philosophies match that of our own -- offering state-of the-art services to our customers."

"After courting Able Electronics for over a year, we were very pleased to finally welcome them as a Comerica customer," said Michelle R. Dupuis, Vice President, Peninsula Banking Group of Comerica Bank-California. " They have an impressive business model implemented by an exceptional management team, and we look forward to growing a mutually beneficial relationship with them."

About Able Electronics
Originally founded in 1988, Able Electronics Corporation is an ISO 9002-certified, 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 complete range of EMS solutions from engineering development and prototyping to systems integration and test. Able offers medium-to-high volume, full turnkey manufacturing, test and logistical services. For more information, visit Able's Web site at http://www.ableco.com.

About Comerica Bank-California
Comerica Bank-California is a subsidiary of Comerica Incorporated, a $49 billion asset company headquartered in Detroit, with banking subsidiaries in Michigan, California and Texas, banking operations in Florida, and business in several other states. Comerica has an investment management subsidiary, Munder Capital Management, commercial banking operations in Canada and a commercial banking subsidiary in Mexico. The combined operations of Comerica Bank-California will include some 50 offices in Northern and Southern California, as well as offices in numerous other states, including Arizona, Colorado, Washington, Massachusetts, New York, North Carolina, Texas, Georgia, Florida, Tennessee and Virginia. For more information, visit http://www.comerica.com.