Contact Information: Contact: Heather Keenan IEC Electronics Corp. (315) 332-4262 John Nesbett/Jennifer Belodeau Institutional Marketing Services (203) 972 - 9200
IEC Named to Forbes 200 Best Small Companies List
Company Ranked 29 Out of 200 Selected Companies
| Source: IEC Electronics Corp.
NEWARK, NY--(Marketwire - November 2, 2009) - IEC Electronics Corp. (NYSE Amex : IEC ), a
leading full service EMS provider specializing in complex electronics,
today announced that it has been named to the Forbes 200 Best Small
Companies in America. IEC has been ranked 29th out of the 200 small
companies included on the list.
To qualify for the Forbes Best Small Companies List, companies must have
sales between $5 million and $750 million and a stock price no lower than
$5. Rankings are based on earnings growth, sales growth and return on
equity in the past 12 months and over five years. Additionally Forbes
compares the stock performance of each company with that of its peers.
Jeffrey Schlarbaum, Executive Vice President and President, IEC Contract
Manufacturing, stated, "We are delighted to be recognized by Forbes as one
of the Best Small Companies and we thank our employees who deliver the
unique capabilities our company offers its customers."
About IEC
As a full service EMS provider, IEC is AS9100 and ISO-9001:2000 registered,
and a NSA approved supplier under the COMSEC standard. The Company offers
its customers a wide range of services including design, prototype and high
reliability printed circuit board assembly, material procurement and
control, manufacturing and test engineering support, and systems build.
Information regarding IEC's third quarter 2009 results can be found on its
web site at www.iec-electronics.com/documents/finance/Q3-2009release.pdf
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 2008 Annual Report on Form
10-K and in other filings with the Securities and Exchange Commission.