APW Ltd. Announces Receipt Of Bank Waiver.Business Editors WAUKESHA, Wis.--(BUSINESS WIRE)--March 30, 2001 APW APW - Affiliated Psychoanalytic Workgroups (UK) APW - Agreement for Performance of Work APW - Air Pressurized Water (fire extinguisher) APW - Albany Perforated Wrapping Paper Company APW - Albany Poetry Workshop (Albany, California) APW - All Pro Wrestling APW - Altmar Parish Williamstown (School District; Parish, New York) APW - American Prisoner of War APW - Anti-Personnel Weapon Ltd. (NYSE: APW) announced today that a waiver from the breach of the financial covenants was received from its primary lenders. The waiver allows the Company continued access to its Multi-Currency Credit Facility through May 15, 2001. The Company is in discussions with the Bank Group regarding a re-negotiation of the credit facility with an anticipated completion prior to May 15, 2001. About APW Ltd. APW Ltd. is a Technically Enabled Manufacturing Services "TEMS TEMS - Tactical Emergency Medical Services (EMS) TEMS - Technical Engineering Management Support/Service TEMS - Telecommunications Management System TEMS - Terrestrial Ecosystem Monitoring Sites TEMS - Test & Evaluation Mission Simulator TEMS - Thomas Edison Middle School (various locations) TEMS - Total Electronic Migration System (DoD Information Assurance Technology Analysis Center) TEMS - Toyota Electronic Modulated Suspension" company that designs and manufactures large, complex infrastructure products for OEM's in the communications, large enterprise hardware and Internet markets. APW Ltd. has particular skills in the areas of manufacturing enclosures, thermal management, power supplies and backplanes; as well as core competencies in product and system design, integration and supply chain management. APW Ltd. operates in over 50 locations throughout North America, South America, Europe and Asia. For further information contact: APW Ltd. Susan Hrobar, Vice President 262-523-7775 www.apw.com Safe Harbor Statement Certain of the above comments represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. Management cautions that these statements are based on current estimates of future performance and are highly dependent upon a variety of factors, which could cause actual results to differ from these estimates. APW Ltd.'s results are also subject to general economic conditions, market conditions in the computer, semiconductor, telecommunications, and electronic industries in North America, South America, Europe and Asia, continued market acceptance of APW's existing products and new product introductions, the successful integration of recent and pending acquisitions, successful negotiation of bank facilities, competitive product and pricing pressures, foreign currency risk Currency Risk A form of risk that arises from the change in price of one currency against another. Whenever investors or companies have assets or business operations across national borders, they face currency risk if their positions are not hedged.Notes: For example if you are a U., interest rate risk, and APW's ability to access capital markets. See our Form 10 and Form S-3 for further information on risk factors.
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