American Custom Components Acquires Electronics Plant in St. Lucia.ANAHEIM, Calif.--(BUSINESS WIRE)--Aug. 28, 1997--American Custom Components (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :RBBS RBBS Remote Bulletin Board System RBBS Remote Bulletin Board Service ) Thursday announced that it has acquired Caribbean Electronics Ltd., located in Vieux-Fort, St. Lucia, W.I. ACC See adaptive cruise control. will initially produce cable assemblies and components in St. Lucia required for a revolutionary electronic shelf price tag system A tag system is a deterministic computational model published by Emil Leon Post in 1943 as a simple form of string rewriting system. A tag system may also be viewed as an abstract machine, called a Post tag machine for supermarket and other retail venues on a global scale. This shelf price tag system will virtually eliminate the current laborious process of changing shelf prices through the bar code system. This 12,000 square foot facility was established seven years ago to perform electronic assembly including turnkey projects. It is fully equipped with surface mount and re-flow solder solder (sŏd`ər), metal alloy used in the molten state as a metallic binder. The type of solder to be used is determined by the metals to be united. Soft solders are commonly composed of lead and tin and have low melting points. Hard solders (i. equipment and has a clean room for special high-tech assembly operations. The facility is strategically located to support customers in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe. ACC's Chief Executive Officer Tony Walk, stated: "We are excited to expand our offshore manufacturing capabilities by the addition of this facility. This is a key acquisition for ACC's strategy to target new emerging technology sectors. We now have an entire facility that can be utilized for producing these new technology products including the stellar technology of the supermarket shelf price tag system. "The potential cost reduction in manufacturing costs is phenomenal, running from 25 percent to 60 percent over other locations. We believe that the acquisition of the St. Lucia plant along with current business will conservatively increase ACC's sales volume by $3- to $4-million over the next year." American Custom Components, with headquarters in Anaheim, was founded in 1994 and is an electronic manufacturer and designer of sophisticated connectors and interconnection systems, specializing in quick turn solutions to its customers' needs. For more information, contact the company's Web site address at http://www.members.aol.com/accusa . -0- NOTE: Statements in this release are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that such forward looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition for the company and dependence on third-party suppliers. CONTACT: The Michelson Group Inc. 800/824-4011 or American Custom Components 714/978-0484 |
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