Amistar Shows Improved Operating Results for First Quarter 2000.Business Editors SAN MARCOS San Marcos (săn mär`kəs). 1 City (1990 pop. 38,974), San Diego co., S Calif., a northern suburb of San Diego; settled 1880s, inc. 1963. , Calif.--(BUSINESS WIRE)--April 13, 2000 Amistar Corp. (Nasdaq:AMTA AMTA American Music Therapy Association. AMTA, n See American Music Therapy Association. ), a leading manufacturer and supplier of automated labeling applications under its DataPlace(TM) systems brand and a provider of electronic contract manufacturing Electronic Contract Manufacturing (ECM) is a is term used for companies that offer contracts for electronic assembly for another company. For instance, instead of attempting to manufacture complex circuit boards themselves OEM companies often outsource their manufacturing services, today announced improved operating results for first quarter 2000. "We are pleased to report that for the first quarter in the most recent five quarters Amistar achieved profitability," said Stuart Baker, Amistar president and chief executive officer. "Several factors have combined to achieve these results." "Amistar's sales of the newly-introduced DataPlace(TM) 100LP label placement system increased significantly during the first quarter of 2000, including repeat orders of multiple systems. In February and March we took the DataPlace 100LP to both the Nepcon and APEX apex (a´peks) pl. apexes, a´pices [L.] tip; the pointed end of a conical part; the top of a body, organ, or part.ap´ical apex of lung the rounded upper extremity of either lung. shows where it received a high degree of interest from prospective users. Amistar markets the DataPlace 100LP machine through its own sales and distribution channel 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. Typical customers include major contract manufacturers, telecommunication OEMs, and computer electronics manufacturers. Amistar also provides engineering to customers who wish us to modify the basic machine to meet unique and specific applications. We are continuing to develop the next offerings in the DataPlace line of product identification systems to meet the growth in demand for high quality, network interconnected, label application automation in electronics manufacturing This article presents a typical manufacturing process of an electronic assembly. Component manufacturing Components such as resistors, capacitors and integrated circuits are generally made by specialized contractors. ." "Sales of Surface Mount Component Placement Machines slowed further in the first quarter of 2000. Our supplier for these machines, Tenryu Technics tech·nic n. 1. technics (used with a sing. or pl. verb) The theory, principles, or study of an art or a process. 2. technics (used with a pl. verb) Technical details, rules, or methods. 3. (Japan) announced early this year that it had established a 'cooperation relationship' with Yamaha Motor Co. Ltd., I M Operations from which a new company would be formed on 1 April, 2000. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. their announcement, this company would continue to be a source for the newer Tenryu pick-and-place machines, plus spare parts Spare parts, also referred to as Service Parts is a term used to indicate extra parts available and in proximity to the mechanical item, such as a automobile, boat, engine, for which they might be used. Spare parts are also called “spares. , to current Tenryu distributors. Although Amistar has sold some of the PlacePro machines in the first quarter, and believes that more will be sold in the months to come, we anticipate that the sales volume of this product will decrease with time, becoming a less significant segment of the company's business." "Our contract manufacturing segment, Amistar Manufacturing Services (AMS AMS - Andrew Message System ), continued to grow during the first quarter of 2000 as our investment in sales and improved internal operations begins to bear results. First quarter bookings were well ahead of any quarter for 1999. Although electronic part shortages impacted AMS's ability to complete and ship some customer orders, we believe that the AMS business will continue to grow during the coming months." "We are pleased to have 'turned the corner' with our first quarter results, and look forward to a much improved year." For more information about Amistar Corp., please call 760/471-1700, or visit the Amistar Web site at: http://www.amistar.com. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Reform Act of 1995, particularly statements regarding market opportunities, success of research and development, customer acceptance of products, gross profit and marketing expenses. These forward-looking statements involve risks and uncertainties, and the cautionary statements set forth below identify important factors that could cause actual results to differ materially from those in any such forward-looking statements. Such factors include, but are not limited to, adverse changes in general economic conditions, including changes in the specific markets for the company's products, product availability, decreased or lack of growth in the electronics industry, adverse changes in customer order patters, increased competition, lack of acceptance of new products, pricing pressures, lack of success in technological advancements, risks associated with foreign operations and other factors. By making these forward-looking statements, the company undertakes no obligation to update these statements for revisions or changes after the date of this release. |
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