Bonso Electronics International Inc. Expands Production Capacity for Increasing Orders.HONG KONG--(BUSINESS WIRE)--Aug. 2, 1999-- Bonso Electronics International Inc (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Symbol: BNSO) today announced that, as a result of a strong market and increasing customer orders, the Company has expanded the production capacity of its SMT (1) (Surface Mount Technology) See surface mount. (2) (Station ManagemenT) An FDDI network management protocol that provides direct management. Only one node requires the software. SMT - Station Management lines. The Company has entered into agreements with suppliers to purchase five sets of high-speed YUKI SMT machines and a SEIBU Precision Electrical Discharge Noun 1. electrical discharge - a discharge of electricity discharge - the sudden giving off of energy nerve impulse, nervous impulse, neural impulse, impulse - the electrical discharge that travels along a nerve fiber; "they demonstrated the transmission of machine. These machines are expected to be delivered by mid-August 1999 and to be in operation by early September 1999. The total investment in these machines is more than $1 million. Mr. Anthony So, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bonso, said: "We expect to invest a further $2 million in the near future for tooling facilities and injection molding machines. The Company is excited by this expansion which will significantly enhance our competitive position." Bonso Electronics designs, develops, manufactures and sells a comprehensive line of electronic scales and weighing instruments and electronic consumer and health care products. The Company manufactures all of its products in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China. The Company's electronic scales include bathroom, kitchen, office, jewelry, laboratory, pocket, postal, industrial and parcel scales that are used in consumer, commercial and industrial applications. The Company's electronic consumer and health care products include electronic thermometers and blood pressure meters. 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. Statement under 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: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. |
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