Bonso Electronics International Inc. Expands Production Floors and Facilities for Increasing Orders.Business Editors HONG KONG--(BUSINESS WIRE)--May 1, 2000 Bonso Electronics International Inc. (Nasdaq:BNSO) today announced that, as a result of a strong market and increasing customer orders, the Company has leased a new 52,000 square feet factory building and a new 32,000 square feet dormitory building, which are located adjacent to Bonso's existing 400,000 square feet production plant. Renovation of the new factory building is taking place and management expects to begin using the new building in early May, 2000. 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 US$5 million in the near future for renovation, testing equipment and machines. I am very excited and believe that Bonso's competitive position will be significantly enhanced by this expansion." 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. The Company's telecommunications products include cordless telephones and two-way radio A voice network that provides an always-on connection enabling the user to just "push the button and talk." Also called "dispatch radio," two-way radio has traditionally been used by police, fire, taxi and other mobile fleets. products. Headquartered in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Bonso Electronics markets its products to customers primarily 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. 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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