Bonso Electronics Purchases Office Facility to House Corporate Headquarters Staff.Business Editors/High Tech Writers HONG KONG--(BUSINESS WIRE)--Aug. 21, 2000 Bonso Electronics International Inc.(Nasdaq:BNSO)(Nasdaq:BNSOZ) today announced completion of its corporate headquarters relocation to a newly purchased office facility closer to the mainstream of Hong Kong's international trade activity. The roughly 5,000 square foot office at 3 Salisbury Road Salisbury Road may refer to one of the following:
Earlier this year, Bonso completed a $6 million expansion to its manufacturing facilities in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China to accommodate major production for scales and telecommunications product. Those contracts contributed to a doubling of revenues and a tripling of net income in the first fiscal quarter ended June 30, 2000. 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 designs, develops, manufactures, assembles and markets a comprehensive line of telecommunications products, electronic scales and weighing instruments and health care products. Bonso products are manufactured in the People's Republic of China on behalf of customers primarily located 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. Company services include product design and prototyping, production tooling, procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. of components, total quality management, and just-in-time delivery. Bonso also independently designs and develops electronic products for private label markets. For further information, visit the company's web site at www.bonso.com. The statements contained in the press release which are not historical facts are 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. 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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