Business Week Ranks Apex PC Solutions Fourth On 1998 List of "The 100 Best Small Corporations".WOODINVILLE, Wash.--(BUSINESS WIRE)--June 1, 1998--Apex PC Solutions, 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 :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. ) ranked fourth in Business Week's 1998 listing of "the 100 best small corporations" in America. The listing appears in the publication's June 1 edition, and features a full-page section entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: "Serving the Servers," covering Apex and its President and Chief Executive Officer, Kevin J. Hafer. A year ago, Apex ranked third in Business Week's 1997 listing. For 1998, Apex is one of only two companies to repeat within the top ten. Further, only three of 1998's top ten were in the entire Top 100 listing for 1997. "Given the high turnover near the top of Business Week's list, Apex is pleased to be holding strong within the top ten nationwide, especially since their criteria for ranking companies continues to focus on sustained financial performance," stated Hafer. This ranking of high-growth companies was based upon each company's three-year results in sales growth, earnings growth,and return on invested capital. Business Week's three-year averages for Apex were 93.7 percent increase in sales, 111.3 percent increase in earnings, and 57.1 percent return on capital. To qualify for consideration, companies must be publicly traded and have annual sales of more than $10 million and less than $150 million. Company Background Apex PC Solutions designs, manufactures and markets stand-alone switching systems Switching systems (communications) The assemblies of switching and control devices provided so that any station in a communications system may be connected as desired with any other station. and integrated cabinet solutions for the client/server computing computing - computer market. Apex switching systems enable client/server network (1) A communications network that uses dedicated servers. In this context, the term is used to contrast it with a peer-to-peer network, which allows any client to also be a server. (2) A network that is processing applications designed for client/server architecture. administrators to manage multiple servers from a single keyboard, video monitor and mouse configuration (a "console") to more efficiently manage their organizations' complex and growing server populations. 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. Statements contained in this press release which are not historical information are forward-looking statements as defined within 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. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from the statements made. Factors which could cause actual results to differ are described in the Company's Securities and Exchange Commission filings, including its Form 10-QSB for the quarter ended March 27, 1998, Form 10-KSB for the year ended December 31, 1997, its registration statement on Form SB-2 which was declared effective August 7, 1997, and other risks detailed from time to time in the Company's reports to be filed with the SEC. The Company undertakes no obligation to publicly release the result of any revisions to forward-looking statements which may be made to reflect events or circumstances after the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" or to reflect the occurrence of unanticipated events.
CONTACT: Apex PC Solutions, Inc.
Douglas A. Bevis
Chief Financial Officer
425/402-9393
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