CTI Technology, Inc. Completes Acquisition of Maquila Americana, S.A. de C.V. of Rosarito, Mexico.

Business/Technology Editors

SPRINGFIELD, Mass.--(BUSINESS WIRE)--September 22, 2000

CTI Technology Inc. (NASDAQ-OTC: "CTHI") a provider of electronic manufacturing services (EMS) announces that it has completed the acquisition of the assets of American Development Company, Inc. ("ADCO") and Maquila Americana, S.A. de C.V., of Rosarito, Mexico. Concurrent with the acquisition of the assets from ADCO, CTI Technology, Inc. established a wholly owned subsidiary, CTI International, LTD which will operate CTI de Mexico, S.A. de C.V. at its facility in Rosarito. C.T.I. de Mexico, S.A. de C.V. is licensed by the Mexican Government to operate under the "maquiladora" program and bonded by both the Mexican and United States customs agencies to fully utilize the advantages of NAFTA.

C.T.I. de Mexico, S.A. de C.V. will continue to provide high volume manufacturing services for a number of multi-national companies and will complete in January 2001, the expansion of its 30,000 square foot, one year old facility into a 58,000 square foot facility to better serve its expanding international customer base. With this expansion, total worldwide capacity for CTI Technology, Inc. will exceed 120,000 square feet. The facility presently includes advanced manufacturing and test equipment, including four automated surface mount (SMT) assembly lines. The current expansion program will add additional SMT assembly lines, full manufacturing, integration, testing, and order fulfillment services along with ISO-9000, QSR and FDA certifications. The present plant site, which is part of an 18 acre industrial park, has significant expansion potential and the current 150-person workforce, which is experienced and trained in the latest manufacturing techniques and quality procedures, is projected to more than double over the next 12 months.

In conjunction with this closing, CTI Technology, Inc. ("CTI"), plans to move to C.T.I. de Mexico S.A. de C.V. a multi-year medical product manufacturing contract, in excess of $10 million annually, which is expected to be finalized within the next 30 days.

ADCO executives Weldon Boyd and Larry McFall have joined CTI in senior management positions, as VP & General Manager and VP Sales and Marketing, and will retain responsibility for operating the Mexico facility and developing other offshore capabilities including material sourcing and procurement.

"We are extremely excited to have closed this acquisition, which will provide our customers a greatly expanded capability of our manufacturing services for our targeted markets including electronics, computer, medical, and telecommunications industries. It also significantly broadens our manufacturing base while adding significantly depth to our technical capabilities as well as our management team," said Chairman and CEO George C. Davies.

About CTI Technology, Inc.

Based in Springfield, MA., CTI provides custom electronic manufacturing services to original equipment manufacturers in the electronics, computer, medical, and telecommunications industries. These services include design assistance and prototype production at the product development stage and a wide variety of assembly, integration, packaging, and test services at different levels of volume production. Our services benefit customers by reducing time to market for new and existing products, and by reducing overall sourcing and manufacturing costs at various stages of product growth. Since 1998, CTI has previously acquired Northeast Technical Services, Inc., of Springfield, MA Clairemont Electronics, Inc. of Yanceyville, NC, and Contract Technologies, Inc. of Pompano Beach, FL.

About CTI International, LTD (Formally-ADCO, Inc.)

CTI International, LTD (CTII) is a leader in Baja California for Electronic Manufacturing Services. CTII offers innovative, high-tech, manufacturing, assembly and distribution solutions for the electronics, networking, computer peripheral, data communications, wireless and consumer industries through C.T.I. de Mexico. For more information contact Larry McFall at [phone], or e-mail at [e-mail].

Some of the information-contained herein may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors over which the company has little or no control. Such factors include general economic and business conditions and commercial acceptance of the company's products and services.