Circuit World Appoints Director Of Manufacturing.

Business Editors

TORONTO--(BUSINESS WIRE)--Sept. 7, 2001

Circuit World Corporation (TSE:CCW) today announced the appointment of Michael Labrador as the Director of Manufacturing. Mr. Labrador has held senior management positions with several high profile manufacturers of printed circuit boards including Zycon Corp. and Sanmina Corp. in the U.S. He was also a senior member of the team that commissioned a large printed circuit board facility in Malaysia.

The Company also announced that Alan Cochrane, the Chief Technology Officer has left the Company on an amicable basis to become President of an enterprise closer to his home in California. Mr. Cochrane's responsibilities have been assumed by Mr. Hardeep Heer, the Company's Vice-President of Operations who joined the Company from Sanmina last year. We wish Alan the very best in his new opportunity said Gordon Roseborough, President and C.E.O. of Circuit World.

The Company also announced that market softness continues to challenge the printed circuit industry. We believe that Companies like Circuit World that have positioned themselves appropriately will come out stronger when the market turns. Ongoing shutdowns within the industry are taking capacity off-line at an unprecedented rate. This will create new opportunities for those who continue to focus on investing in improved productivity as Circuit World is doing.

Circuit World Corporation is a high-technology fabricator of high-density, multi-layered printed circuit boards. Approximately 80% of its sales are derived from the Avionics, Telecommunications, Medical and Advanced Test industries in the U.S., with the remainder in Canada.

The company's shares are traded on the Toronto Stock Exchange under the symbol CCW. Currently there are approximately 7.1 million shares outstanding.

This news release contains certain forward-looking statements that reflect the current views and/or expectations of Circuit World with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.

Updates can be found at the company's web site www.circtwrld.com The company welcomes calls from brokers and analysts wishing to learn more about Circuit World.