Development Bank of Singapore Registers Equity Position in MeltroniX With SEC.Business Editors SAN DIEGO--(BUSINESS WIRE)--Feb. 24, 2000 MeltroniX Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MTNX) announced today that the Development Bank of Singapore (DBS (Direct Broadcast Satellite) A one-way TV broadcast service from a communications satellite to a small round or oval dish antenna no larger than 20" in diameter. ) has filed a Schedule 13G Schedule 13G An SEC form similar to the Schedule 13D used to report a party's ownership of stock that is over 5% of the company. Schedule 13G is shorter and requires less information from the filing party. with the Securities and Exchange Commission (SEC) declaring its equity position in MeltroniX. Joining industry leaders Texas Instruments (NYSE NYSE See: New York Stock Exchange :TXN TXN Texas Instruments (stock symbol) TXN Transaction (databases) TXN Tunxi, China (Airport Code) TXN Tarxien (postal locality, Malta) ) and Motorola (NYSE:MOT), DBS is now a major institutional shareholder of MeltroniX, holding a 7.8 percent ownership position. "MeltroniX is pleased to add DBS to our growing list of stockholders. The current management team has positioned MeltroniX to pursue a robust growth plan that will benefit DBS and all investor interests as we continue to build our business by focusing on high growth markets," stated Andrew Wrobel, chairman, president and chief executive of MeltroniX. MeltroniX Inc. serves the rapidly growing Advanced Electronic Manufacturing Services (AEMS AEMS Asian Educational Media Service AEMS Aircraft Engine Management System AEMS Agricultural Environmental Management Services (Oklahoma) AEMS Advanced Enclosed Mast/Sensor AEMS Automated Energy Management System ) marketplace by providing design, volume manufacturing, and testing capabilities to high growth industries including Internet equipment, wireless/telecommunication, broadband communication and other electronic systems and integrated circuits (ICs) manufacturers. Headquartered in San Diego, with on-site manufacturing facilities, the company develops, manufactures, and sells OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and high-density microelectronic assemblies and services. MeltroniX's Web site can be found at www.meltronix.com. Forward Looking Statement. Included in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will lead to a Nasdaq listing, future growth, profits, expanding its customer base or increasing revenues with current customers. The company's actual results could differ materially from those anticipated in these forward looking statements as a result of certain factors including those set forth in the risk factors in its form 10-Q Quarterly Reports and Form 10-K Annual Reports. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion