Red Rocket, Inc. of California Acquires India-based Power Supply Business.

Includes 3,000 Customers, India Manufacturing, Sales Channels & Technology

CAMARILLO, Calif. -- Red Rocket, Inc., a privately held company headquartered here, announced today the purchase of the switching power supply business of Celetronix Power India Private Limited (CPIPL), a registered company in Mumbai, India, and an indirect wholly-owned subsidiary of Jabil Circuit, Inc. The acquisition by Red Rocket, Inc. includes all of the capital stock of CPIPL, the product design and manufacturing operations in Mumbai, India, and also includes the global customer base, products, patents, brands and approximately 105 employees and approximately 550 contract personnel related to the business.

Red Rocket, Inc. also takes ownership of the EOS brand of power supply products and related technology currently in use by over 3,000 customers worldwide. The EOS branded power supplies are among the smallest and most efficient AC/DC power supplies available today and serve as the "heartbeat" for some of the world's leading original equipment manufacturers (OEMs).

Red Rocket's EOS brand of power supplies are well known in the industry and tailored for data networking, telecommunications, industrial, audio/video and medical products where space is a premium and thermal management critical. So popular is the EOS brand that the majority of Red Rocket's end-user customers use the power supplies exclusively in their products.

Red Rocket, Inc. was formed in order to facilitate this transaction and is made up of current and previous sales, design and operations executives of CPIPL and its predecessor the former EOS Corporation. Red Rocket's workforce includes design engineers, a turn-key manufacturing group and a seasoned worldwide sales and customer service team.

"We are excited to acquire this business and look forward with joy and enthusiasm to supporting our global blue chip customer base, empowering our strong sales channel and making this a rewarding workplace and career for our world class work-force," said James B. Schultz, chairman and chief executive officer of Red Rocket, Inc. "The Red Rocket team knows the power business and is dedicated to providing competitive advantage and sustained value to customers. This is our number one priority," he said.

"Although new in name, Red Rocket is the re-energizing and transformation of an established 15 year old company. We are here to serve customers and grow the business, providing our channel and end users with industry leading design support, power products, services and continuity of supply," Schultz said.

Red Rocket's sales channel includes global leaders in electronics distribution such as Arrow Electronics and Future Electronics in North American and European partners including XP Plc, Acal Electronics, RS Components, Ultimate Renaissance (UR), Codico and Craftec as well as Appletec in Israel and Amtex in Australia. Red Rocket will also serve several major direct accounts in the computing, industrial automation and telecommunications markets.

Red Rocket, Inc. plans to invest in key areas of the business to include leveraging the design, manufacturing and service potential of the India facilities and expertise of employees. With approximately 100,000 square feet of manufacturing space and design facilities, Red Rocket is primed for expansion in valued-added design services, product support and repair services and out-source manufacturing for existing and new customers. Red Rocket is also looking to hire talented and motivated people to fill key positions in finance, sales, manufacturing, supply chain management and quality assurance.

"India is a great location for us to design and manufacture electronic products and to expand our service offerings. It also harbors a rich pool of talented and educated people anxious to emerge on the global stage," said Sam Dixit, Red Rocket's chief operating officer and leader of the India team.

"With rapidly expanding public and private investment, India is the 'new China' for western design and product companies, rich with technical personnel and skilled production line, service and support people," he said. "Red Rocket is well positioned for serving existing customers and is primed for expansion."

About Red Rocket, Inc.

Red Rocket, Inc. is a privately held California corporation providing power conversion product design, marketing, sales, support, manufacturing and value added services to global OEM customers in selected market segments. Red Rocket employs over 110 employees and utilizes over 500 contractors worldwide with principal offices in Camarillo, California, a subsidiary, CPIPL, in Mumbai, India and worldwide sales and support offices. Red Rocket's web site is: www.redrocketpower.com For more information see Red Rocket, Inc.'s home page or contact Red Rocket at: [phone].