Vitech America, Inc. Increases Capacity of Its Brazilian Factory.MIAMI--(BUSINESS WIRE)--Oct. 6, 1998-- --The Facility Produces Built-to-Order Units Based on Cell Manufacturing Model-- Vitech America, 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 :VTCH), a leading US-based manufacturer and direct marketer of computer and integrated computing solutions in Brazil, today announced its investment of $5 million into its Ilheus, Bahia facility, increasing its production capacity to an average of 20,000 sets of computer boards per month. "The investments prepare Vitech for a period of planned growth, significantly reducing the production costs through automation and vertical integration of the production lines, while maintaining the quality within global standards," stated Jorge do Carmo, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Vitech's Brazilian operations. With this upgrade, Vitech will be able to produce 240,000 computers per year from this facility. Vitech is ranked in second place, with approximately 7% of unit sales unit sales Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company. for the Brazilian computer market. Mr. do Carmo added, "We are building the structure necessary to become the leader in the national market to increase our business in Brazil and expand into other Mercosul countries." The manufacturing facility of Ilheus is one of the first Brazilian factories to provide built-to-order service, around the efficient cell-based manufacturing model, which will produce units manufactured according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a specific order by the users. The factory is producing models in the Mythus mythos, mythus 1. myth. 2. mythology. 3. the interrelationship of value structures and historical experiences of a people, usually given expression through the arts. See also: Mythology line, including single and dual process servers, Spalla notebooks, Vesper computers, and the Quest and Vision lines for the SOHO Soho (sōhō`, sə–), district of Westminster, London, England, known for its continental restaurants. Once a fashionable quarter, it became popular among writers and artists in the 19th cent. market. "All the configurations can be assembled according to the request of the client," explained Jorge do Carmo. "We maintain flexibility in producing Built-to-Order or Built-to-Plan units by servicing each client's needs individually." The company has installed two new circuit board manufacturing lines utilizing state-of-the-art Phillips Surface Mounting Technology (SMT (1) (Surface Mount Technology) See surface mount. (2) (Station ManagemenT) An FDDI network management protocol that provides direct management. Only one node requires the software. SMT - Station Management ). Vitech is also increasing its labor force at the Bahia Facility to 650 employees and will begin running a second shift for the production lines. With these changes, the computer assembly line's capacity will grow to accommodate the production of 18,000 PCs per month. Other enhancements for the new factory include an additional line of automatic inserters for radial and axial components; an automated line specifically used for the production of monitors; four additional lines for manual insertion of components, as well as another line used exclusively for the assembly of computers. Vitech America, Inc. is a manufacturer and direct marketer of its own brand name personal computers, business systems integration and networking equipment, servers and related products in Brazil under the names: Vision(tm), Mythus(tm), Quest(tm), Spalla(tm), and Vesper(tm). In addition, Vitech's Systems Integration Group designs, installs and provides ongoing services for local-area (LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. ) and wide-area (WAN) networks. As a licensed direct 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 supplier of Intel's Pentium(R) processors, Vitech is the one of the leading companies in Brazil offering a complete solution from low-end Pentium workstations to high-end integrated networks powered by multi-processor superservers. Except for the historical information herein, the matters discussed in this press release include 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. that may involve a number of risks and uncertainties. Future results may vary significantly based on a number of factors, including, but not limited to, risks in market acceptance of new products and continuing product demand, the impact of competitive products and pricing, changing economic conditions, both here and in Brazil and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission. |
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