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ELECTRONIC ASSOCIATES COMPLETES ACQUISITION OF MTI

 ELECTRONIC ASSOCIATES COMPLETES ACQUISITION OF MTI
 TUCSON, Ariz., June 1 /PRNewswire/ -- The previously announced


acquisition of the contract manufacturing business of Milo Technologies, Inc., was completed by Electronic Associates, Inc. (NYSE: EA). Closing of the transaction took place at MTI headquarters in Tucson. The acquisition was for a combination of cash and EAI common shares.
 MTI is a contract manufacturing company known for its high quality work in manufacturing cables, mechanical assemblies and thru-hole circuit boards. The company has three manufacturing plants in Tucson and Phoenix, Ariz., and Nogales, Sonora, Mexico.
 Electronic Associates, Inc., based in West Long Branch, N.J., is engaged in three related business lines, serving users and producers of electronic products and systems. In Contract Manufacturing, EAI provides manufacturing services for products designed and marketed by customers. In Field Service, the company offers independent maintenance of electronic equipment, with technicians across the United States and in Japan. In Product Engineering, EAI provides simulation computer products plus design and engineering services to private industry and government agencies.
 -0- 6/1/92
 /CONTACT: Louis J. Tedeschi of EAI, 908-229-1100, ext. 655; or Paul Finkel, 201-740-0090, for EAI/
 (EA) CO: Electronic Associates, Inc.; Milo Technologies, Inc. ST: New Jersey, Arizona IN: ARO SU: TNM


GK-SH -- NY017 -- 5499 06/01/92 08:26 EDT
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Publication:PR Newswire
Date:Jun 1, 1992
Words:214
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