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Nortech Systems Names Sales and Marketing Manager for Commercial Wire Products; Barry Jorich Brings 23 Years of Industry Experience.

Business Editors & Technology Writers

MINNEAPOLIS--(BUSINESS WIRE)--July 10, 2001

Nortech Systems, Inc. (Nasdaq:NSYS) has named Barry Jorich to the newly created position of Sales and Marketing Manager for Commercial Wire Products. In this role, Jorich's responsibilities will include fostering sales of wire harnesses and cable assemblies to existing domestic and international customers, developing new customer relationships and working with the company's network of manufacturer's representatives. The primary customers for Nortech Systems' electronics manufacturing services are original equipment manufacturers (OEMs) in industries such as medical products, automotive, aerospace/defense and computers.

"Barry's proven sales skills and industry experience make him extremely well-qualified for this important role," says Greg Tweed, Executive Vice President and Chief Operating Officer of Nortech Systems. "His familiarity with Nortech Systems goes back more than a dozen years, so he already has a hands-on understanding of our competitive strengths in the marketplace. These include our full-service and quick-turn capabilities, value-added engineering and ability to manage customer requirements, such as materials requirements planning." Adds Tweed, "We expect Barry to make a significant, positive impact to our team."

Before joining Nortech Systems, Jorich held a variety of positions during a 23-year career with AMP Incorporated, Harrisburg, Penn. Until its acquisition by Tyco International in 1999, AMP was the world's leading manufacturer of electrical, electronic, fiber-optic and wireless interconnection devices and systems. At one time, Jorich's responsibilities with AMP included selling connectors to Nortech Systems. Most recently, Jorich's role was Account Executive, responsible for growing sales to original equipment manufacturers and contract manufacturers across the Upper Midwest. Prior to that role, Jorich was National Sales Manager for the Advanced Cable Systems division of AMP, responsible for copper-based cable assemblies throughout the U.S.

In April, Nortech Systems reported net sales from continuing operations for the first quarter of 2001 rose 18 percent, to $14,845,304, compared to the same period in 2000. Net income for the first quarter of 2001 rose 20 percent, to $494,106 or $0.21 per share. For fiscal 2000, Nortech Systems reported net sales increased 42 percent, to $54,781,136, while net income rose 91 percent, to $0.86 per share.

Nortech Systems, Inc. (www.nortechsys.com), based in Wayzata, Minn., is a full-service electronics manufacturing services (EMS) provider of wire harnesses and cable assemblies, printed circuit board assemblies, higher-level assemblies and box builds for a wide range of industries. Markets served include medical, automotive, aerospace, computer, peripheral, commercial, telecom, government and consumer. Nortech Systems has additional Minnesota facilities in Aitkin, Baxter, Bemidji, Fairmont and Merrifield; and facilities in Augusta, Wis. Nortech Systems is traded on the Nasdaq Stock Market under the symbol NSYS.
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Publication:Business Wire
Date:Jul 10, 2001
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