IEC Electronics Retains Lincoln Partners for Strategic Planning
Newark, New York - IEC Electronics Corp. (Nasdaq: IECE) announced today that it has retained the services of Lincoln Partners, LLC.
IEC's President and Chief Executive Officer Thomas Lovelock said, "IEC has engaged the investment banking firm Lincoln Partners to assist us in reviewing strategic alternatives to enhance shareholder value."
IEC is a full service, ISO-9001 and 9002 registered contract electronics manufacturer employing state-of-the-art production utilizing both surface mount and pin-through-hole technology. IEC offers its customers a wide range of manufacturing and management services, on either a turnkey or consignment basis, including design, prototyping, material procurement and control, concurrent engineering services, manufacturing and test engineering support, statistical quality assurance and complete resource management. Information regarding IEC can be found on its web site www.iec-electronics.com.
About Lincoln Partners
Lincoln Partners LLC, based in Chicago Illinois, is an investment bank specializing in merger and acquisition services, capital raising and financial advisory services to leading public companies, private equity groups and private companies. Information regarding Lincoln Partners can be found on its website at www.lincolnpartners.com.
The foregoing, including the discussion regarding the Company's future prospects, contains certain forward-looking statements that involve risks and uncertainties, including uncertainties associated with economic conditions in the electronics industry, particularly in the principal industry sectors served by the Company, changes in customer requirements and in the volume of sales to principal customers, the ability of the Company to assimilate acquired businesses and to achieve the anticipated benefits of such acquisitions, and competition and technological change. The Company's actual results of operations may differ significantly from those contemplated by such forward-looking statements as a result of these and other factors, including factors set forth in the Company's 2001 Annual Report on Form 10-K.