SOURCE: Texas Prototypes

August 03, 2006 07:30 ET

Eric Miscoll Joins TXP as Vice President Focusing on Strategy & Operations

RICHARDSON, TX -- (MARKET WIRE) -- August 3, 2006 -- TXP Corporation ("TXP") (OTCBB: TXPO), a global provider of Pre-Manufacturing Services for the electronics industry, today announced that Eric Miscoll has joined the company in the newly created position of vice president. Mr. Miscoll's scope of responsibilities will include corporate strategy, operational structure and management, business development, and marketing.

Mr. Miscoll, age forty-four, has over eight years of industry experience. Most recently, he served as chief operating officer of Technology Forecasters, Inc. (TFI), the leading strategic consulting firm to the outsourced electronics manufacturing industry. While at TFI, Mr. Miscoll was responsible for overall business operations, all client deliverables, and management of the Quarterly Forum for Outsourced Electronics Manufacturing and Supply Chain industry program. He was also responsible for reducing company-wide expenses by over 50 percent within twelve months and returning the company to profitability. Prior to joining TFI in 1998, Mr. Miscoll's work experience included organizational development within NASA's Engineering Teams and the United States Department of Justice. He began his career as an operations manager at Bank of America. Mr. Miscoll has a Ph.D. in Organizational Psychology from the California School of Professional Psychology.

Michael C. Shores, president and chief executive officer of TXP, commented, "Eric brings extensive experience within the electronics manufacturing industry, and has demonstrated tremendous ingenuity, by identifying new opportunities to improve operational efficiency. These skills will be invaluable as we continually find new ways to improve our clients' time-to-market and reduce their total production costs. We also look forward to benefiting from Eric's strong industry and media relationships as TXP Corporation rapidly gains wide-spread recognition within the electronics industry and leading trade publications."

Eric Miscoll stated, "After studying and reporting on the EMS industry for the past 8 years, it became clear that the relationship between OEMs and their EMS partners had become inefficient, requiring a new process for OEMs to bring their product to market faster and at high quality. TXP's Pre-Manufacturing Services model is a new paradigm for the industry, which allows OEMs to launch their product with confidence to any manufacturing site globally. Having watched the dramatic progress TXP Corporation has made over the past few years, I look forward to now being part of this exceptional team, and leveraging the strong industry relationships I have built."

About TXP

TXP, based in Richardson, Texas, is a global provider of Pre-Manufacturing Services for the electronics industry, supporting original equipment manufacturers, original design manufacturers, contract manufacturers and new technology innovators. The company excels in both design and supply chain solutions services for new product development which include prototyping and quick-turn electronic assembly, new product introduction, pilot production, material supply chain management as well as the transfer of product into production. TXP's core technology focus is on complex printed circuit board assemblies, photonics, optoelectronics, and advanced packaging solutions, while forging profitable business opportunities with well-positioned high speed, digital, analog, and RF technologies and industries that require complementary service requirements. By working closely with its customers and being highly responsive to their requirements throughout the design processes, TXP believes that it can be an integral part of its customers' operations, accelerate their time-to-market and time-to-volume production and reduce their product costs. TXP has three operating divisions that build on its core Design for Manufacturability foundation: TXP-Texas Prototypes, TXP-Photonics, and TXP-Solutions. For more information visit www.texasprototypes.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are "forward-looking statements" that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission which may cause actual results, performance and achievements of the company to be materially different from any future results, performance or achievements expressed or implied.

Contact Information

  • For Further Information:
    Michael C. Shores
    President/CEO
    TXP Corporation
    (214) 575-9300

    Investor Relations:
    David K. Waldman
    Crescendo Communications
    (212) 671-1020 x101