SOURCE: IEC Electronics Corp.

IEC Electronics Corp.

November 02, 2009 09:33 ET

IEC Named to Forbes 200 Best Small Companies List

Company Ranked 29 Out of 200 Selected Companies

NEWARK, NY--(Marketwire - November 2, 2009) - IEC Electronics Corp. (NYSE Amex: IEC), a leading full service EMS provider specializing in complex electronics, today announced that it has been named to the Forbes 200 Best Small Companies in America. IEC has been ranked 29th out of the 200 small companies included on the list.

To qualify for the Forbes Best Small Companies List, companies must have sales between $5 million and $750 million and a stock price no lower than $5. Rankings are based on earnings growth, sales growth and return on equity in the past 12 months and over five years. Additionally Forbes compares the stock performance of each company with that of its peers.

Jeffrey Schlarbaum, Executive Vice President and President, IEC Contract Manufacturing, stated, "We are delighted to be recognized by Forbes as one of the Best Small Companies and we thank our employees who deliver the unique capabilities our company offers its customers."

About IEC

As a full service EMS provider, IEC is AS9100 and ISO-9001:2000 registered, and a NSA approved supplier under the COMSEC standard. The Company offers its customers a wide range of services including design, prototype and high reliability printed circuit board assembly, material procurement and control, manufacturing and test engineering support, and systems build. Information regarding IEC's third quarter 2009 results can be found on its web site at www.iec-electronics.com/documents/finance/Q3-2009release.pdf

The foregoing, including any 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, competition and technological change, the ability of the Company to control manufacturing and operating costs, satisfactory relationships with vendors. The Company's actual results of operations may differ significantly from those contemplated by any forward-looking statements as a result of these and other factors, including factors set forth in the Company's 2008 Annual Report on Form 10-K and in other filings with the Securities and Exchange Commission.

Contact Information

  • Contact:
    Heather Keenan
    IEC Electronics Corp.
    (315) 332-4262
    Email Contact

    John Nesbett/Jennifer Belodeau
    Institutional Marketing Services
    (203) 972 - 9200
    Email Contact