Coretec Inc.
TSX : CYY

Coretec Inc.

April 11, 2006 10:00 ET

Coretec Inc. Announces Enhanced Offshore Strategy

TORONTO, ONTARIO--(CCNMatthews - April 11, 2006) - Coretec Inc. (TSX:CYY), a leading designer and manufacturer of printed circuit boards (PCBs), announced today a more fully-integrated offshore strategy.

"It is generally accepted that a successful offshore strategy requires a tremendous level of advanced planning, commitment, focus and detailed execution", commented Jeff Canavor, Executive Vice President.

"Over the past number of months, we have had teams in China assessing prospective sourcing partners across a wide range of criteria --- business cultural fit, communication competency, technical depth, price competitiveness, responsiveness, and ease of doing business, to name a few."

"We are pleased to therefore announce we have chosen a primary supplier that fits extremely well with our strategy of having a competitive, highly integrated, and low-risk offering to our North American and European-based customers."

"This elevates our offshore offering to a more holistic model, thereby enhancing our competitiveness in terms of cost, delivery, quality and reliability across the complete product life cycle. Our customers will now be able to benefit from an offshore offering that integrates much more seamlessly with our significant prototyping and quick-turn PCB operations in North America."

With operations in Toronto, Denver and Cleveland, as well as off-shore sourcing competency to Asia, Coretec is one of the leading North American-based designers and fabricators of rigid and rigid-flex printed circuit boards for the prototype and quick turnaround production segments of the North American and European markets. Coretec distinguishes itself from its competitors by providing complete printed circuit board solutions, including design, advanced prototyping and quick turnaround production across a diverse range of product technologies and approvals.

This news release may include statements about future expectations, plans and prospects that may constitute forward-looking statements.


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