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For Immediate Release
Suntron Corporation Completes "Going Private" Transaction
PHOENIX, AZ.-DECEMBER 12, 2007--
Suntron Corporation ("Suntron") (NASDAQ SCM: SUNN), a leading provider of integrated electronics manufacturing solutions, announced today that its 90% stockholder, SUNN Acquisition Corporation ("SUNN"), completed the privatization of Suntron first announced and described in a press release dated October 3, 2007. As a result of the transaction, the former common stockholders of SUNN now own 100% of Suntron's common stock and public trading of Suntron's common stock has ceased.
"We believe the costs associated with being a public company in today's environment exceed the benefits for Suntron and we look forward to aligning our resources with the needs of our customers," stated Paul Singh, Suntron's President and Chief Executive Officer. "Customer satisfaction has been high, we are winning new business at a faster pace, and improvements made in our operating efficiencies will enhance our ability to deliver even better service to our customers," concluded Mr. Singh.
About Suntron Corporation:
Suntron is a leading provider of integrated electronics manufacturing services and solutions for the semiconductor capital equipment, aerospace and defense, industrial, and medical industries. Headquartered in Phoenix, Arizona, Suntron operates seven full-service, assembly facilities and two quick-turn assembly facilities in North America. Suntron's capabilities include complete system level integration as well as printed circuit card assembly, cable and harness production, and after-market repair and warranty services. In addition, Suntron offers a complete suite of design and engineering services, quick turn prototyping, product testing and direct order fulfillment. The Company has approximately 2,000 employees and contract workers.
Visit www.suntroncorp.com or call 888-520-3382 for more information.
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Paul Singh
President and CEO |
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Thomas B. Sabol
Chief Financial Officer
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602-789-6600
ir@suntroncorp.com
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