Business Services Industry
Advanced Technology International Holdings Ltd. of China Receives Initial Order to Manufacture PCBs for Polaroid
Business Wire, May 23, 2000
Business/High-Tech Editors
LOS ANGELES--(BUSINESS WIRE)--May 23, 2000
$1 Million Order to Supply PCBs to 2-in-1 Multifunction Digital Camera
and MP3 Player
Advanced Technology Holdings Limited, a wholly owned subsidiary of Score One, Inc. (OTCBB:SCRO), a leading designer and manufacturer of printed circuit boards (PCBs), announced today that it has received initial orders to manufacture the PCBs for Polaroid's new 2-in-1 multifunction product in digital camera MP3 players. The initial order exceeds US$1 million, and the company anticipates it will commence delivery by the end of June 2000.
"We believe this order, from a proven leader in the electronics and information technology (IT) sectors, demonstrates that our products are gaining added recognition in the new niche markets of the electronics industry," said C.W. (Roy) Ho, Chairman and President of Score One. He said that with the recent World Trade Organization recognition of China and the country's imminent "Most Favored Nation" status in the United States, the company expects an influx of accounts with other U.S. companies. He added that Advanced Technology anticipates manufacturing PCBs for other of Polaroid's products once the initial order is filled. "By capitalizing on strengthening trade relations, our experienced management team and tight quality control practices, we intend to expand the business to paramount levels in the new IT era," Ho added.
About Advanced Technology Holdings Limited
Advanced Technology International is a leading Chinese designer and manufacturer of application-specific printed circuit boards (PCBs) including flexible, double-sided conductive carbon and polyester-based PCBs for use in consumer electronics and telecommunications devices such as handheld organizers, scientific calculators, digital cameras and mobile phones. The company's products are sold primarily to original equipment manufacturers (OEMs) of brand name consumer electronics including Sharp, Canon, Citizen and Samsung. The company is certified at the ISO9002 level. Advanced Technology Holdings Limited is headquartered in Hong Kong with production and warehouse facilities in Dongguan, China.
Forward-looking statements in this release are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
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