IEC Electronics to Begin Trading on Nasdaq Stock Exchange

NEWARK, N.Y., Dec. 13, 2019 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (NYSE American: IEC) today announced that it has been approved for listing on the Nasdaq Global Market under the symbol “IEC”.  Trading on the Nasdaq Global Market is expected to commence on Thursday, January 2, 2020.  The Company’s shares of common stock will continue to trade on the NYSE American until the close of the market on Tuesday, December 31, 2019.

Jeffrey T. Schlarbaum, President and CEO of IEC Electronics commented, “We are excited to join Nasdaq.  Given our strong growth in revenue and profitability, we believe this move will further enhance our visibility in the marketplace, expose our Company to a larger audience of institutional investors and ultimately increase liquidity and shareholder value.”

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About IEC Electronics

IEC Electronics is a provider of electronic manufacturing services ("EMS") to advanced technology companies that produce life-saving and mission critical products for the medical, industrial, aerospace and defense sectors.  The Company specializes in delivering technical solutions for the custom manufacture of complex full system assemblies by providing on-site analytical testing laboratories, custom design and test engineering services combined with a broad array of manufacturing services encompassing electronics, interconnect solutions, and precision metalworking.  As a full service EMS provider, IEC holds all appropriate certifications for the market sectors it supports including ISO 9001:2008, AS9100D, and ISO 13485, and is Nadcap accredited.  IEC Electronics is headquartered in Newark, NY and also has operations in Rochester, NY and Albuquerque, NM.  Additional information about IEC can be found on its web site at www.iec-electronics.com.

Note Regarding Forward-Looking Statements

References in this release to “IEC,” “IEC Electronics,” the “Company,” “we,” “our,” or “us” mean IEC Electronics Corp. and its subsidiaries except where the context otherwise requires. This release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995.  In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “optimistic,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar words or phrases.  These forward-looking statements include, but are not limited to, statements regarding future sales and operating results, future prospects, the capabilities and capacities of business operations, any financial or other guidance and all statements that are not based on historical fact, but rather reflect our current expectations concerning future results and events.  The ultimate correctness of these forward-looking statements is dependent upon a number of known and unknown risks and events and is subject to various uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements.