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Electronic Components Provider Achieves Sales Record in April.(Nam Tai Electronics Inc.)(Brief Article)

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| May 09, 2005 | COPYRIGHT 2005 Close-Up Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Nam Tai Electronics Inc. today said it achieved a new monthly sales record of $63 million in April 2005. The previous single month sales record was $58.5 million in January 2005.

"Followed by the strong growth in the first quarter of 2005, it is very encouraging to see such remarkable growth as we enter the second quarter of 2005," said Joseph Li, chief executive officer of Nam Tai. "In view of the continuous sales orders from existing customers and the positive feedback from our potential customers, we are confident that our growth momentum will continue, bringing strong returns to our shareholders. Our target growth rate for sales remains 30% to 35% for 2005."

Nam Tai is an electronics manufacturing and design services provider to a select group of telecommunications and ...

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