International Displayworks (NASDAQ:IDWK)
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International DisplayWorks, Inc. (IDW) (NASDAQ:IDWK),
announced today that it has been awarded MP3 player related display
business with SanDisk (SNDK). IDW has commenced shipments of
monochrome based displays this week and expects to commence color
display shipments in the next few months. Forecasted revenue over the
next 12 months is expected to exceed $20 million.
Tom Lacey, Chairman and Chief Executive Officer of International
DisplayWorks, commented, "This is a significant accomplishment for IDW
as it further demonstrates our ability to earn high-volume business
from world class companies. It speaks to the overall quality of our
team -- of which I am intensely proud. We are pleased to be working
with a company of this caliber and look forward to a long and mutually
beneficial relationship."
About International DisplayWorks
International DisplayWorks, Inc. is a manufacturer and designer of
high quality liquid crystal displays, modules and assemblies for a
variety of customer needs including OEM applications. IDW operates
466,000 square feet of manufacturing facilities in the People's
Republic of China (PRC). Sales offices are located in US, Europe, Hong
Kong, Singapore, and China. Copies of IDW's 10-K and other documents
as filed with the SEC are available through a link on our web site:
www.idwk.com.
NOTE: The foregoing is news relating to International
DisplayWorks, Inc. ("IDW") and contains forward-looking statements,
which are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. The forward-looking
statements involve risks and uncertainties that could cause actual
results to differ materially from the forward-looking statements.
Specific to this release IDW's inability to meet SanDisk's purchase
order and quality requirements, changes in market conditions for the
product or other factors beyond IDW's control could result in a
materially different revenue outcome. When used in this release, the
words "anticipate," "believe," "estimate," "expect" and similar
expressions as they relate to IDW or its management, including without
limitation, IDW and its subsidiaries, are intended to identify such
forward-looking statements. IDW's actual results, performance or
achievements could differ materially from the results expressed in, or
implied by these forward-looking statements. For more detailed
information the reader is referred to IDW's 10-K and other related
documents filed with the Securities and Exchange Commission. This does
not constitute an offer to buy or sell securities by the Company and
is meant purely for informational purposes.