International Displayworks (NASDAQ:IDWK)
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International DisplayWorks, Inc. ("IDW") (NASDAQ:IDWK),
announced today that it has received an initial volume production
order for TFT modules from a Tier-One Cell Phone Manufacturer. Initial
shipments are expected to commence next week. Consistent with previous
disclosures the minimum volume commitment remains unchanged. At the
request of its customer, IDW has not disclosed the company's name or
specific volumes.
Tom Lacey, Chairman and Chief Executive Officer of International
DisplayWorks commented, "We are obviously very pleased to have cleared
all of the technical, business and factory-related requirements
necessary to become an approved supplier and commence volume shipments
to this very important customer. This is a significant accomplishment
for the company. Our employees have been working diligently on this
project for many months and I am extremely proud that their collective
efforts have been rewarded. This order will enable us to leverage our
existing fixed operating costs as we grow our revenue base."
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. 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.