The Law Firm of Goldman Scarlato & Karon, P.C. Announces Class Action Lawsuit Against PEMSTAR, Inc.

Goldman Scarlato & Karon, P.C., a law firm with offices
in Pennsylvania and Ohio, announces that a lawsuit has been filed in
the United States District Court for the District of Minnesota, on
behalf of persons who purchased or otherwise acquired publicly traded
securities of PEMSTAR, Inc. ("PEMSTAR" or the "Company") (NASDAQ:PMTR)
between January 29, 2003 and January 24, 2005, inclusive, (the "Class
Period"). The lawsuit was filed against PEMSTAR, Allen Berning, Roy
Bauer and Gregory Lea ("Defendants").
   If you are a member of this class and wish to view a copy of a
complaint and join this class action, please e-mail us at
[e-mail] and request a copy of the complaint and a plaintiff
certification. If you are a member of the Class, you may move the
Court no later than August 15, 2005 to serve as a lead plaintiff for
the Class. Any member of the purported class may move the Court to
serve as lead plaintiff through counsel of their choice, or may choose
to do nothing and remain an absent class member. However, if you
choose to remain an absent class member, unless and until a class is
certified, you are not represented by counsel.
   The complaint alleges that Defendants violated Sections 10(b) and
20(a) of the Securities Exchange Act of 1934 and Rule 10b-5
promulgated thereunder. Specifically, the complaint alleges that
Defendants issued a series of false and misleading financial
statements to the investing public regarding the Company's financial
position. More specifically, the complaint alleges that during the
Class Period, PEMSTAR was suffering from liquidity constraints that
prohibited it from achieving gross margin expansion, a prerequisite to
generating accounting profits. In addition, the Company failed to
disclose that it needed to attain approximately a 9% gross margin in
order to reach profitability, a level which would be unattainable in a
reasonable period of time.
   Additionally, the complaint alleges Defendants misrepresented the
Company's financial condition through the understatement of the
Company's liabilities associated with its Mexican facilities and
overstating its accounts receivables that were in fact impaired.
   On January 24, 2005, PEMSTAR issued a press release announcing
that it was revising its outlook for the third quarter of fiscal 2005
and that the Company had implemented a cost-reduction initiative. In
addition, it announced that it was restating its financial results for
the fiscal year ended March 31, 2004 due to accounting issues at it
Mexican facility. Shares reacted negatively to the news, falling to a
level roughly 70% below the Company's Class Period high.
   If you bought PEMSTAR securities between January 29, 2003 and
January 24, 2005, inclusive, and would like to obtain information
about the lawsuit, then you are invited to call [phone] to
speak with an advisor.