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ATF Artaflex

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Share Name Share Symbol Market Type
Artaflex TSXV:ATF TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Artaflex Provides Additional Details Relating to MTI International

23/07/2012 10:07pm

Marketwired Canada


Artaflex Inc. (TSX VENTURE:ATF) ("Artaflex"), further to its press release on
July 17, 2012, wishes to provide financial details relating to MTI
International, Inc. ("MTI"), a U.S. based company located in Milwaukee,
Wisconsin operating in the electronics manufacturing services (EMS) industry.
Artaflex intends to acquire MTI pursuant to the previously announced definitive
agreement and plan of merger under Delaware laws with an indirect wholly-owned
subsidiary of Artaflex. MTI is debt free with net sales of US$18,183,908, net
income of US$1,497,204, total assets of US$5,382,757 and total liabilities of
US$3,437,981 for the year ended December 31, 2011 as shown in its audited annual
financial statements for that period. 


About Artaflex: 

Artaflex is a specialist at delivering integrated product solutions and support
to the global technology and electronics industry. As a leading global provider
of complete Electronics Manufacturing Services (EMS), Artaflex offers world
class manufacturing facilities and global partners throughout Canada, the United
States, Israel and China, allowing Artaflex to provide its customers the
flexibility and scalability to competitively achieve total solutions to their
present and future electronics outsourcing needs. Visit Artaflex at:
www.artaflex.com.


About MTI: 

MTI International, Inc. is a leading provider of electronic manufacturing
services to aerospace, defense, medical, industrial, and automotive companies.
It provides end-to-end manufacturing solutions from new product introduction
through box-build product manufacturing while providing flexibility and support
to its customers' operations.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION
RELATING TO SUCH MATTERS AS EXPECTED FINANCIAL PERFORMANCE, BUSINESS PROSPECTS,
TECHNOLOGICAL DEVELOPMENTS, DEVELOPMENT ACTIVITIES AND LIKE MATTERS. THESE
STATEMENTS INVOLVE RISK AND UNCERTAINTIES, INCLUDING BUT NOT LIMITED TO RISK
FACTORS DESCRIBED IN DOCUMENTS FILED WITH REGULATORY AUTHORITIES. ACTUAL RESULTS
COULD DIFFER MATERIALLY FROM THOSE PROJECTED AS A RESULT OF THESE RISKS AND
SHOULD NOT BE RELIED UPON AS A PREDICTION OF FUTURE EVENTS. THE CORPORATION
UNDERTAKES NO OBLIGATION TO UPDATE ANY FORWARD-LOOKING STATEMENTS TO REFLECT
EVENTS OR CIRCUMSTANCES AFTER THE DATE ON WHICH SUCH STATEMENT IS MADE, OR TO
REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.


The TSX Venture Exchange has neither approved nor disapproved the contents of
this press release.


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