Nam Tai Electronics, Inc. Software Subsidiary Namtek Named as Enterprise of Advanced Technology

Apr 02, 2001, 01:00 ET from Nam Tai Electronics, Inc.

    VANCOUVER, British Columbia, April 2 /PRNewswire/ -- Nam Tai Electronics,
 Inc. ("Nam Tai" or the "Company") (Nasdaq:   NTAI and NTAIW; CBOE Symbol: QNA)
 announced that its wholly owned subsidiary, Shenzhen Namtek Co., Ltd.
 ("Namtek") has been confirmed as a "Enterprise of Advanced Technology"
 following the completion of a review by a Shenzhen government evaluation team.
 Being an Enterprise of Advanced Technology entitles Namtek to various tax
 concessions including an extended three year 50% reduced tax rate of 7.5% and
 reduced import taxes on various equipment and technologies.
     Namtek, provides facilities and expertise to assist in new product
 research and development services, offering its customers program design for
 microprocessors, enhanced software design and development services.
 
     Share Repurchase Program Update
     Since announcing its share repurchase program on March 19, 2001 the
 Company repurchased a total of 96,900 common shares at an average price of
 $13.42.
 
     First Quarter Dividend
     The Company will pay the first quarter dividend of $0.10 per share on or
 before April 21, 2001 to shareholders of record at the close of business on
 April 1, 2001.
 
     Nam Tai Electronics, Inc. is an electronics design and manufacturing
 service provider to some of the world's leading original equipment
 manufacturers.  Nam Tai manufactures telecommunication products, palm-sized
 PCs, personal digital assistants, linguistic products, calculators, and
 various components including LCD modules for cellular phones, lithium ion
 rechargeable battery packs, transformers and LCD panels.  The Company utilises
 advanced production technologies such as chip on board ("COB"), chip on glass
 ("COG"), surface mount technology ("SMT"), ball grid array ("BGA"), tape
 automated bonding ("TAB"), and outer lead bonding ("OLB") technologies.
 Further information is available on Nam Tai's web-site at
 http://www.namtai.com.
 
 

SOURCE Nam Tai Electronics, Inc.
    VANCOUVER, British Columbia, April 2 /PRNewswire/ -- Nam Tai Electronics,
 Inc. ("Nam Tai" or the "Company") (Nasdaq:   NTAI and NTAIW; CBOE Symbol: QNA)
 announced that its wholly owned subsidiary, Shenzhen Namtek Co., Ltd.
 ("Namtek") has been confirmed as a "Enterprise of Advanced Technology"
 following the completion of a review by a Shenzhen government evaluation team.
 Being an Enterprise of Advanced Technology entitles Namtek to various tax
 concessions including an extended three year 50% reduced tax rate of 7.5% and
 reduced import taxes on various equipment and technologies.
     Namtek, provides facilities and expertise to assist in new product
 research and development services, offering its customers program design for
 microprocessors, enhanced software design and development services.
 
     Share Repurchase Program Update
     Since announcing its share repurchase program on March 19, 2001 the
 Company repurchased a total of 96,900 common shares at an average price of
 $13.42.
 
     First Quarter Dividend
     The Company will pay the first quarter dividend of $0.10 per share on or
 before April 21, 2001 to shareholders of record at the close of business on
 April 1, 2001.
 
     Nam Tai Electronics, Inc. is an electronics design and manufacturing
 service provider to some of the world's leading original equipment
 manufacturers.  Nam Tai manufactures telecommunication products, palm-sized
 PCs, personal digital assistants, linguistic products, calculators, and
 various components including LCD modules for cellular phones, lithium ion
 rechargeable battery packs, transformers and LCD panels.  The Company utilises
 advanced production technologies such as chip on board ("COB"), chip on glass
 ("COG"), surface mount technology ("SMT"), ball grid array ("BGA"), tape
 automated bonding ("TAB"), and outer lead bonding ("OLB") technologies.
 Further information is available on Nam Tai's web-site at
 http://www.namtai.com.
 
 SOURCE  Nam Tai Electronics, Inc.