Pacific Aerospace & Electronics, Inc. to Appeal Nasdaq Determination At May 11, 2001 Hearing

Apr 20, 2001, 01:00 ET from Pacific Aerospace & Electronics, Inc.

    WENATCHEE, Wash., April 20 /PRNewswire Interactive News Release/ --
 Pacific Aerospace & Electronics, Inc. (Nasdaq:   PCTH), a diversified
 manufacturing company specializing in metal and ceramic components and
 assemblies, announced today that it received an additional notice from the
 Nasdaq Stock Market on April 18, 2001, indicating that the Company does not
 currently comply with Nasdaq Marketplace Rule 4450(a)(3), which requires that
 the Company maintain net tangible assets of at least $4 million, and that this
 issue will be considered at the Company's oral hearing before a Nasdaq hearing
 panel on May 11, 2001.  The May 11 hearing was originally scheduled to discuss
 the Company's appeal of Nasdaq's determination that the Company's stock should
 be delisted for failing to comply with Nasdaq's minimum bid price rule.  The
 Company notified Nasdaq of the additional deficiency in materials submitted to
 the hearings panel earlier this week, and, although there can by no assurance
 that the panel will grant the Company's request for continued listing, the
 Company plans to address both issues at the oral hearing.  Nasdaq has advised
 the Company that, pending completion of the panel appeal, the Company's common
 stock will continue to be listed on the Nasdaq National Market.  If the
 Company's common stock were delisted, it would most likely trade on the
 electronic bulletin board, rather than on either the Nasdaq National Market or
 SmallCap Market.
     Pacific Aerospace & Electronics, Inc. is an international engineering and
 manufacturing company specializing in technically demanding component designs
 and assemblies for global leaders in the aerospace, defense, electronics,
 medical, telecommunications, energy and transportation industries. The Company
 utilizes specialized manufacturing techniques, advanced materials science,
 process engineering and proprietary technologies and processes to its
 competitive advantage. Pacific Aerospace & Electronics has approximately
 1,000 employees worldwide and is organized into three operational
 groups -- U.S. Aerospace, U.S. Electronics and European Aerospace. More
 information may be obtained by contacting the company directly or by visiting
 its Web site at www.pcth.com.
     Forward-looking statements in this release concerning trends or
 anticipated results are made pursuant to the safe harbor provisions of the
 Private Securities Litigation Reform Act of 1995. Actual results could differ
 materially from those stated or implied in the forward-looking statements. The
 forward-looking statements in this release are not guarantees of future
 performance and are subject to risks and uncertainties related to the
 Company's operations and its ability to obtain sufficient cash if and when
 needed. These risks and uncertainties include, but are not limited to,
 competitive factors (including the possibility of increased competition or
 technological development, competitors, and price pressures); legal factors
 (such as limited protection of the Company's proprietary technology and
 changes in government regulation); financial factors (such as the Company's
 significant debt load); and the Company's dependence on key personnel and
 significant customers. More information about potential factors that could
 affect the Company's financial results is included in the Company's filings
 with the Securities and Exchange Commission. All forward-looking statements
 included in this release are based on information available to the Company as
 of the date of this release, and the Company assumes no obligation to update
 any such forward-looking statements.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X43589028
 
 

SOURCE Pacific Aerospace & Electronics, Inc.
    WENATCHEE, Wash., April 20 /PRNewswire Interactive News Release/ --
 Pacific Aerospace & Electronics, Inc. (Nasdaq:   PCTH), a diversified
 manufacturing company specializing in metal and ceramic components and
 assemblies, announced today that it received an additional notice from the
 Nasdaq Stock Market on April 18, 2001, indicating that the Company does not
 currently comply with Nasdaq Marketplace Rule 4450(a)(3), which requires that
 the Company maintain net tangible assets of at least $4 million, and that this
 issue will be considered at the Company's oral hearing before a Nasdaq hearing
 panel on May 11, 2001.  The May 11 hearing was originally scheduled to discuss
 the Company's appeal of Nasdaq's determination that the Company's stock should
 be delisted for failing to comply with Nasdaq's minimum bid price rule.  The
 Company notified Nasdaq of the additional deficiency in materials submitted to
 the hearings panel earlier this week, and, although there can by no assurance
 that the panel will grant the Company's request for continued listing, the
 Company plans to address both issues at the oral hearing.  Nasdaq has advised
 the Company that, pending completion of the panel appeal, the Company's common
 stock will continue to be listed on the Nasdaq National Market.  If the
 Company's common stock were delisted, it would most likely trade on the
 electronic bulletin board, rather than on either the Nasdaq National Market or
 SmallCap Market.
     Pacific Aerospace & Electronics, Inc. is an international engineering and
 manufacturing company specializing in technically demanding component designs
 and assemblies for global leaders in the aerospace, defense, electronics,
 medical, telecommunications, energy and transportation industries. The Company
 utilizes specialized manufacturing techniques, advanced materials science,
 process engineering and proprietary technologies and processes to its
 competitive advantage. Pacific Aerospace & Electronics has approximately
 1,000 employees worldwide and is organized into three operational
 groups -- U.S. Aerospace, U.S. Electronics and European Aerospace. More
 information may be obtained by contacting the company directly or by visiting
 its Web site at www.pcth.com.
     Forward-looking statements in this release concerning trends or
 anticipated results are made pursuant to the safe harbor provisions of the
 Private Securities Litigation Reform Act of 1995. Actual results could differ
 materially from those stated or implied in the forward-looking statements. The
 forward-looking statements in this release are not guarantees of future
 performance and are subject to risks and uncertainties related to the
 Company's operations and its ability to obtain sufficient cash if and when
 needed. These risks and uncertainties include, but are not limited to,
 competitive factors (including the possibility of increased competition or
 technological development, competitors, and price pressures); legal factors
 (such as limited protection of the Company's proprietary technology and
 changes in government regulation); financial factors (such as the Company's
 significant debt load); and the Company's dependence on key personnel and
 significant customers. More information about potential factors that could
 affect the Company's financial results is included in the Company's filings
 with the Securities and Exchange Commission. All forward-looking statements
 included in this release are based on information available to the Company as
 of the date of this release, and the Company assumes no obligation to update
 any such forward-looking statements.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X43589028
 
 SOURCE  Pacific Aerospace & Electronics, Inc.