Probe Manufacturing Secures $180,000 Medical Device Manufacturing Contract and Exceeds $2.7 Million in Open Orders
Irvine, California, (August 23, 2011) Probe Manufacturing, Inc., (Exchange OTC QB: CETY)http://www.ceti.io/, a global electronics design and manufacturing services company is pleased to announce that it has secured a $180,000 blanket purchase order from an existing medical device manufacturing client with the first order due in 3rd quarter of 2011.
New orders have increased by 257% year-to-date as compared to the same period last year. This brings our total open orders to $2.75 million. “Despite ongoing turmoil in the U.S. economy, we have experienced increased sales from our existing customer base, especially from clients in industries which continue to grow, such as healthcare,” states Kam Mahdi, CEO of Probe Manufacturing.
About Probe Manufacturing, Inc.
Probe Manufacturing is a global electronics design & manufacturing services company providing innovators with business services through our factory in California as well as factories Worldwide. Headquartered in Irvine, California, Probe has been serving industrial, instrumentation, medical, aerospace, defense and automotive industries since 1994. Probe’s common stock is traded on the OTC QB market under the symbol CETY. Further information is available on Probe’s website: www.ceti.io.
* * * This release contains certain forward-looking statements (under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) with respect to whether Probe can maintain its revenue growth experienced year-to-date, whether such new business will be profitable for the company and whether Probe will continue to experience sales from existing customers. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to, the following: uncertainties relating to changes in general economic and market conditions; uncertainties regarding changes in the EMS industry; the uncertainties relating to the implementation of our global business strategy; and other risk factors as outlined in the company’s periodic reports, as filed with the U.S. Securities and Exchange Commission. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.