ANAHEIM, CA, Oct 05, 2006 (MARKET WIRE via COMTEX News Network) -- DDi Corp. (NASDAQ: DDIC), a leading provider of technologically
advanced PCB engineering and manufacturing services, announced today
the promotion of Michael Mathews to Senior Vice President -
Manufacturing Operations. Mr. Mathews has been serving as Vice
President - Quality and Process Engineering since joining the company
earlier this year.
As Senior Vice President - Manufacturing Operations, Mr. Mathews'
duties will include the day-to-day oversight of DDi's printed circuit
board (PCB) manufacturing operations with a focus on high quality,
on-time delivery of the Company's products and services. Mr. Mathews
replaces Brad Tesch, DDi's Chief Operations Officer, who has resigned
to join Veritek Manufacturing Services and lead the assembly business
recently acquired from DDi.
"Mike Mathews' promotion is a reflection of our commitment to quality
and efficiency throughout our operations," said Mikel Williams,
President and CEO, DDI Corp. "In addition, his background in both
engineering and business management with global leaders in PCB
manufacturing is well suited to take our operations to the next level
and achieve our key initiatives."
Mr. Mathews has more than 25 years experience in the oversight of
high quality manufacturing processes. Prior to joining DDi in February
2006, Mr. Mathews served in a number of management roles for
Sanmina-SCI, most recently as Vice President Operations & Quality,
PWB and Enclosures. While at Sanmina-SCI, Mr. Mathews also served as
Operations Manager, Vice President American Eastern Region Enclosure
Division and Vice President and General Manager PCB Division. He
began his career at Raytheon Company, Missile Systems Division, where
he rose to Manufacturing Operations Manager.
About DDi
DDi is a leading provider of time-critical, technologically advanced,
electronics manufacturing services. Headquartered in Anaheim,
California, DDi and its subsidiaries offer PCB engineering,
fabrication and manufacturing services to leading electronics OEMs
and contract manufacturers worldwide from its facilities across North
America and with manufacturing partners in Asia.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995
Except for historical information contained in this release,
statements in this release may constitute forward-looking statements
regarding the Company's assumptions, projections, expectations,
targets, intentions or beliefs about future events. Words or phrases
such as "anticipates," "believes," "estimates," "expects," "intends,"
"plans," "predicts," "projects," "targets," "will likely result,"
"will continue," "may," "could" or similar expressions identify
forward-looking statements. Forward-looking statements include, but
are not limited to, statements above that the proposed transactions
will be accretive to stockholders, DDi's ability to extend its
presence in other markets which it believes are less vulnerable to
other manufacturers, and the anticipated benefits of the proposed
transaction with Sovereign Circuits. Forward-looking statements
involve risks and uncertainties, which could cause actual results or
outcomes to differ materially from those expressed. We caution that
while we make such statements in good faith and we believe such
statements are based on reasonable assumptions, including without
limitation, management's examination of historical operating trends,
data contained in records, and other data available from third
parties, we cannot assure you that the Company's projections will be
achieved. In addition to other factors and matters discussed from
time to time in the Company's filings with the U.S. Securities and
Exchange Commission, or the SEC, some important factors that could
cause actual results or outcomes for DDi or its subsidiaries to
differ materially from those discussed in forward-looking statements
include: that the proposed divestiture of the assembly business and
the proposed acquisition of Sovereign Circuits may not close on a
timely basis or at all, including due to the failure to satisfy
closing conditions or otherwise; the anticipated benefits to the
Company of the sale of the assembly business and the acquisition of
Sovereign Circuits may not be realized; the final purchase prices
received as a result of the sale of the assembly business and the
price paid for Sovereign Circuits may be different than anticipated
due to post-closing adjustments; changes in general economic
conditions in the markets in which we may compete and fluctuations in
demand in the electronics industry; the Company's ability to sustain
historical margins; increased competition; increased costs; loss or
retirement of key members of management; increases in the Company's
cost of borrowings or unavailability of additional debt or equity
capital on terms considered reasonable by management; and adverse
state, federal or foreign legislation or regulation or adverse
determinations by regulators. Any forward-looking statement speaks
only as of the date on which such statement is made, and, except as
required by law, we undertake no obligation to update any
forward-looking statement to reflect events or circumstances after
the date on which such statement is made or to reflect the occurrence
of unanticipated events. New factors emerge from time to time, and it
is not possible for management to predict all such factors.
For Further Information:
AT THE COMPANY:
Sally Goff
Chief Financial Officer
(714) 688-7200
Contact via http://www.marketwire.com/mw/emailprcntct?id=B097C9C76B6FCAB3
AT NMC Partners:
Kathleen Buczko
Investor/Analyst Information
(562) 366-1552Contact via http://www.marketwire.com/mw/emailprcntct?id=DE8986C52D0F4F37