HIALEAH, FL – Contract manufacturer Simclar Inc. reported net income for the third quarter was $415,330, down 32.8% year-over-year.

Revenue for the quarter was $33.15 million, up 8% year-over-year.

Pre-tax income was $626,568, down about 39% compared to the same quarter in 2006. Escalating losses in North Carolina operations, poor financial results at the company’s Dayton, OH facility, and raw material shortages were the main factors contributing to the decline in earnings, Simclar said.

Chairman Sam Russell said, "The results for the third quarter were disappointing and we have quickly taken corrective actions. We recently announced the rationalization of our North Carolina sheet metal operations, which are being transferred to our facility in Mexico to take advantage of the lower costs and integration capabilities with PCBA, cable harness, and high-level assembly. We have also changed the general manager at our Dayton, OH plant as a result of that facility's poor trading performance. Material shortages had a particularly adverse affect on our backplane assembly operations; however, we are seeing improvements and, as of now, we do not anticipate any further disruptions from our material suppliers."

TORONTO – Adeptron Technologies Corp. reported a third-quarter loss of $1.12 million, including a one-time $460,263 restructuring charge for consolidation of its Markham manufacturing facilities.

San Bruno, CA – Worldwide Manufacturing USA Inc. announced record revenues for the third quarter of nearly $3 million, up 5.8% year-over-year.

This increase was the result of an increase in orders, the company said.

Revenues year-to-date were $8.45 million, up approximately 5% compared to the first nine months of last year.

Net income before tax for the third quarter was $137,553, a decrease of approximately 69%, the engineering firm and contract manufacturer said.

This was the result of an increase in public cost, as well as expenses associated with finding potential acquisitions for the company, Worldwide Manufacturing reported.

Year-to-date net profit before tax was $480,994, a decrease of approximately 15.7%.

Jimmy Wang, CEO of Worldwide, stated, "We continue to focus on acquisition targets as well as internal growth. The trend of record revenues continues."

PHOENIX – EMS provider Suntron Corp. reported net sales of $52.5 million and a net loss of $400,000 for the third quarter of 2007.

The results included charges of $200,000 for stock-based compensation and $100,000 for restructuring expenses.

Gross profit for the third quarter was $4 million, flat with the same period last year, and down 32% sequentially.

"Our focus on working capital management has helped us significantly reduce our bank debt to $6.4 million at the end of the third quarter of 2007," stated Paul Singh, president and CEO.