WYLIE, TX – Global Innovation Corp., provider of bare boards and contract assembly services, reported fiscal 2008 sales of $33.5 million, up 1.6% over 2007. Gross profits rose 14% to $7.2 million, while net income was up 93% to $348,000.

The higher sales were primarily attributable to new customers and partially offset by a sales decline at GIC’s largest customer. The higher gross profit was tied to a shift to higher technology products, and lower pricing pressures. Gross margins rose 240 basis points to 21.5% in 2008.