[October 07, 2004] Nortech Systems Hires National Account Manager; Addition of Patrick Beadles Advances Corporate Strategy MINNEAPOLIS --(Business Wire)-- Oct. 7, 2004 -- To strengthen its sales organization, Nortech Systems, Inc. (Nasdaq:NSYS) has named Patrick Beadles as a new National Account Manager. Beadle's responsibilities will include promoting Nortech's electronics manufacturing services to key existing commercial accounts and developing new customers. "Pat's addition is an important step in fulfilling our corporate strategy of an expanded sales footprint in the field, to grow our current business and to nurture new relationships," says Mike Degen, President and CEO of Nortech Systems. "His strong track record and excellent skill-set make him a terrific fit for this very important role." Beadles joins Nortech Systems after a 24-year career in sales and management with high-tech companies, most recently with ReyHan PGF, Eagan, Minn., a color separator and consultant firm serving printed circuit board fabricators and digital printers. Previously, Beadles held several positions with Buckbee-Mears, St. Paul, Minn., including Regional Sales Manager and Senior Technical Representative. Beadles' addition will help Nortech Systems broaden its customer base and better leverage existing accounts. Revenue has been increasing at Nortech Systems recently. In July, the company reported record net sales of $18.0 million for the second quarter of 2004, up 20 percent over the $15.0 million the company reported for the first quarter and up 24 percent from the second quarter of 2003. Nortech expects fiscal 2004 revenue to increase approximately 15 percent over 2003, in the range of $67 million to $68 million. Nortech Systems, Inc. (www.nortechsys.com), based in Wayzata, Minn., is a full-service electronics manufacturing services (EMS) provider of wire and cable assemblies, printed circuit board assemblies, higher-level assemblies and box builds for a wide range of industries. Markets served include medical, industrial, automotive, defense, computer, commercial, recreational, government and consumer. Nortech Systems has additional Minnesota facilities in Baxter, Bemidji, Fairmont and Merrifield. The company also has facilities in Augusta, Wis., and Monterrey, Mexico. Nortech Systems is traded on the Nasdaq Stock Market under the symbol NSYS. This press release contains forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. While this release is based on management's best judgment and current expectations, actual results may differ based on many factors, including the company's competitive performance and changes in market conditions. Photo: A high-resolution digital photo of Patrick Beadles is available by contacting Warren Djerf at [email protected] or (952) 920-3908. [ Back To TMCnet.com's Homepage ]