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Probe Manufacturing Reports Continuing Revenue Growth and Profitability

^{Published on 2010-11-17 14:55:33 - Market Wire}
 

IRVINE, Calif.--([ BUSINESS WIRE ])--Probe Manufacturing, Inc., [ (OTCBB:PMFI) ], a global electronics design, manufacturing and services company, reported its 4th consecutive quarter of revenue growth of $764,000. Probea™s manufacturing revenue increased by 100% over the same quarter last year and for the nine-month period ended September 30, 2010 Probe had net profit of $243,000.

"We are pleased with the diversification in our customer base and lower concentration risk as our current backlog has reached $1.7 million dollars and we anticipate continuing growth in our backlog"

Wea™re proud of our continuing revenue growth, in addition for the nine months ended September 30, 2010 our sales revenue was $2 million with no one customer comprising over 20% of that revenue. aWe are pleased with the diversification in our customer base and lower concentration risk as our current backlog has reached $1.7 million dollars and we anticipate continuing growth in our backlog,a stated John Bennett, Chief Financial Officer of Probe.

About Probe Manufacturing, Inc.

Probe Manufacturing is a locally global electronics design, manufacturing, and 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. Probea™s common stock is traded on the bulletin board under the symbol PMFI.PK or PMFI.OB. Further information is available on Probea™s website: [ www.probeglobal.com ].

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 Probea™s revenue growth in the last four quarters and whether the company will be able to sustain such growth in future quarters, whether the Companya™s current backlog will translate into higher profits for the Company and whether the Company can continue to grow its backlog.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 companya™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.