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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes

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To: TokyoMex who wrote ()1/11/2000 12:13:00 PM
From: Dr. Microcap   of 34592
(PR Wires) PRW: Pen Interconnect Announces Sale of its PowerStream Tech
PRW: Pen Interconnect Announces Sale of its PowerStream Technology Division

IRVINE, Calif.--(BUSINESS WIRE)--Jan. 11, 2000--Pen Interconnect, Inc.
(OTCBB:PENC) announced today that it has sold its PowerStream Technology
division, headquartered in Orem, Utah, to a Utah-based company. Terms of the
sale were not disclosed.
"This is the initial step in a series of consolidations by Pen
Interconnect," said Stephen Fryer, Pen Interconnect President & CEO. "We are
continuing the restructuring that started early in 1999 to make Pen
Interconnect a more growth-oriented company," Fryer said.
"This infusion of new capital into PowerStream Technology will greatly
assist its development efforts and provide the ability to increase the
market penetration for our custom power products," said Daniele Reni,
President of PowerStream Technology. PowerStream Technology designs and
manufactures products including battery chargers, power supplies and DC/DC
convertors for a national and international market.
Pen Interconnect (OTCBB:PENC) provides the total manufacturing solution for
manufacturers, including circuit and board design, mechanical and product
design, prototype and volume board assembly and test, system services, and
custom power supply and battery changer design. It is headquartered in
Irvine, California.

CONTACT: Pen Interconnect, Inc.
Stephen Fryer, 949/798-5881
American Financial Communication
Jeff Lamberson, 415/380-3880
08:32 EST JANUARY 11, 2000
*** end of story ***
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