Manufacturer Announces a "50:50 Fair Share" Productivity
Incentive Program.

Summary

Today Lighting Components and Design, the Deerfield Beach based Manufacturer of the Leecraft and Littelites Lines of Miniature Lighting Components and Assemb

lies, announced a "50:50 Fair Share" Productivity Incentive Program for over 100 of its Manufacturing Employees.

Two thirds of LC&D’s 160 Florida-based employees are eligible to participate, including all Manufacturing Direct Personnel. The Incentive Program will be self-funding out of productivity gains and cost savings.

Complete Story

Today Jon Cooper, President of Lighting Components and Design, Inc. (LC&D) announced record sales and backlog for the first Quarter of 1999. He said, in part:

"We are currently shipping products and accepting orders at a rate 20% greater than last year’s record levels and I project this will continue at least for the coming several years."

"We are reaping the rewards of a five year investment of time, energy and money in the Leecraft line and in our basic manufacturing, custom product design and support operations. Our multi-million dollar capital investment in automation, state of the art manufacturing systems, design systems, customer support and information systems gives LC&D a competitive edge in our market niche."

"We react to unique customer requirements and changing market needs much faster than competition straight across the board: from defining customer need… to LC&D’s custom designed solution… to prototypes and samples… to high volume production." Customers are excited by our response time of a few days or weeks, instead of several months – much faster than competition."

"Now that we have achieved our "critical mass" of production and engineering design staff and facilities, we will be focusing on new market opportunities for derivative products built on our current product line. This game plan has served us well for the past 5 years and we will stick with it, making it the ‘strong right leg’ of our growth strategy."

"The other leg of our growth strategy is a "selective strategic acquisition strategy" focusing on horizontal integration by acquiring product lines and companies having similar products or manufacturing processes, and ‘orphan’ product lines of much larger companies."

"I’m in this for the long haul, and under no pressure to buy any company today or tomorrow. Never the less, when opportunity knocks we will be ready to capitalize on the Strategic Alliance we formed last year with Merrill Lynch."

About Lighting Components and Design, Inc.

For further information about LC&D: who we are, what we do, company history, ISO/TS 16949:2002, recent developments, etc., click here.