41% Growth Last Year Called 1st Step Towards 100 to 125%+
Increase For 3 Year Period 1998-2001 for its Leecraft and Littelites
Product lines.

Summary

Jon Cooper, President of Lighting Components and Design, Inc., discussed plans for continued record sales growth for the three-year period 1998-2001 at their Customer Briefing Center in Deerfield Beach, Florida, today.

Citing its 1999 and 2000 sales and backlogs, combined with new orders in process and products under development, he stated:

• 1999 Sales Grew 41% over 1998.
• Only 10% of that 41% growth was through acquisition (of the Littelites Line), the balance, 31% was from its core Leecraft business.
• Year 2000 sales are projected to grow by 30% over 1999.
• Three-year growth from 1998 to 2001 is expected to be 100% to 125%, based on continued good economic conditions.
• New product developments and product line acquisitions are excluded from the above numbers and represent a significant additional upside potential.

Lighting Components and Design is a recognized leader in Manufacturing Technology providing a wide range of standard and custom Lampholders, Indicator Lights, LED Modular Arrays and Circuit Board Indicators. With its headquarters in Deerfield Beach Florida, LC&D maintains manufacturing operations in Deerfield Beach and in the Dominican Republic. Products are marketed under the Leecraft and Littelites trade names to OEM and Distributors worldwide.

Complete Story

"LC&D designs, manufactures and markets products under the Leecraft and Littelites trade names. We provide a wide range of Standard and Custom Designed Lampholders, Indicator Lights, LED Modular Arrays, Circuit Board Indicators, Wiring Harnesses and Assemblies.

"Our company markets its products to OEMs and Distributors in a wide range of industries: Automotive, Electronics, Appliance, Emergency Lighting, Signs, Displays, Gaming, etc.

Year- to- date sales growth exceeds even 1999’s record increase, while Shipments, Backlogs and Incoming Orders continue to climb.

"With 1999’s sales results (Y/T/D + balance of the year) virtually "in the bag," I can make the following projections and comparisons with a high degree of confidence:

• "LC&D experienced 41% year-to-year sales growth for 1999 vs. 1998, with our Backlogs and Incoming Orders at record high levels.
• Most of that growth came from our core Leecraft product line (31% of the 41%); the balance, 10%, came thought our acquisition of the Littelites line in June 1999.
• "The synergy between the lines and their channels of distribution being an added bonus as the Leecraft and Littelites lines continue to meet or exceed expectations.
• "Sales growth is projected to exceed 75% for 2000 vs. 1998, about 30% over 1999 on a much higher sales base, with 8 months already under our belt.
• "100% to 125% Growth is conservatively projected for 2001 vs. 1998 based on year to date results, backlogs and proposals in process, with significant "upside" potential – if the economy continues its long term upwards trend."
• "Dollar sales are confidential, but I can say that the annual increase in year-to-year dollar sales will grow each year as well (1998-2001).
• "These projections are reasonably conservative and assume no fundamental change in operations and product lines.
• "We continue to seek out new business opportunities through new product development and acquisition. (None are assumed in our volumes projections).
• "Recently we increased our focus on new product development and advanced lighting technologies, adding incremental headcount to support those efforts. However, the fruits of those efforts may take 1-3 years before appearing in the market place and would only serve to increase the above projections.

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.