MINNEAPOLIS – June 30, 2015 – On a radio interview with Minnesota Public Radio (MPR) today, Rich Wasielewski, president and CEO of Nortech Systems, highlighted the continued value of the Export-Import Bank of the United States. Wasielewski said his company has used the Export-Import Bank to insure foreign receivables. He also stressed how Nortech’s large global customers need the Export-Import Bank to remain competitive in the global economy.
According to its website, the Bank’s mission is to be “… an independent federal agency that fills gaps in private export finance in order to bolster U.S. job growth at no cost to American taxpayers.”
Previously in February, Wasielewski traveled to Washington, D.C., to offer support for the Export-Import Bank on Capitol Hill, along with other Minnesota business leaders. This visit was the subject of a Minneapolis Star Tribune article.
- MPR Article: http://www.mprnews.org/story/2015/06/30/export-import-bank
- Star Tribune Article: http://strib.mn/1ERytUj
About Nortech Systems Incorporated
Nortech Systems Incorporated (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, and higher-level complete box build assemblies for a wide range of industries. Markets served include industrial equipment, aerospace/defense and medical. The company has manufacturing capabilities in the U.S. and Latin America. Nortech Systems Incorporated 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 and involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from the forward-looking statements include, without limitation: volatility in market conditions which may affect market supply of and demand for the company’s products; increased competition; changes in the reliability and efficiency of operating facilities or those of third parties; risks related to availability of labor; commodity and energy cost instability; general economic, financial and business conditions that could affect the company’s financial condition and results of operations; as well as risk factors listed from time to time in the company’s filings with the SEC.