LaBarge, Inc. Finalizes Sale of ScadaNET Network(TM) Business

  ST. LOUIS, Aug. 7 /PRNewswire-FirstCall/ -- LaBarge, Inc. (Amex: LB)
announced today that it has successfully completed the planned sale of the
remaining portion of its ScadaNET Network(TM) remote equipment monitoring
business. The Company announced in March that it intended to exit the
business, which represented less than 1 percent of LaBarge's consolidated
revenues. The Company said the sale enables it to concentrate on its growing
core contract electronics manufacturing business. 
Under the terms of the sale, Network Technologies Group LLC purchased
assets and assumed contractual obligations relating to the ScadaNET business.
Network Technologies Group LLC is a new company formed by former LaBarge vice
president Thomas Hilleary. The cash transaction is valued at approximately the
book value of the assets; thus, the impact of the transaction on LaBarge's
fiscal 2004 first-quarter results will be insignificant. 
LaBarge, Inc. is a broad-based provider of electronics to technology-driven companies in diverse industrial markets. The Company provides its
customers with sophisticated electronic products through contract design and
manufacturing services. Headquartered in St. Louis, LaBarge has operations in
Arkansas, Missouri, Oklahoma and Texas. The Company's Web site address is
http://www.labarge.com . 
  Statements contained in this release relating to LaBarge, Inc. that are
not historical facts are forward-looking statements within the meaning of the
federal securities laws. Matters subject to forward-looking statements are
subject to known and unknown risks and uncertainties, including economic,
competitive and other factors that may cause LaBarge or its industry's actual
results, levels of activity, performance and achievements to be materially
different from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking statements.
Important factors that could cause LaBarge's actual results to differ
materially from those projected in, or inferred by, forward-looking statements
are (but are not necessarily limited to) the following: the impact of
increasing competition or deterioration of economic conditions in LaBarge's
markets; cutbacks in defense spending by the U.S. Government; loss of one or
more large customers; LaBarge's ability to replace completed and expired
contracts on a timely basis; the outcome of litigation the Company is party
to; increases in the cost of raw materials, labor and other resources
necessary to operate LaBarge's business; the availability, amount, type and
cost of financing for LaBarge and any changes to that financing; and other
factors summarized in our reports filed from time to time with the Securities
and Exchange Commission. Given these uncertainties, undue reliance should not
be placed on the forward-looking statements. Unless otherwise required by law,
LaBarge disclaims any obligation to update any forward-looking statements or
to publicly announce any revisions thereto to reflect future events or
developments.
  

SOURCE  LaBarge, Inc. 
-0-                             08/07/2003 
/CONTACT:  Colleen Clements of LaBarge, Inc., +1-314-997-0800, ext. 409,
colleen.clements@labarge.com / 
/Web site:  http://www.labarge.com / 
(LB) 
CO:  LaBarge, Inc.; Network Technologies Group LLC
ST:  Missouri
IN:  CPR AIR ARO OIL
SU:  TNM 
-0- Aug/07/2003 21:05 GMT
 
 
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