IEC to File Restated Financial Statements Today

IEC to File Restated Financial Statements Today 
NEWARK, NY -- (Marketwired) -- 07/03/13 --  IEC Electronics Corp.
(NYSE MKT: IEC) announced that it is filing today with the Securities
and Exchange Commission an amended annual report on Form 10-K/A
including its restated financial statements for the fiscal year ended
September 30, 2012 and an amended quarterly report on Form 10-Q/A
with restated financial statements for the quarter ended December 28,
2012. The Company also is filing its 10-Q for the period ended March
29, 2013. Today's filings meet the time frame IEC outlined in its May
20, 2013 press release.  
W. Barry Gilbert, Chairman of the Board and CEO, stated, "We expect
to announce our results for the third fiscal quarter of 2013 on or
before August 10, 2013 and to resume our quarterly investor calls at
that time."  
About IEC Electronics
 IEC Electronics Corporation is a premier
provider of electronic manufacturing services ("EMS") to advanced
technology companies primarily in the military and aerospace,
medical, industrial and communications sectors. The Company
specializes in the custom manufacture of high reliability, complex
circuit cards, system level assemblies, a wide array of custom cable
and wire harness assemblies, precision sheet metal products, and
advanced research and testing services. As a full service EMS
provider, IEC is a world-class ISO 9001:2008, AS9100 and ISO13485
certified company. The AS9100 certification enables IEC to serve the
military and commercial aerospace markets. The ISO13485 certification
supports the quality requirements of medical device markets. The
Company is also AC7120 Nadcap accredited for electronics
manufacturing to support the most stringent quality requirements of
the aerospace industry, as well as ITAR registered and NSA approved
under the COMSEC standard. Dynamic Research and Testing Laboratories
(DRTL), the Company's newest business unit, is an ISO 17025
accredited laboratory specializing in the testing and detection of
counterfeit electronic parts, as well as component risk mitigation
and advanced failure analysis. IEC Electronics is headquartered in
Newark, NY (outside of Rochester) and also has operations in
Rochester, NY, Albuquerque, NM and Bell Gardens, CA. Additional
information about IEC can be found on it
s web site at  
This release contains certain statements that are, or may be deemed
to be, forward-looking statements within the meaning of section 27A
of the Securities Act of 1933 and section 21E of the Securities
Exchange Act of 1934, and are made in reliance upon the protections
provided by such Acts for forward-looking statements. These
forward-looking statements (such as when we describe what we
"intend," "expect," "anticipate" or "estimate" will occur, and other
similar statements) include, but are not limited to, all statements
that are not based on historical fact, but rather reflect our current
expectations concerning future results and events. The ultimate
correctness of these forward-looking statements is dependent upon a
number of known and unknown risks and events and is subject to
various uncertainties and other factors that may cause our actual
results, performance or achievements to be different from any future
results, performance or achievements expressed or implied by these
statements. Specific risks and uncertainties include, but are not
limited to, those set forth in the "Risk Factors" section of the
Company's latest Annual Report on Form 10-K/A and subsequent
Quarterly Reports on Forms 10-Q/A and 10-Q. Additional risks and
uncertainties resulting from the Company's restatement of its
financial statements described in the Company's latest Annual Report
on Form 10-K/A could, among others, (i) cause us to incur substantial
additional legal, accounting and other expenses, (ii) result in
additional shareholder, governmental or other actions, (iii) cause
our customers, including the government contractors with which we
deal, to lose confidence in us or cause a default under our
contractual arrangements, (iv) cause a default under the Company's
arrangements with M&T Bank with respect to which, if the Bank chooses
to exercise its remedies, the Company may not be able to obtain
replacement financing or continue its operations, (v) result in
delisting of the Company's stock from NYSE MKT (the "Exchange") if
the Exchange does not concur that the Company has regained compliance
with the Exchange listing standards and the Company's listing
agreement, or (vi) result in additional failures of the Company's
internal controls if the Company's remediation efforts are not
effective. Any one or more of such risks and uncertainties could have
a material adverse effect on the Company or the value of its common
We undertake no obligation to publicly update any forward-looking
statements, whether as a result of new information, future events, or
John Nesbett/Jennifer Belodeau
Institutional Marketing Services (IMS)
(203) 972-9200 
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