SANTA CLARITA, Calif.--(BUSINESS WIRE)--Oct. 24, 2000--Taitron Components Inc. (Nasdaq:TAIT - news), the ``Discrete Components Superstore,'' today announced that the company is participating in Standard & Poor's Investor Relations Programs and that Standard & Poor's will be issuing a Stock Report on the company.
The Stock Report does not include a Standard & Poor's STARS (``Stock Appreciation Ranking System'') opinion; however, the report does provide independent and objective information about the company.
Stewart Wang, chief executive officer, commented: ``We are pleased to be a participant in the Standard & Poor's Investor Relations Program. We are pleased with our growth during this year and we expect the Stock Report will help the investment community evaluate the true value of our company.''
Taitron, based in Santa Clarita, is the ``Discrete Components Superstore.'' The company distributes a wide variety of transistors, diodes and other discrete semiconductors, optoelectronic devices and passive components utilized by other electronic distributors, original equipment manufacturers and contract electronic manufacturers.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, such factors as general economic conditions, fluctuations in product demand, the company's ability to maintain customer and vendor relationships, technological advancements, impact of competitive products and pricing, risks of foreign operations, and other information detailed from time to time in the company's filings with the U.S. Securities and Exchange Commission.