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Shareholders Approve Increase of Authorized Shares

30 August 2000

Shareholders Approve Increase of Authorized Shares

    METHUEN, Mass--Aug. 30, 2000--Parlex Corporation reported today that at a special meeting of stockholders the resolution to approve the increase of the number of authorized shares of common stock from 10,000,000 shares to 30,000,000 was approved. As previously reported, these additional shares may be used from time to time for such corporate purposes as the declaration of stock dividends or stock splits, the acquisition of capital funds through the sale of stock, involvement in joint ventures and other strategic relationships, use in employee benefit plans such as issuance of stock options, the acquisition of other corporations or properties, and for future capital needs.
    On August 23, 2000 Parlex released it results for fiscal year ending June 30, 2000 with record sales of $101,839,000 and record earnings of $6,335,000 or $1.28 per share ($1.31 basic).