SILICONRAX AND SLIGER DESIGNS AGREE TO MERGE

Siliconrax, A Leading Industrial PC System Solutions Provider, and Sliger Designs, A Leading Integrated Enclosure Design & Manufacturer, Announce Merger Agreement—A Gigantic Insight, Looking Ahead toward the Coming 21st Century.

SUNNYVALE, Calif.-- July 13, 1999 -- SILICONRAX, based in the heart of Silicon Valley, Sunnyvale, CA, and SLIGER DESIGNS, based in Reno, NV, took a giant step forward by announcing the merger of the two major companies.

The new SILICONRAX-SLIGER will become a formidable Industrial PC company by combining their respective expertise: complete Industrial PC System Solutions and outstanding Rackmount Designs & Manufacturing.

"As a major historical step forward, SILICONRAX-SLIGER aims to redefine a new order by establishing a dominant leadership in the Industrial PC industry for the coming 21st century," claimed Jason Cho, President of SILICONRAX. " The merged company will proceed to be a truly global leader in manufacturing the superlative quality of Rackmount Systems and complete Customized Systems Integration."

Added Cho: "SILICONRAX has persistently and successfully focused on developing a complete system integration solution in order to satisfy customers¡¯ sophisticated needs. Through our genuine efforts on executing strategic and intensive global market planning and excellent client-oriented services, SILICONRAX has generated strong, yet ever-growing sales volumes since its inception."

The new combined company will have an expanded sales team with a well-projected global market strategy in addition to the SILICONRAX¡¯ strong nationwide presence. The customers in CTI, ISP, and Networking industries will maximize the huge benefits from the merge for greater breadth and depth of client service and technical support.

"The proposed merger will generate enormous synergy effects for both of domestic and worldwide customers," said Dale Sliger, President of SLIGER DESIGNS. "The new company SILICONRAX-SLIGER will meet beyond the accelerating demands of the existing markets of Industrial PC system solutions and various rackmount enclosures today."

Added Sliger: "In fact, SLIGER has been able to provide the precision manufacturing environment to assure quality products. Now, the customers also will benefit from the new company¡¯s locations: Silicon Valley, the most renowned high-tech area in the world, and Reno, strategically placed in the proximity of major interstates highways, rail lines, and international airport for fast shipping and on-time delivery to anywhere in the whole world."

After the merge, SILICONRAX-SLIGER will be truly a global leader in the Industrial PC industry by providing a fully scaled Industrial PC solution, and fast interactive customer support. Each of these companies brings corresponding and reciprocal strengths to the merger. Such structure effective and cost-efficient systems will surely guarantee the most innovative and value-added products at the most reasonable pricing for customers from the new merger of SILICONRAX-SLIGER.

About the Companies
SILICONRAX, nestled in the heart of Silicon Valley, has been continuously growing to be a true leader in Industrial Rackmount Server Solutions. SILICONRAX specializes not only in manufacturing a whole variety of rugged rackmount enclosures, but also in providing world-class, integrated solutions with CT, ISP, and Networking industries. Siliconrax has long accumulated the advanced technologies and innovative applications by successfully working with the most prestigious companies and military contractors: Intel, Microsoft, L3 Communications, Lucent, Altigen, NASA, Lockheed, Boeing, Raytheon, JPL, and many other Fortune 500 companies.

SLIGER DESIGNS is a leader in providing quality, custom-built enclosures for the Industrial computer market. Engineering, design and manufacturing facilities utilizes state of the art CAD/CAM, laser and fully automated robotic technologies to insure all phases of the product development cycle. All Made in USA, Sliger Designs manufactures all their products with the latest robotic equipment in their 100,000+ sq. ft. Reno facility. With the latest manufacturing equipment including an Amada Apelio II 357 58 Station Turrent, an Amada Apelio III 357 Vipros 1500 watt laser/punch combination machine, Amada Astro 100 Fab III 8 Ft 100 ton, Sliger Designs guarantees the top quality products and service to meet the specific customers' needs.

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