MERX Merix (MM)

Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Merix Corporation HARTFORD, Conn., June 28 /PRNewswire/ -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the District of Oregon on behalf of all persons who purchased the publicly traded securities of Merix Corporation, (NASDAQ:MERX) ("Merix") between July 1, 2003 and May 13, 2004, inclusive (the "Class Period"). The Complaint alleges that Merix, a manufacturer of electronic- interconnect solutions for use in sophisticated electronic equipment, and certain of its officers and directors issued materially false statements concerning the Company's financial condition. Specifically, defendants failed to disclose the following: (i) that Merix over relied, in their financial projections, on the customers' future demand for premium-priced and reduced- lead-time products, which had previously accounted for 50% of the Company sales; (ii) that Merix failed to adequately insulate itself from the softening demand, specifically with regard to supply needs of a major networking customer; and (iii) that Merix failed to appreciate the market conditions, which did not support the Company's aggressive growth. As a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company and their earnings projections. On May 13, 2004, after the close of the market, Merix revised guidance for the fourth quarter of fiscal 2004, ending on May 29, 2004. On this news, shares of Merix fell $4.64 per share or 30.29% to close at $10.68 on May 14, 2004. If you are a member of the class, you may, no later than August 16, 2004 request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members, including decisions concerning settlement. The securities laws require the Court to consider the class member(s) with the largest financial interest as presumptively the most adequate lead plaintiff(s). For more information about the case, its claims, and your rights, please contact Schatz & Nobel toll-free at (800) 797-5499, or by e-mail at . To view a copy of the lawsuit initiating the class action, or for more information about class action cases and Schatz & Nobel, please visit our website: http://www.snlaw.net/. CONTACT: Nancy A. Kulesa Tel.: (800) 797-5499 Website: http://www.snlaw.net/ e-mail: DATASOURCE: Schatz & Nobel, P.C. CONTACT: Nancy A. Kulesa of Schatz & Nobel, P.C., +1-800-797-5499, Web site: http://www.snlaw.net/

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