gerald_d
04-15-2004, 02:09 PM
Found on (http://www10.mcadcafe.com/nbc/articles/view_article.php?section=CorpNews&articleid=118647 ) the internet:
DURHAM, N.C., April 7 /PRNewswire/ -- ShopBot Tools, Inc., North America's leading low-cost, high-value manufacturer of computer numerically controlled (CNC) tools, recorded a 26 percent increase in sales during first quarter of 2004 when compared to first quarter 2003. The first quarter included the best January sales numbers in company history.
"We were affected by the post-9/11 economy," said Martha Barbour, business manager of ShopBot Tools, Inc. "But last October we saw a sudden increase in sales. To begin 2004 with such an incredible first quarter is very exciting for us."
Approximately 6,600 CNC tools were sold in the United States and Canada during 2003 -- most were sold for more that $100,000. The CNC industry was hurt by the downturn in manufacturing production between 2000 and 2003. However, it appears that ShopBot Tools gained market share during this period. The company now has nearly seven percent of the entire North American CNC tool market and 66 percent of the CNC tool market selling for less than $10,000.
ShopBots, manufactured by ShopBot Tools, Inc. of Durham, N.C., are CNC machines that use computer-controlled cutting heads to shape wood, stone or metal products.
About ShopBot Tools, Inc:
ShopBot Tools, Inc. is based in Durham, N.C. and designs, manufactures and provides technical support for low-cost, high-value computer numerically controlled (CNC) cutting machines. ShopBot was founded by CEO Ted Hall, Ph.D., a Duke University professor in neuroscience, who developed the tool while building plywood boats as a hobby. After several years of development, the company opened in 1997 -- selling tools out of Dr. Hall's barn. With nearly 3,000 ShopBots in 45 countries, ShopBot is now one of the largest producers of CNC flatbed routers in North America. It currently employees 30 people in the Durham, N.C. area. For more information visit: http://www.shopbottools.com/ .
CONTACT: Jeremy Gwaltney, PR-Marketing Rep for ShopBot Tools, Inc.,
+1-919-215-7538, or jgwaltney@shopbottools.com (mailto:jgwaltney@shopbottools.com)
Web site: http://www.shopbottools.com/
DURHAM, N.C., April 7 /PRNewswire/ -- ShopBot Tools, Inc., North America's leading low-cost, high-value manufacturer of computer numerically controlled (CNC) tools, recorded a 26 percent increase in sales during first quarter of 2004 when compared to first quarter 2003. The first quarter included the best January sales numbers in company history.
"We were affected by the post-9/11 economy," said Martha Barbour, business manager of ShopBot Tools, Inc. "But last October we saw a sudden increase in sales. To begin 2004 with such an incredible first quarter is very exciting for us."
Approximately 6,600 CNC tools were sold in the United States and Canada during 2003 -- most were sold for more that $100,000. The CNC industry was hurt by the downturn in manufacturing production between 2000 and 2003. However, it appears that ShopBot Tools gained market share during this period. The company now has nearly seven percent of the entire North American CNC tool market and 66 percent of the CNC tool market selling for less than $10,000.
ShopBots, manufactured by ShopBot Tools, Inc. of Durham, N.C., are CNC machines that use computer-controlled cutting heads to shape wood, stone or metal products.
About ShopBot Tools, Inc:
ShopBot Tools, Inc. is based in Durham, N.C. and designs, manufactures and provides technical support for low-cost, high-value computer numerically controlled (CNC) cutting machines. ShopBot was founded by CEO Ted Hall, Ph.D., a Duke University professor in neuroscience, who developed the tool while building plywood boats as a hobby. After several years of development, the company opened in 1997 -- selling tools out of Dr. Hall's barn. With nearly 3,000 ShopBots in 45 countries, ShopBot is now one of the largest producers of CNC flatbed routers in North America. It currently employees 30 people in the Durham, N.C. area. For more information visit: http://www.shopbottools.com/ .
CONTACT: Jeremy Gwaltney, PR-Marketing Rep for ShopBot Tools, Inc.,
+1-919-215-7538, or jgwaltney@shopbottools.com (mailto:jgwaltney@shopbottools.com)
Web site: http://www.shopbottools.com/