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Bel Reopens Dominican Republic Facility in New 40,000 Square Foot Building FOR RELEASE: IMMEDIATELY August 15, 2003 JERSEY CITY, New Jersey, August 15, 2006 . . . Bel Fuse Inc. (NASDAQ:BELFA & NASDAQ:BELFB) announced today that it has reopened a new, higher capacity 40,000 square foot facility in San Christobal, Dominican Republic. The new building, located in the same 'free-zone' industrial park, replaces the facility which was severely damaged by fire on February 17, 2006. "The building's increased capacity will enable Bel to raise production and add new product lines to this facility," said Daniel Bernstein, President of Bel. Bernstein noted that, prior to the fire at the old facility, sales of products manufactured at Bel's About Bel Bel (www.belfuse.com) and its subsidiaries are primarily engaged in the design, manufacture and sale of products used in networking, telecommunications, high speed data transmission and consumer electronics. Products include magnetics (discrete components, power transformers and MagJack®s), modules (DC-DC converters, integrated analog front end modules, custom designs), circuit protection (miniature, micro and surface mount fuses) and interconnect devices (passive jacks, plugs and cable assemblies). The Company operates facilities around the world. Forward-Looking Statements Except for historical information contained in this news release, the matters discussed (including the statements regarding increasing production and adding new product lines to the Dominican Republic facility) are forward looking statements that involve risks and uncertainties. Among the factors that could cause actual results to differ materially from such statements are: the logistical difficulties associated with shifting production to other facilities, the time necessary for the Company to add new product lines to the facility, the reactions of the Company's customers as well as other uncertainties detailed from time to time in the Company's SEC reports. In light of the risks and uncertainties, there can be no assurance that any forward‑looking statement will in fact prove to be correct. We undertake no obligation to update or revise any forward‑looking statements. * * * * * #4196 Bel Fuse Inc. tel 201.432.0463 fax 201.432.9542 Investor Contact: Neil Berkman Associates (310) 277-5162 Company Contact: Daniel Bernstein President | ||
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