Apr 14, 2003 Kimberly Storin
212-704-9727
The MWW Group
ANAHEIM, CA � April 11, 2003 � DDi Corp. (Nasdaq SmallCap: DDIC), a leading provider of time-critical, technologically advanced interconnect services for the electronics industry, today announced that the Company�s common stock will be delisted from the Nasdaq SmallCap Market effective at the market-open on April 15, 2003. This action follows receipt of a determination letter from NASDAQ indicating that the Company�s common stock would be delisted for non-compliance with the Nasdaq SmallCap Market�s stockholders� equity requirement. The Company has decided not to appeal the determination, but will assess its listing alternatives subsequent to completion of its initiatives to restructure its balance sheet. The stock will be eligible to trade on the Over the Counter Bulletin Board (OTCBB) under the ticker symbol �DDIC� as early as April 15, 2003, provided a market maker enters a quote for the security.
The OTCBB is a regulated quotation service that displays real-time quotes, last sale prices and volume information in over-the-counter securities, which are traded on the OTCBB by a community of registered market makers, who enter quotes electronically.
Bruce McMaster, DDi�s Chief Executive Officer, commented, �We do not anticipate that the move to the OTCBB will have any material impact on the Company�s day-to-day business activities or its debt restructuring initiatives.�
About DDi Corp. DDi is a leading provider of time-critical, technologically advanced, electronics manufacturing services. Headquartered in Anaheim, California, DDi and its subsidiaries, with fabrication and assembly facilities located across North America and in England, service approximately 2,000 customers worldwide. Except for historical information contained in this release, statements in this release, including those of Mr. McMaster, may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, regarding our assumptions, projections, expectations, targets, intentions or beliefs about future event. Words or phrases such as �anticipates,� �believes,� �estimates,� �expects,� �intends,� �plans,� �predicts,� �projects,� �targets,� �will likely result,� �will continue,� �may,� �could� or similar expressions identify forward-looking statements. Forward-looking statements involve risks and uncertainties which could cause actual results or outcomes to differ materially from those expressed. We caution that while we make such statements in good faith and we believe such statements are based on reasonable assumptions, including without limitation, management�s examination of historical operating trends, data contained in records and other data available from third parties, we cannot assure you that our projections will be achieved. In addition to other factors and matters discussed elsewhere in our quarterly, annual and current reports that we file with the Securities Exchange Commission, or the SEC, some important factors that could cause actual results or outcomes for DDi or our subsidiaries to differ materially from those discussed in forward-looking statements include: (a) our inability to restructure our debt with our senior lenders, convertible noteholders and other stakeholders in such a manner for us to continue as a going concern;(b) the inability to successfully restructure our operations to reduce operating losses; (c) actions taken by debtholders and other creditors to enforce their rights under agreements in which an event of default has occurred; (d) changes in general economic conditions in the markets in which we may compete and fluctuations in demand in the electronics industry; (e) our ability to sustain historical margins as the industry develops; (f) increased competition; (g) increased costs; (h) our ability to retain key members of management; and (i) adverse state, federal or foreign legislation or regulation or adverse determinations by regulators. Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for management to predict all such factors.
DDi Corp.
www.ddiglobal.com
»
