EX-99.1
2
a05-10303_1ex99d1.htm
EX-99.1
Exhibit
99.1
Contacts:
Frederick M. Green,
President and Chief Executive
Officer
Phone: (763) 592-1900
Donald L. Henry,
Vice President and Chief
Financial Officer
Phone: (763) 592-1900
Ault Incorporated Announces Sale of Building
Ault Reports Sale of its
Corporate Headquarters Facility
MINNEAPOLIS - May 27, 2005 -
Ault Incorporated (Nasdaq NMS: AULT) reported today that it has sold its
corporate headquarters building in Brooklyn Park, Minnesota for $3.85
million. Details of the sale are not
available.
Ault built the 64,000-square-foot
facility in 1999 as its corporate headquarters for domestic manufacturing,
engineering design and support as well as administrative services. Ault will lease back a portion of the
building under the terms of the agreement.
Ault is a leading
manufacturer of power conversion products headquartered in North America. The Company is a major supplier to original
equipment manufacturers of wireless and wire line communications infrastructure,
computer peripherals and handheld devices, medical equipment, industrial
equipment and printing/scanning equipment.
Statements
regarding Ault's anticipated future performance are forward-looking and
therefore involve risks and uncertainties that could cause results or
developments to differ significantly from those indicated in the
forward-looking statements. These
include, but are not limited to: market conditions in the global electronics
industry, buying patterns of major customers, competitive products and
technologies, the ability to control expense growth, and other factors set
forth in the Company's filings with the Securities and Exchange Commission.
# # #

EX - 99 . 1 2 a05 - 10303 _ 1ex99d1 . htm EX - 99 . 1 Exhibit 99 . 1 Contacts : Frederick M . Green , President and Chief Executive Officer Phone : ( 763 ) 592 - 1900 Donald L . Henry , Vice President and Chief Financial Officer Phone : ( 763 ) 592 - 1900 Ault Incorporated Announces Sale of Building Ault Reports Sale of its Corporate Headquarters Facility MINNEAPOLIS - May 27 , 2005 - Ault Incorporated ( Nasdaq NMS : AULT ) reported today that it has sold its corporate headquarters building in Brooklyn Park , Minnesota for $ 3.85 million . Details of the sale are not available . Ault built the 64,000 - square - foot facility in 1999 as its corporate headquarters for domestic manufacturing , engineering design and support as well as administrative services . Ault will lease back a portion of the building under the terms of the agreement . Ault is a leading manufacturer of power conversion products headquartered in North America . The Company is a major supplier to original equipment manufacturers of wireless and wire line communications infrastructure , computer peripherals and handheld devices , medical equipment , industrial equipment and printing / scanning equipment . Statements regarding Ault 's anticipated future performance are forward - looking and therefore involve risks and uncertainties that could cause results or developments to differ significantly from those indicated in the forward - looking statements . These include , but are not limited to : market conditions in the global electronics industry , buying patterns of major customers , competitive products and technologies , the ability to control expense growth , and other factors set forth in the Company 's filings with the Securities and Exchange Commission . # # #
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