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IEC announces addition of VP of Sales and Marketing

May 10, 2004

IEC Electronics Corp. (IECE.OB) announced the addition of Jeffrey Schlarbaum as Vice President of Sales and Marketing. Mr. Schlarbaum brings 15 years of sales experience in the contract electronics manufacturing industry to IEC.

"We are pleased to add Jeff to the IEC team," said W. Barry Gilbert, IEC's CEO and Chairman of the Board. "Jeff brings a wealth of experience and proven results to the company and we look forward to his contributions. With more than 15 years in the industry, we believe that Jeff will be instrumental in further strengthening our sales and marketing efforts. Jeff's industry knowledge and leadership skills will help focus our efforts in ways that add the most value to our business."

Mr. Schlarbaum most recently was Vice President of Sales - Eastern Region for Plexus Corporation. Prior to that he worked as Vice President of Sales - Eastern Region for MCMS and as Business Unit Director for MACK Technologies.

He holds a Bachelors of Business Administration degree from National University with a concentration in Marketing, graduating Magna Cum Laude, and an MBA from Pepperdine University.

IEC also announced the early retirement of Chief Operating Officer Bill R. Anderson. Mr. Anderson has elected to leave his position to pursue other opportunities closer to his home in central Pennsylvania. At this time the position of Chief Operating Officer will not be filled.

CEO and Chairman Barry Gilbert stated, "In his many years of service with IEC, Bill has brought great value to the Company and we thank him for his contribution and all that he has accomplished. While there is a loss with Mr. Anderson leaving, we believe the addition of Jeff Schlarbaum and the balance of the senior management team are well positioned to continue rebuilding and strengthening the company's ability to once again become a leader in the electronics manufacturing services industry. Our number one focus continues to be steady profitable growth and expanding our customer base."

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