roads by 2015
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roads by 2015.The report assumes 1.5 million plug-in hybrid sales by 2016 and 50 million by 2030, including 2.5 million in New York.Plug-in hybrids will account for 25 percent of all U.S. The forward-looking statements in this newsrelease are based on current expectations, and Merix Corporation does notundertake to update any such factors or to publicly announce developmentsor events relating to the matters described herein.Merix Investor Relations Contact:Allen MuhichVice President - Finance503.716.3700Copyright 2009, Market Wire, All rights reserved.-0-. These forward-lookingstatements involve risks and uncertainties that could cause actualresults to differ materially from those anticipated by theseforward-looking statements. Total outstanding borrowings underthe bank credit facilities remains at $8 million, which is unchanged fromthe amount we reported for our last fiscal quarter that ended on February28, 2009."About MerixMerix is a leading manufacturer of technologically advanced multilayerrigid printed circuit boards for use in sophisticated electronicequipment.
Thecombined bank credit lines today provide the Company with approximately$50.8 million of available borrowing. "The new agreement provides the Company with an additional lowcost source of capital along with our existing Bank of America bank creditfacility. The combination of these credit agreements gives Merix increasedliquidity, which provides further flexibility to optimize the capitalstructure and support our growth in both Asia and the United States. The credit facility is secured by the building and land-uselease rights at Merix' recently expanded Huiyang manufacturing facility.Initial availability is 36 million RMB (approximately US$5.3 million).The balance of the borrowings under the credit facility is anticipated tobe fully available within 90 days upon perfection of the securityinterest in the building. dollar equivalent of approximately $7.3 million) ofborrowing under a credit facility with the Company's Huiyang, China-basedfactory. Finn (PEMA), +1-717-651-2009 or Michael Smith of Pennsylvania Officeof the Governor, +1-717-783-1116. BEAVERTON, OR, Jun 29 (MARKET WIRE) -- Merix Corporation (NASDAQ: MERX), a leading provider of high-reliabilityprinted circuit boards, today announced a credit agreement withIndustrial and Commercial Bank of China (ICBC) that provides for up to 50million RMB (U.S.
French, Director of the Pennsylvania EmergencyManagement Agency, as the Commonwealth Coordinating Officer for this request. until midnight, there were 887 callsfor assistance due to flooding answered by 125 individual firedepartments.The Commonwealth of Pennsylvania has a FEMA approved Hazard Mitigation Plan.I certify that, for this major disaster, the state and local governments willassume all applicable non-federal shares of costs required by the StaffordAct.Total expenditures are expected to exceed $3,000,000.I have designated Robert P. President:Under the provisions of Section 401 of the Robert T. Stafford Disaster Reliefand Emergency Assistance Act, 42 U.S.C. Small Business Administration, Federal EmergencyManagement Agency Region III, and the Bureau of Recovery and Mitigation atPEMA.The period starting May 1 through June 30, 2009, has been listed by theNational Weather Service as the fifth wettest season on record and, combinedwith the topography and geological formations of the Commonwealth, resulted insevere flash flooding in the communities of: Churchill, Forest Hills,Monroeville, North Versailles, Pitcarin, Pittsburgh, Shaler, Turtle Creek,White Oak, Wilkins Township, Wilkinsburg, Moon Township, Edgewood, and NorthBraddock in Allegheny County.The municipalities of Export, Greensburg,Hempfield, Jeannette, Manor, Murraysville, North Huntingdon, Penn Borough,Penn Township, Youngwood, Youngstown, Derry, Irwin, Mt. Jonathan SarubbiRegional AdministratorFEMA Region III615 Chestnut StreetPhiladelphia, PA19106Dear Mr. "The Commonwealth ofPennsylvania is doing everything possible to help these individuals andcommunities recover, but we need the federal government's help, as well."The Governor's disaster proclamation, which is the official declarationdocument, authorizes state agencies to use all available resources andpersonnel, as necessary, to deal with this emergency.The time-consuming bidand contract procedures normally prescribed by law are waived for the durationof the proclamation.A preliminary damage assessment was conducted in the two counties prior to theGovernor submitting the letter requesting federal disaster relief.
Governor Rendell Signs Disaster Emergency Proclamation; Requests Federal Aidfor Allegheny, Westmoreland CountiesHARRISBURG, Pa., June 29 /PRNewswire-USNewswire/ -- Governor Edward G. (Reporting by Caroline Valetkevitch; Editing by Jan Paschal) Stocks France. Advancing stocks outnumbered declining ones on the NYSE by3 to 2 while on the Nasdaq, the opposite trend prevailed, withabout five stocks falling for every four that rose. On the Nasdaq, Microsoft Corp (MSFT.O) advanced 2.2percent to $23.86 after Deutsche Bank raised its price targeton the stock to $30 from $22. For the day, the S&P energy index was up 1.3 percent,while Occidental Petroleum (OXY.N) jumped 2.9 percent to$66.13.
Crude oil futures CLc1 jumped $2.33 to settle at $71.49per barrel after Nigerian militants said they attacked thecountry's oil facilities, which set off some concerns aboutsupply. Shanghai's benchmark stock index .SSEC reached aone-year closing high for the fourth straight session as signsof a Chinese economic recovery and ample liquidity boosted themarket, improving investor sentiment. When Madoff's fraud was revealed last December, itsscope was so brazen and so massive that it shocked investorsand made everyone question their broker.Signs of life in overseas markets added to Wall Street'spositive mood. Wall Street's eyes and ears also were on the news coverageof Bernie Madoff, who was sentenced to 150 years in prison onMonday for running what prosecutors called a $65 billion Ponzischeme.

