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Contec Announces Appointment of New Chief Executive Officer

SCHENECTADY, N.Y., Feb. 26, 2013 (GLOBE NEWSWIRE) -- Contec Holdings, LTD ("Contec" or the "Company"), the market leader in repair and refurbishment of customer premise equipment for the communications industry, today announced the appointment of Hari Pillai as its new President and Chief Executive Officer.

"We are extremely pleased that Hari will be joining our team at Contec," said Brad Dietz, Chairman of the Board of Directors. "Mr. Pillai brings a wealth of experience to Contec and has a proven track record of growing diverse global technology and logistics related businesses. He is well regarded as a strong leader with a passion for operational excellence and customer relationships. We are extremely excited to have him lead the Contec team as we continue to invest in the growth of our business and the quality of our customer relationships."

During a seventeen year career at Sanmina-SCI (Nasdaq:SANM), Mr. Pillai served in a number of executive positions at the global design and manufacturing services company, most recently as President & Chief Operating Officer of the Company. Prior to joining Contec, Mr. Pillai served as an advisor, investor, operating partner and board member to a number of leading private equity and venture capital firms, where he worked with portfolio companies in diverse markets and technologies to guide investment decisions and improve operational and financial performance.

Mr. Pillai succeeds Lawrence Young of AlixPartners LLC, who led Contec through its successful reorganization.

About Contec

Contec is the market leader in the repair and refurbishment of customer premise equipment for leading Service Providers in the communications industry. With headquarters in Schenectady, NY, Contec provides logistical support and repairs services for over ten million pieces of equipment annually from state of the art facilities in Mexico and the United States. Learn more at www.gocontec.com.

CONTACT: Pilar Tarry 312.543.9935 Bobbi Nelson 518.382.8000 x2901Source:Contec Holdings Inc.