Hi-P

Hi-P: Co. has cleared the air regarding DMG and a Business Times bullish article on grp, titled ‘Hi-P shares hit 6 mth high on IPhone Talk.
Co. note that statement made by DMG and BT was not accurate, and grp has developed new customers and secrured orders from exisiting and new customers for projects with different processes.

In regards to grp’s $100m capex, the capex will be intended to take place in phases and is not for the acquisition of CNC machines alone, but for acquisition of different machinery and equipment and expansion of grp’s production facilities.