Conihasset Capital Partners Wholly Owned Subsidiary, Diversified Fluid Systems Announces Strong Order Growth
June 02 2009 - 9:08AM
PR Newswire (US)
Book to Bill Ratio reaches 1.88 in May 2009 BOSTON, June 2
/PRNewswire-FirstCall/ -- Conihasset Capital Partners, Inc.
("Conihasset" or the "Company")(Pink Sheets: CNHA) announced today
that its wholly owned subsidiary, Diversified Fluid Solutions
("DFS") has experienced a substantial growth in its order book for
the 30 days ending May 31, 2009. As of May 31st DFS book to bill
ratio was 1.88. This 1.88 figure is in steep contrast to the
overall industry book to bill for the period ending April 30th of
.65 as reported by SEMI, a leading trade organization. The book to
bill ratio is a common measure of a company's order backlog. This
ratio tells whether the company has more orders than it can deliver
(if greater than 1), has the same amount of orders that it can
deliver (equals 1), or has less orders than it can deliver (under
1). This monthly figure is used frequently for companies in the
technology and chip (semiconductor) sector (Source: Investopedia).
"While we are obviously pleased to see the industry begin to
recover from the sharp contraction experienced in the 4th quarter
of 2008 we are extremely gratified to see that the products,
service and expertise of DFS founders and highly skilled personnel
have been so well received by some of the biggest customers in the
industry during this challenging time," stated Richard D. Bailey,
President and Chief Executive Officer of Conihasset. "DFS core
focus is on purity and process control. We believe that need for
high purity fluid delivery systems used in cleanroom manufacturing
coupled with the rise of nanotechnology and other applications
where a single particle of dust can dwarf and contaminate the work
product it comes in contact with will continuously feed the need
for ever more sophisticated purity and control systems. This is why
Conihasset made the investment in DFS," Bailey added. About SEMI:
SEMI is a global industry association serving manufacturing supply
chains for the microelectronic, display and photovoltaic
industries. On the 20th of each month SEMI publishes the industry
book to bill ratio for the three month period ending the 30th day
of the previous month. The information referenced above can be
found at http://www.semi.org/. About Conihasset: Conihasset Capital
Partners is a publicly treaded holding company whose shares are
currently quoted on the Pink Sheets under the symbol CNHA. It is
headquartered in Boston, MA. Conihasset is principally engaged in
the acquisition, management, financing and growth of small
manufacturing, service and distribution companies. For more
information please go to our website at http://www.conihasset.com/.
About DFS: Diversified Fluid Systems LLC ("DFS") of Boise, ID is a
wholly owned subsidiary of Conihasset Capital Partners. DFS was
formed in late 2008 by a group of seasoned managers each with more
than 20 years experience with global semiconductor chip and
equipment manufacturers. DFS designs and manufactures custom fluid
delivery, collection and remediation systems that anticipate, meet
and exceed the high purity fluid requirements for tools and
machinery used by manufacturers of semiconductor chips, nanotech
developers, pharmaceutical manufacturers, biotech, healthcare and
other research applications. Safe Harbor Language: Statements
included in this press release that are not historical in nature
are "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 (the "1995 Act"). The
words "believe," "expect," "anticipate," "estimate," "guidance,"
"target" and similar expressions identify forward-looking
statements. The Company cautions readers that forward-looking
statements are subject to certain risks and uncertainties, which
could cause actual results to differ materially from those
projected in the forward-looking statements. The Company claims the
protection of the safe harbor for forward-looking statements
contained in the 1995 Act. DATASOURCE: Conihasset Capital Partners,
Inc. CONTACT: Roger B. Coe of Conihasset Capital Partners, Inc.,
+1-617-462-3001 Web Site: http://www.conihasset.com/
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