Pacific Aerospace & Electronics, Inc. Announces Completion of 1-for-11,000 Reverse Split WENATCHEE, Wash., April 12 /PRNewswire-FirstCall/ -- Pacific Aerospace and Electronics, Inc. a diversified manufacturing company specializing in metal and ceramic components and assemblies, announced today that, at a special meeting held on March 19, 2004, its shareholders approved a one-for-11,000 reverse split of the company's common stock with the intent of taking the company private. The reverse stock split took effect on Monday, April 12, 2004. In conjunction with the reverse stock split, the company has filed a Form 15 with the Securities and Exchange Commission which is intended to terminate the registration of the company's securities under the Securities Exchange Act of 1934 and to allow the company to cease reporting as a public company. As of April 12, 2004, shareholders of record holding less than one share as a result of the reverse stock split will be entitled to receive cash in an amount equal to $0.168 per pre-split share instead of receiving fractional shares. These shareholders shall receive this cash by surrendering their stock certificates to the transfer agent (Interwest Transfer Co., Inc., 1981 E. Murray-Holladay Road, P.O. Box 17136, Salt Lake City, UT 84117). Shareholders of record holding 11,000 or more shares of the company's common stock on a pre-split basis are automatically deemed to hold one newly issued share of common stock for each 11,000 pre-split shares. About Pacific Aerospace and Electronics, Inc. Pacific Aerospace and Electronics, Inc. is an international engineering and manufacturing company specializing in technically demanding component designs and assemblies for global leaders in the aerospace, defense, electronics, medical, telecommunications, energy and transportation industries. The Company utilizes specialized manufacturing techniques, advanced materials science, process engineering and proprietary technologies and processes to its competitive advantage. The Company has approximately 615 employees worldwide and is organized into two operation groups - U.S. Operations and European Operations. More information may be obtained by visiting its website at http://www.pcth.com/. Forward-Looking Statements All statements in this press release other than statements of historical facts are "forward-looking" statements, including without limitation statements regarding the Company's financial position, business strategy, plan,and objectives of management and industry conditions. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Informationon the factors that could affect the Company's financial results is contained in the Company's latest annual report on Form 10-K filed with the U.S. Securities and Exchange Commission. DATASOURCE: Pacific Aerospace and Electronics, Inc. CONTACT: Donald A. Wright, President and Chief Executive Officer, or Charles A. Miracle, Chief Financial Officer, both of Pacific Aerospace & Electronics, +1-509-667-9600 Web site: http://www.pcth.com/

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