SBS Technologies, Inc. Announces Appointment of David H. Greig as President of Bit 3 Operations

SBS Technologies, Inc. (NASDAQ: SBSE) ("SBS") today announced that David H. Greig has been appointed to the position of President of SBS Bit 3 Operations. Mr. Greig replaces Mr. Philip M. Vukovic, founder and current President of Bit 3 Operations, who is retiring. Mr. Greig was previously Founder and President of Greig Power Co. Ltd., a Toronto, Canada-based developer of custom electronic systems used to automate and control manufacturing operations. Greig Power was later acquired by Perle Systems Ltd., a Canadian-based computer networking and communications connectivity business. Following the acquisition, Mr. Greig served in several capacities including President of the Perle Customer Engineering Division, and later served simultaneously as President of Perle's U.S. operations, Executive Vice President and Director of the parent Canadian company. "I am extremely pleased to have Dave Greig join the SBS management team," said Steve Cooper, President and Chief Operating Officer. "Dave's technical background, management experience and entrepreneurial spirit make him well qualified for this position. Through Dave's leadership, the Bit 3 Operation should continue to be a leader in the high-speed system-to-system interconnect business." "Phil Vukovic has been a valuable asset to the SBS team and we are very thankful for his contributions to the Company. We wish Phil and his family a pleasant, well-deserved retirement," Cooper added. In addition, the SBS Bit 3 Operations has just moved into a new 40,000 square foot, contemporary facility providing the additional offices and manufacturing space needed for continued growth. SBS Bit 3 Operations designs and manufactures high-performance computer networking, expansion, and interconnection hardware and software for some of the most widely used computer architecture standards in the embedded computer market. SBS is a leading manufacturer of standard bus embedded computer components that perform a broad range of central processing, general purpose input/output (I/O), special purpose I/O interface, and high-performance interconnect and expansion functions. For additional information, news releases and product information, please visit the newly revised SBS Technologies, Inc. website at Certain of the foregoing information are forward-looking statements regarding future events or the future financial performance of the Company, and are subject to a number of risks and other factors which could cause the actual results to differ materially from those contained in the forward-looking statements. Among such factors are: general business and economic conditions; customer acceptance of and demand for the Company's new products; the Company's overall ability to design, test, and introduce new products on a timely basis; the cyclical nature of the markets addressed by the Company's products; and the risk factors listed from time to time in documents filed by the Company with the SEC.