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Book to Bill Ratio reaches 1.88 in May 2009
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.
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.
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.
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 www.semi.org.
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.
For more information, please click here
Roger B. Coe
Conihasset Capital Partners
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