Prospectus Supplement No. 1 dated April 30, 1998 to the Prospectus of Pen
Interconnect, Inc., dated August 29, 1997, as amended on February 4, 1998 (the
"Prospectus") included in Registration.
Statement on Form S-3, No. 333-29927.
Capitalized terms used herein and not defined herein have the meanings
given in the Prospectus. The information in the following paragraph replaces the
corresponding information included under "Selling Security Holders."
SELLING SECURITY HOLDERS
An aggregate of 2,068,404 shares of Common Stock are being offered for sale
by Selling Security Holders. The following table sets forth certain information
with respect to the Selling Security Holders. The Company will not receive any
of the proceeds from the sale of the shares of Common Stock, although it will
receive proceeds from the exercise of the Warrants, if exercised.
<TABLE>
<CAPTION>
Beneficial Ownership Beneficial Ownership
of Shares of Common Securities of Shares of Common
Selling Security Holders Stock Prior to Sale to be Sold Stock After Sale
- ------------------------------------------------------------------------------------------
<S> <C> <C> <C>
KLS Enterprises 100,000 100,000 0
- ------------------------------------------------------------------------------------------
Rahim Kab 10,000 10,000 0
- ------------------------------------------------------------------------------------------
The Trading Post, Inc. 481,979 481,979 0
- ------------------------------------------------------------------------------------------
Milton Haber 47,222 47,222 0
- ------------------------------------------------------------------------------------------
Gordon Mundy 90,000 90,000 0
- ------------------------------------------------------------------------------------------
Lawson Rollins 20,000 20,000 0
- ------------------------------------------------------------------------------------------
Sanjay Achary 5,000 5,000 0
- ------------------------------------------------------------------------------------------
Sara Leifer 50,000 50,000 0
- ------------------------------------------------------------------------------------------
Joel Marks 125,000 125,000 0
- ------------------------------------------------------------------------------------------
Louis F. Centofanti 50,000 50,000 0
- ------------------------------------------------------------------------------------------
Ira Weingarten 44,444 44,444 0
- ------------------------------------------------------------------------------------------
Yeshiva Beth Hillel 46,190 46,190 0
- ------------------------------------------------------------------------------------------
Lisa Grossman 150,000 150,000 0
- ------------------------------------------------------------------------------------------
Greendel Equities, Inc. 100,000 100,000 0
- ------------------------------------------------------------------------------------------
Redstone Securities, Inc. 450,000 450,000 0
- ------------------------------------------------------------------------------------------
Meyer Jeger 92,379 92,379 0
- ------------------------------------------------------------------------------------------
The Cerplex Group 25,000 25,000 0
- ------------------------------------------------------------------------------------------
Martin Chopp 46,190 46,190 0
- ------------------------------------------------------------------------------------------
CLR Associates 64,167 64,167 0
- ------------------------------------------------------------------------------------------
KOSTECH SMALL CAP RESEARCH 3,333 3,333 0
- ------------------------------------------------------------------------------------------
National Bank of Canada 10,000 10,000 0
- ------------------------------------------------------------------------------------------
Alan Weaver 7,500 7.500 0
- ------------------------------------------------------------------------------------------
Neyla Kizner 20,000 20,000 0
- ------------------------------------------------------------------------------------------
</TABLE>
II-1
