EXHIBIT 99(a)
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INSLICO
[LOGO] FOR IMMEDIATE RELEASE
Excellence in Electronics and Telecommunications Components
Exhibit 99 (a)
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NEWS RELEASE
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Contacts: Investors: Michael R. Elia
Sr. Vice President & CFO
(614) 791-3117
Media: Melodye Demastus
Melrose Consulting
(614) 771-0860
INSILCO HOLDING CO. COMPLETES INNET TECHNOLOGIES ACQUISITION
Columbus, Ohio, January 11, 2001 -- Insilco Holding Co. (OTC Bulletin
Board: INSL) today reported that it completed the previously announced
acquisition of San Diego-based InNet Technologies. InNet designs, develops and
markets a broad range of magnetic interface products to networking, computer and
telecommunications original equipment manufacturers ("OEMs").
David A. Kauer, Insilco President and CEO, said "We are pleased to have
completed this merger as planned. We look forward to more fully integrating our
distinct technological expertise and production capabilities to develop and
manufacture high-speed connectors integrated with magnetic components capable of
supporting higher speeds and broader bandwidths required by Internet access
applications. This market niche offers significant growth potential as the trend
toward smaller, more highly optimized communications devices continues. Our
MagJack product family of modular connector jacks with integrated magnetic
components provides space savings on circuit boards, reduced assembly costs, and
superior performance and reliability."
Insilco Holding Co., through its wholly-owned subsidiary Insilco
Technologies, Inc., is a leading global manufacturer of cable assemblies, wire
harnesses, fiber optic assemblies and subassemblies, high-speed data
transmission connectors, power transformers and planar magnetic products, and
highly engineered, precision stamped metal components. Insilco maintains more
than one million square feet of manufacturing space and has 18 locations
throughout the United States, Canada, Mexico, Northern Ireland, Ireland and the
Dominican Republic serving the telecommunications, networking, computer,
electronics, automotive and medical markets. For more information visit our
sites at www.insilco.com or www.insilcotechnologies.com.
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InNet is a leading developer and manufacturer of a broad range of
magnetic interface products serving the networking, telecommunications and
computer industries. Its products include discrete and integrated electronic
circuit assemblies and components used to match data network equipment to the
networks or communications lines and to protect equipment from power surges and
"electronic noise". Headquartered in San Diego, California, InNet manufactures
substantially all of its products from nearly 300,000 square feet of
manufacturing space in the province of Guangdong, Peoples Republic of China. For
more information, visit the InNet website at: www.InNet-tech.com.
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THE STATEMENTS MADE IN THIS PRESS RELEASE WHICH ARE NOT HISTORICAL FACTS MAY BE
DEEMED FORWARD LOOKING STATEMENTS, AND, AS SUCH, ARE SUBJECT TO CERTAIN RISKS
AND UNCERTAINTIES, INCLUDING STATEMENTS WITH RESPECT TO INNET'S GROWTH
PROSPECTS. IT IS IMPORTANT TO NOTE THAT RESULTS COULD DIFFER MATERIALLY FROM
THOSE PROJECTED IN SUCH FORWARD-LOOKING STATEMENTS. FACTORS WHICH COULD CAUSE
RESULTS TO DIFFER MATERIALLY INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING:
DELAYS IN NEW PRODUCT INTRODUCTIONS, LACK OF MARKET ACCEPTANCE FOR NEW PRODUCTS,
CHANGES IN DEMAND FOR THE COMPANY'S PRODUCTS, CHANGES IN MARKET TRENDS, GENERAL
COMPETITIVE PRESSURES FROM EXISTING AND NEW COMPETITORS, ADVERSE CHANGES IN
OPERATING PERFORMANCE, CHANGES IN INTEREST RATES, AND ADVERSE ECONOMIC
CONDITIONS WHICH COULD AFFECT THE AMOUNT OF CASH AVAILABLE FOR DEBT SERVICING
AND CAPITAL INVESTMENTS. FURTHER INFORMATION CONCERNING FACTORS THAT COULD CAUSE
ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS
ARE CONTAINED FROM TIME TO TIME IN THE COMPANY'S SEC FILINGS, INCLUDING BUT NOT
LIMITED TO THE COMPANY'S REPORT ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31,
1999 AND SUBSEQUENT REPORTS ON FORM 10Q. COPIES OF THESE FILINGS MAY BE OBTAINED
BY CONTACTING THE COMPANY OR THE SEC.
Investor Relations Contact: Michael R. Elia, (614) 791-3117 or write to Insilco
Holding Co., Investor Relations, 425 Metro Place North, Box 7196, Dublin, OH
43017 or call Melodye Demastus, Melrose Consulting (614) 771-0860. You may also
visit our web site at http://www.insilco.com.
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