Frederick, MD electronics company buys Circuit City subsidiary

Frederick, MD -- American Computer Development, Inc. (ACDI) has acquired substantially all of the assets of Patapsco Designs, Inc., an electronic design and manufacturing company owned by Circuit City Stores, Inc.

Patapsco’s manufacturing and assembly services add to ACDI’s core service offering, electronic printed circuit board (PCB) design. “Patapsco’s advanced manufacturing capabilities will allow ACDI to provide our clients with both front-end and back-end PCB services within the same facility,” said William Hornbaker, ACDI’s president and CEO. “By offering both PCB layout and assembly, we will have the ability to provide streamlined services and bring our clients’ products to market faster. I am excited about the opportunities the combined company will bring.”

Terms of the transaction were not disclosed. Custer Williams & Company, an independent investment banking firm, served as exclusive financial advisor to Circuit City.

About Patapsco
Patapsco is a full service provider of advanced electronic manufacturing services. The company, founded in 1977, is a high end PCB assembly firm, and is ISO 9001:2000 certified. Patapsco’s facility, located in Frederick, MD, has 65,000 square feet of manufacturing space, providing the latest manufacturing technologies including advanced surface mount and BGA.

About ACDI
ACDI is a leading PCB design firm servicing the US market. Recognized as a technology leader, ACDI delivers unsurpassed quality and support to large OEMs primarily in the communications, defense and aerospace, industrial and medical instrumentation, computer technology, and multimedia sectors. More information about ACDI is available at
www.acdi.com.