| NU
HORIZONS ANNOUNCES 3-FOR-2 STOCK SPLIT
MELVILLE,
NY - (September 11, 2000) --- Nu Horizons Electronics
Corp. (NMS, NASDAQ: NUHC,) a leading distributor of active
and passive electronics components and provider of industrial
contract manufacturing services, today announced a 3-for-2
stock split payable on October 23, 2000, to shareholders
of record as of October 2, 2000. The company paid a five
percent stock dividend in November 1999 and currently
has approximately 10,850,000 fully diluted shares outstanding.
"We
are pleased with the performance of the company in the
first half of fiscal year 2001, and believe we will achieve
continued strong performance throughout the remainder
of the year," Arthur Nadata, president, said.
Nu
Horizons is a national distributor of high technology
electronic components which provide innovative, semiconductor
solutions through products and technologies that are faster,
smaller and lower powered. Nu Horizons was established
in 1982 and currently has 29 branch and subsidiary offices
located in the U.S., Asia and Europe. For more information,
visit the Nu Horizons' home page at http://www.nuhorizons.com.
Except
for historical information contained herein, the matters
set forth in this news release are forward looking statements
that involve certain risks and uncertainties that could
cause actual results to differ from those in the forward
looking statements. Potential risks and uncertainties
include such factors as the level of business and consumer
spending for electronic products, the amount of sales
of the Company's products, the competitive environment
within the electronic industry, the ability of the Company
to continue to expand its operations, the level of costs
incurred in connection with the Company's expansion efforts
and the financial strength of the Company's customers
and suppliers. Investors are also directed to consider
other risks and uncertainties discussed in documents filed
by the Company with the Securities and Exchange Commission.
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