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TTM Technologies, Inc. Prices Public Stock Offering
REDMOND, Wash., Feb 22, 2002 /PRNewswire-FirstCall via COMTEX/ -- TTM Technologies, Inc. (Nasdaq: TTMI), today announced the pricing of a follow-on offering of 6,300,000 shares of common stock at a price of $8.50 per share. Of the 6,300,000 shares offered, 2,025,000 shares were offered by the company, and 4,275,000 shares were offered by selling shareholders. The company will not receive any of the proceeds from the sale of shares by the selling shareholders. Shareholders of the company have also granted the underwriters an option to purchase up to an additional 945,000 shares to cover over-allotments, if any. An underwriting group managed by Robertson Stephens, Inc., and including Thomas Weisel Partners LLC and Needham & Company, Inc., is offering the shares.

Net proceeds received by the Company from the offering will be used for general corporate purposes, including working capital, capital expenditures, possible reduction of indebtedness, and potential acquisitions.

TTM Technologies, Inc., is a leading supplier of time-critical, technologically advanced printed circuit boards to original equipment manufacturers and electronic manufacturing services companies. TTM stands for time-to-market, representing how the Company's time-critical, one-stop shop manufacturing services enable customers to shorten the time required to develop new products and bring them to market.

This press release shall constitute neither an offer to sell nor the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction.

A final prospectus related to this offering may be obtained from Robertson Stephens, Inc. at 555 California St., San Francisco, CA 94104; Thomas Weisel Partners LLC at One Montgomery St., San Francisco, CA 94104; or Needham & Company at 445 Park Ave., New York, NY 10022.

SOURCE TTM Technologies, Inc.

CONTACT:
Stacey Peterson, Chief Financial Officer of TTM Technologies, +1-714-241-0303 (TTMI)

Copyright (C) 2002 PR Newswire. All rights reserved.