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Press release from Marketwire

Automodular Corporation: Third Quarter 2012 Results

Tuesday, November 06, 2012

Automodular Corporation: Third Quarter 2012 Results14:21 EST Tuesday, November 06, 2012AJAX, ONTARIO--(Marketwire - Nov. 6, 2012) - Automodular Corporation (TSX:AM) ("Automodular") reports net earnings of $4.2 million or $0.21 per share for the three months ended September 30, 2012 compared to $2.3 million or $0.12 per share for the same three-month period ended September 30, 2011. For the nine months ended September 30, 2012 and 2011 Automodular reports net earnings of $12.3 million and $8.4 million or $0.61 and $0.42 per share, respectively.The results for the first three quarters of the year are summarized below (all figures in '000s except per share amounts):Three months ended September 30Nine months ended September 302012 $2011 $2012 $2011 $Sales35,35918,96988,87858,266Net earnings4,2432,33112,2628,429Per share - basic0.210.120.610.42Per share - diluted0.210.120.600.42The Board of Directors has declared a total dividend of $0.26 composed of a regular quarterly dividend of $0.06 and a special dividend of $0.20 payable December 4, 2012 to shareholders of record November 20, 2012.Automodular Corporation is a supplier of sub-assembly, sequencing and transportation services to the automotive industry - Ford Motor Company's Oakville Assembly Plant - and the renewable energy industry - Vestas Nacelles A/S. The Company has three operating facilities and employs approximately 560 people.FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: Automodular CorporationChristopher S. NuttPresident and CEO(905) 619-4202invest@automodular.com