AINN Applied Innovation (MM)

GALION, Ohio, April 24 /PRNewswire-FirstCall/ -- PECO II, Inc. (NASDAQ:PIII), a full-service provider of engineering and installation on- site services and a manufacturer of communications power systems and equipment to the communications industry, announced today that it has been notified by The Nasdaq Stock Market that it is now in compliance with the Nasdaq Marketplace Rule 4350(c)(1). This rule states that a majority of the board of a Nasdaq issuer must be comprised of independent directors. This development follows on PECO II's April 20 announcement of the election of Gerard B. Moersdorf, Jr., to the Company's board of directors. The election of Moersdorf, founder and chairman of the board of Applied Innovation Inc. (NASDAQ:AINN), gave PECO II's board a majority of independent directors. Moersdorf meets all Nasdaq requirements for director independence which, in summary, require that, during the past three years, neither he nor any of his immediate family members have had any significant business, political or non-profit involvement that includes PECO II or its officers or directors. About PECO II, Inc. PECO II, headquartered in Galion, Ohio, provides engineering and on-site installation services and designs, manufactures and markets communications power systems and power distribution equipment. As the largest independent full-service provider of telecommunications power systems, the Company provides total power quality and reliability solutions, and supports the power infrastructure needs of communications service providers in the local exchange, long-distance, wireless, broadband and Internet markets. Additional information about PECO II can be found at http://www.peco2.com/. DATASOURCE: PECO II, Inc. CONTACT: Sandra A. Frankhouse, Chief Financial Officer and Treasurer of PECO II, Inc., +1-419-468-7600 Web site: http://www.peco2.com/

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