BEAVERTON, OR, January 4, 2010 - Merix Corporation (NASDAQ:MERX) today announced consolidated financial results for the second quarter of fiscal 2010 ended November 28, 2009.

The Company reported net income of $0.5 million, or $0.02 per diluted share, on revenue of $71.3 million for the second quarter of fiscal 2010, which compares to a net loss of $6.1 million, or $0.29 per diluted share, on revenue of $76.9 million in the second quarter of fiscal 2009. Included in the fiscal 2010 second quarter income was $1.5 million of special items related to income tax benefits and the reversal of a customs penalty accrual, partially offset by professional fees primarily relating to the recently announced merger with Viasystems Group, Inc.

Commenting on the recent second quarter performance, Michael D. Burger, President and Chief Executive Officer, said, "We are extremely pleased with our second quarter financial performance. The increased order activity we reported last quarter extended throughout the second quarter, resulting in 23% sequential quarter revenue growth and a strong book to bill of 1.12. Our results also benefited from exceptional factory performance and continued cost management, resulting in over 40% of our sequential quarterly revenue increase flowing through to the bottom line."

Looking ahead Mr. Burger commented, "December demand traditionally trends downward due to the Christmas and New Years holidays; however, despite these seasonal factors, we have continued to see very good bookings during the month of December. Visibility is still somewhat limited, but we remain optimistic about third quarter North America and Asia demand due to our increased backlog coupled with extended lead times. Production volumes in both North America and Asia will be affected by limited holiday down-times during our third quarter."

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