Exhibit 99.1


[PARLEX LOGO]    One Parlex Place, Methuen, MA 01844, (978)946-2564
news...


CONTACT:

Jon Kosheff
Chief Financial Officer
(978)946-2591
NASDAQ SYMBOL "PRLX"
                                                       FOR IMMEDIATE RELEASE


        Parlex Corporation Signs $5 Million Working Capital Line with
                                Bank of China

Methuen Massachusetts, October 13, 2004 - Parlex Corporation (PRLX)
announced today that it has signed a new working capital line of credit with
the Bank of China.  Under terms of the agreement, the Company's China
subsidiary may borrow up to $5 million based upon qualified trade accounts
receivable.  The borrowings bear interest at a rate of Libor + 2%.

Jon Kosheff, Chief Financial Officer and Treasurer, stated "Standalone
financing for our China operations is a critical step to sustaining our
growth plans. Our China business grew 65% over the past year. Further, we
expect similar growth in China to continue during fiscal 2005 with first
quarter revenues exceeding plan. Providing local working capital will assure
that we are able to support our rapidly expanding operations with well
aligned, highly leveraged financing solutions.

Historically, multinationals have experienced difficulty securing local
China borrowings. Financing was primarily one year term debt requiring local
Chinese guarantee.  Most multinationals financed their operations with
internal resources or foreign based borrowings. Today, an increasing number
of major international banks now have local presence. This has generated
access to more traditional lending opportunities. Clearly a major portion of
our future growth will come from our China expansion. Relationships with
strong local financing partners will be essential to sustaining our
development plans."

About Parlex
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Parlex Corporation is a world leader in the design and manufacture of
flexible, interconnect products.  Parlex produces custom flexible circuits
and laminated cables utilizing proprietary processes and patented
technologies, which are designed to satisfy the unique requirements of a
wide range of customers.  Its manufacturing facilities are located in the
United States, China, Mexico and the United Kingdom.


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Forward Looking Statements
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This release contains "forward-looking statements" as defined under the
Federal Securities Laws.  Actual results could differ materially from those
projected in the forward-looking statements as a result of certain risk
factors, including but not limited to: (i) further adverse changes in
general economic conditions; (ii) further delays or reductions in the
spending of the industry sectors we serve; (iii) the Company's ability to
effectively manage operating costs and increase operating efficiencies; (iv)
further declines in revenues; (v) insufficient, excess or obsolete
inventory; (vi) competitive factors, including but not limited to pricing
pressures, in the flexible interconnect markets; (vii) component quality and
availability; (viii) rapid technological and market change and the
transition to new products; (ix) the relative and varying rates of product
price and component cost declines; (x) the effects of war or acts of
terrorism, including the effect on the economy generally, on particular
industry segments, on transportation and communication systems and on the
Company's ability to manage logistics in such an environment, including
receipt of components and distribution of products; (xi) the ability to
attract and retain highly qualified employees; (xii) the uneven pattern of
quarterly sales; (xiii) fluctuating currency exchange rates; (xiv) risks
associated with strategic investments and acquisitions; (xv) the Company's
ability to execute on its plans; and (xvi) other one-time events and other
important factors disclosed previously and from time to time in its filings
with the U.S. Securities and Exchange Commission.


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