IEC  [GRAPHIC OMITTED]
                                      electronics corp.

                                                          105 Norton Street o PO
                                                          Box 271 o Newark, NY
14513 o Ph: (315) 331-7742 o Fax: (315) 331-3547 o www.iec-electronics.com
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                                  Exhibit 99.1
              IEC Announces Restructuring and Third Quarter Results



Newark, NY - July 29, 2004 - IEC Electronics Corp. (IECE.OB) announced today its
results for the third quarter of fiscal 2004, ending June 25, 2004.

IEC reported a net loss of $1,146,000 or ($0.14) per share on revenue of $6.2
million for the quarter. This compares to a net income of $853,000 or $0.10 per
share on revenue of $14.0 million for the same quarter a year ago.

IEC's net loss for the first nine months of fiscal 2004 was $ 890,000 or ($0.11)
per share on revenue of $20.0 million. This compares to net income of $2.0
million, (of which $184,000 was from discontinued operations) or $0.25 per share
on revenue of $39.1 million, for the same period in fiscal year 2003.

W. Barry Gilbert, Chairman of the Board and CEO, stated, "Although we gained
some new customers and this creates substantial opportunity for the Company,
this quarter's results were obviously disappointing. We experienced a loss
stemming from a couple large customer orders that were pushed out beyond the
quarter due to parts shortages and design changes, a $240,000 restructuring
charge and bad debt expense of $394,000. Despite the loss we remain committed to
the programs we have put in place to strengthen the organization, broaden our
customer base, increase profitability and maximize shareholder value."

Gilbert further noted, "We are continuing to reshape the company, and doing what
is necessary to build revenue, reduce costs and return to profitability. During
the quarter we strengthened the management team by hiring a Vice President of
Sales and Marketing, and hired an additional salesman. Both of these individuals
from premier companies in our industry have proven track records selling to
accounts meeting our target profile. Building a first class sales team is a
primary focus for the Company and we will continue to add to the sales force and
our manufacturers rep network over the next several quarters. As mentioned
above, we continue to add new customers and are experiencing increased
opportunities with some of our existing customers. Last quarter's announcement
indicated our success will be based upon supporting a steady stream of new
customers with unique technology and proprietary products. These are accounts
which initially require greater services and effort on our part with the
knowledge that the revenue contribution can be six to nine months in the future.
However I believe they are the right customers for us and will result in growth
and profitability. "



IEC is a full service, ISO-9001 registered EMS provider. The Company offers its
customers a wide range of services including design, prototype and volume
printed circuit board assembly, material procurement and control, manufacturing
and test engineering support, systems build, final packaging and distribution.
Information regarding IEC's second quarter 2004 results can be found on its web
site at: www.iec-electronics.com/news.php.
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The foregoing, including any discussion regarding the Company's future
prospects, contains certain forward-looking statements that involve risks and
uncertainties, including uncertainties associated with economic conditions in
the electronics industry, particularly in the principal industry sectors served
by the Company, changes in customer requirements and in the volume of sales to
principal customers, competition and technological change, the ability of the
Company to control manufacturing and operating costs, satisfactory relationships
with vendors. The Company's actual results of operations may differ
significantly from those contemplated by any forward-looking statements as a
result of these and other factors, including factors set forth in the Company's
2003 Annual Report on Form 10-K and in other filings with the Securities and
Exchange Commission.

Contact:
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Heather Keenan
IEC Electronics Corp.
(315) 332-4262
hkeenan@iec-electronics.com
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