EXHIBIT 99.1

        IEC ANNOUNCES FOURTH QUARTER AND YEAR END RESULTS FOR FISCAL 2004

Newark, NY - November 17, 2004 - IEC Electronics Corp. (IECE.OB) announced today
its results for the fourth quarter and fiscal year ending September 30, 2004.

IEC reported net income of $62,000 or $0.01 per share on revenue of $7.7 million
for the quarter.  This  compares to a net income of $575,000 or $0.07 per share,
of which $260,000 was  non-operating  income, on revenue of $9.1 million for the
same quarter a year ago.

IEC's net loss for fiscal 2004 was ($828,000) or ($0.10) per share on revenue of
$27.7  million.  This  compares  to net  income of $2.5  million,  of which $1.1
million was from  non-operating  income,  or $0.31 per share on revenue of $48.2
million, for fiscal year 2003.

W. Barry Gilbert,  Chairman of the Board and CEO,  stated,  "Although our fourth
quarter profit was modest, we are pleased to announce a return to profitability.
This  quarter  also  included  restructuring  charges of $97,000 for  activities
commenced  during the previous  quarter but completed  during this  quarter.  As
reported in previous  announcements  the loss of Motorola's  business has been a
challenge.  Last year at this time two accounts,  which are no longer customers,
represented 87% of our business. Making the adjustments necessary to reshape IEC
during this period of transition  has been  difficult.  We are pleased to report
that our account  concentration has changed such that six accounts represent 82%
of our revenue. We fully expect to further diversify our account base throughout
2005."

Gilbert continued,  "We are pleased to report that the Company's long-term debt,
including  the current  portion of long-term  debt, at year end was $1.3 million
down from $2.7 million at year-end last year. At the time of our  refinancing in
January, 2003 our long-term debt totaled $5.5 million. We have aggressively paid
down our debt. This strengthened our financial position, improved our enterprise
value,  and supports our efforts to pursue new customers.  Our goal continues to
be steady profitable growth from our current and expanding sales base.

We may have some difficult  periods in the early part of the year as we work our
way  through the balance of the  transition.  Just after the quarter  closed Don
Doody  joined  the  company  from  Plexus   Corporation  as  Vice  President  of
Manufacturing.  We are  excited to have Don at IEC. He and Jeff  Schlarbaum  who
joined in May, our Vice  President of Sales and  Marketing,  also  formerly from
Plexus,  bring substantial  industry experience and a wealth of knowledge to the
Company.  With their help we look  forward to 2005 with  guarded  optimism.  The
actions taken this year have lowered our breakeven,  yet our return to sustained
profitability  will only come from improved  capacity  utilization and continued
diligence to improve our operational  efficiency.  We do anticipate that some of
the new customers  that have joined us this year will be growing next year,  and
the  prospects for new  customers is more  promising  than it has been this past
year."



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 forth quarter 2004 results can be found on its web
site at www.iec-electronics.com/news.php.

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
2004 Annual  Report on Form 10-K and in other  filings with the  Securities  and
Exchange Commission.

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