As filed with the Securities and Exchange Commission on February 12, 1998

EX-1 3 subsidiaries.htm PCDS SUBSIDIARIES As filed with the Securities and Exchange Commission on February 12, 1998

EXHIBIT 21.1

SUBSIDIARIES OF PCD INC.

PCD USVI, Inc., a United States Virgin Islands corporation
WELLS-CTI, Inc., an Indiana corporation
     SUBSIDIARIES OF WELLS-CTI, INC.
          Wells-CTI Kabushiki Kaisha, a Japanese corporation
          Wells International Corporation, Inc., an Indiana corporation