EXHIBIT 99.1

        Press Release issued by IEC Electronics Corp. dated January 29, 2004


               IEC Announces First Quarter Profit for Fiscal 2004



     Newark, NY - January 29, 2004 - IEC Electronics Corp.  (IECE.OB)  announced
today its results for the first  quarter of fiscal  2004,  ending  December  26,
2003.

     IEC  reported  net income of $132,000 or $0.02 per share on revenue of $6.5
million for the quarter.  This compares to a net income of $443,000 or $0.06 per
share on revenue of $9.6 million for the same quarter a year ago.

     W. Barry Gilbert, Chairman of the Board and CEO, stated, "We are pleased to
announce a profit for the sixth consecutive  quarter.  Although it is modest, in
light of the  absence of business  from  Motorola  we are  comfortable  with the
results.  We continue to aggressively manage our expenses and pay down our debt.
Our total debt at the end of December was $5.5 million,  down from $11.5 million
at the end of 2002.  This  improvement  in our financial  position  allows us to
actively  pursue  new  customers,  as well as give those that just began to work
with us the time to grow and reach our expectations.

     Gilbert  further  added,  "We are  keenly  aware  that  the loss of a major
customer  takes time to  replace.  We have that time and  capability  due to the
deleveraging  of our  balance  sheet and our  reputation  as a  dependable  high
quality  supplier.  While the economy is improving,  it is not totally robust in
the  sectors we serve.  However,  the  climate  for  capital  spending is slowly
improving  and the change in attitude and  willingness  to spend is  translating
into  opportunity for some of our customers.  A few of them are  experiencing an
increase  in  demand  of more than  30%,  which in turn has  translated  into an
increase  in demand  for IEC's  services.  We expect  that the  Company  will be
profitable this year, yet this will be a rebuilding year for us - no miracles or
instant results, just steady tempered growth from our current base."

     IEC is a full service,  ISO-9001:2000  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 first  quarter  2004 results can be
found on its web site at www.iec-electronics.com/1stquarter2004pr.

     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,   the  ability  of  the  Company  to  assimilate  acquired
businesses  and to  achieve  the  anticipated  benefits  of  such  acquisitions,
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:
--------
Heather Keenan
IEC Electronics Corp.
(315) 332-4262
hkeenan@iec-electronics.com

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