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Press Release Summary:

Apr 22, 2011 - CORONA, CA, April 18, 2011 - Bob Reece has been named President of 3V® Fasteners Company, Inc., it was announced today by corporate parent PennEngineering®. Reece succeeds Daryl VerDoorn, who is retiring after founding the Company in 1982. 3V, based in Corona, specializes in precision aerospace fastener products. Reece joins 3V Fasteners after a 31-year career in the aerospace fastener industry with Air Industries (AIC) in Garden Grove, CA, where he earned a series of promotions and gained increasing responsibilities. Reece has served as President of AIC for the past six years, where his team has been credited with improving customer service, expanding product scope, and more than doubling sales. "Bob's extensive skill set and experience in the aerospace fastener industry reinforces and further advances our key strategy to build upon and expand our presence within the aerospace marketplace," said Mark Petty, President and Chief Executive Officer of parent PennEngineering. 3V Fasteners is a subsidiary of PennEngineering (Danboro, PA) and a leading manufacturer of externally threaded aerospace fasteners and its products have approvals of the major global aircraft/aerospace OEMs. 3V is an AS9100 accredited company and U.S. Government QSLM approved. The Company's products are distributed through a global network of recognized aerospace fastener distributors. Contact Leon M. Attarian, PennEngineering, 5190 Old Easton Road, Danboro, PA 18916-1000 USA. Phones: 800-237-4736 or 215-766-8853; Fax: 215-766-0143. Web site: www.pemnet.com

Original Press Release

Bob Reece Named President of 3V® Fasteners Company, Inc.

Press release date: Apr 18, 2011

CORONA, CA, April 18, 2011 - Bob Reece has been named President of 3V® Fasteners Company, Inc., it was announced today by corporate parent PennEngineering®. Reece succeeds Daryl VerDoorn, who is retiring after founding the Company in 1982. 3V, based in Corona, specializes in precision aerospace fastener products.

Reece joins 3V Fasteners after a 31-year career in the aerospace fastener industry with Air Industries (AIC) in Garden Grove, CA, where he earned a series of promotions and gained increasing responsibilities. Reece has served as President of AIC for the past six years, where his team has been credited with improving customer service, expanding product scope, and more than doubling sales.

"Bob's extensive skill set and experience in the aerospace fastener industry reinforces and further advances our key strategy to build upon and expand our presence within the aerospace marketplace," said Mark Petty, President and Chief Executive Officer of parent PennEngineering.

3V Fasteners is a subsidiary of PennEngineering (Danboro, PA) and a leading manufacturer of externally threaded aerospace fasteners and its products have approvals of the major global aircraft/aerospace OEMs. 3V is an AS9100 accredited company and U.S. Government QSLM approved. The Company's products are distributed through a global network of recognized aerospace fastener distributors.

Contact Leon M. Attarian, PennEngineering, 5190 Old Easton Road, Danboro, PA 18916-1000 USA. Phones: 800-237-4736 or 215-766-8853; Fax: 215-766-0143. Web site: www.pemnet.com