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Press Release Summary:

May 08, 2007 - DANBORO, PA, April 20, 2007 - Chris Marx has joined PennEngineering® as Global Vice President of Sales and Marketing. In his new position, Marx will oversee worldwide sales and marketing functions of the Company. Marx has extensive sales and marketing experience in the fastening industry, serving the electronics and aerospace customer markets, among others. Most recently he was Vice President of Sales and Marketing for Cherry Aerospace. PennEngineering develops and manufactures PEM® self-clinching, broaching, weld, and surface mount fasteners; SI® inserts for plastics; and Atlas® SpinTite®, MaxTite®, and Plus+Tite® blind threaded inserts. The Company's fastener-installation equipment includes PEMSERTER® automatic and manual precision presses, In-Die and robotics capabilities, the StickScrew® System for small-screw insertion, and Atlas® tools. The Automotive Fastener Division specifically makes fasteners and precision components primarily targeting the transportation and industrial market sectors. Headquartered in Danboro, PA, USA, PennEngineering operates manufacturing facilities and key sales offices in North America, Europe, and Asia and is supported by a worldwide network of authorized engineering representatives and distributors. Contact Leon M. Attarian, PennEngineering®, 5190 Old Easton Road, Danboro, PA 18916 USA. Phones: 800-237-4736 (toll-free in the U.S.) and 215-766-8853; Fax: 215-766-0143. Web site: www.pemnet.com

Original Press Release

Chris Marx Joins PennEngineering® as Global Vice President of Sales and Marketing

Press release date: Apr 20, 2007

DANBORO, PA, April 20, 2007 - Chris Marx has joined PennEngineering® as Global Vice President of Sales and Marketing. In his new position, Marx will oversee worldwide sales and marketing functions of the Company.

Marx has extensive sales and marketing experience in the fastening industry, serving the electronics and aerospace customer markets, among others. Most recently he was Vice President of Sales and Marketing for Cherry Aerospace.

PennEngineering develops and manufactures PEM® self-clinching, broaching, weld, and surface mount fasteners; SI® inserts for plastics; and Atlas® SpinTite®, MaxTite®, and Plus+Tite® blind threaded inserts. The Company's fastener-installation equipment includes PEMSERTER® automatic and manual precision presses, In-Die and robotics capabilities, the StickScrew® System for small-screw insertion, and Atlas® tools. The Automotive Fastener Division specifically makes fasteners and precision components primarily targeting the transportation and industrial market sectors.

Headquartered in Danboro, PA, USA, PennEngineering operates manufacturing facilities and key sales offices in North America, Europe, and Asia and is supported by a worldwide network of authorized engineering representatives and distributors.

Contact Leon M. Attarian, PennEngineering®, 5190 Old Easton Road, Danboro, PA 18916 USA. Phones: 800-237-4736 (toll-free in the U.S.) and 215-766-8853; Fax: 215-766-0143. Web site: www.pemnet.com