Bonal International, Inc. Posts First Quarter Results

Net Income Off 65 Percent and Sales Decreased 6.6 Percent, with a 30 Percent Shareholder Equity Increase

ROYAL OAK, Mich., July 28 -- Bonal International, Inc. today announced first quarter ending June 30, 2008 unaudited results. Net income decreased by 65 percent from $179,859 at June 30, 2007 to $63,336. Bonal's sales decreased 6.6 percent from $644,773 to $601,951. Shareholder equity increased 30 percent.

Foreign unit sales are 39 percent, up from 36 percent last year. US purchases are softened but rental income of Bonal's technology has increased 42 percent, demonstrating that small businesses are interested in Bonal's technology but hesitant about making capital equipment purchases because of nervousness about the US economy.

"The decrease in net income is in part a result of Bonal investing cash in increased marketing programs including more tradeshows, additional advertising and training," said A. George Hebel, III, chairman and president of Bonal International. "These programs are part of a long term strategy to increase Bonal's market presence and sales."

  1st Quarter ending June 30, 2008
                          2008              2007
  Revenue               $601,951          $644,773
  Net income             $63,336          $179,859
  Earnings per share       $0.04             $0.11

As the world's leading provider of sub-harmonic vibration technology for metal improvement solutions, Bonal's goal is to help companies keep competitive by reducing operating and energy costs. Bonal's technology helps a variety of industries including aerospace, armament, automotive die casting, engine building, machine tool, mining, petroleum, plastic molding, racing, ship building and welding.

Bonal International Inc. through its wholly owned subsidiary, Bonal Technologies, Inc., is the world's leading provider of sub-harmonic technology for metal improvement solutions with more than 35 years of expertise. Bonal's patented technology is an environmentally friendly, "green technology" that replaces some heat treating processes and reduces energy consumption by 98 percent. Bonal's patented technology and its three product lines: Meta-Lax(R) Stress Relief, Pulse Puddle Arc Welding(R) (PPAW(R)) and Black Magic(R) for distortion control, are sold in the US and in more than 49 countries. Headquartered in Royal Oak, Mich., Bonal provides a variety of services including consulting, training, program design and metal stress relief services for customers.