PennEngineering to Present to the Philadelphia Securities Association at the Union League on Tuesday, May 1, 2001

    DANBORO, Pa.--April 27, 2001--PennEngineering, , today announced that it will be presenting to the Philadelphia Securities Association.
    The lunch meeting will take place at the Union League, 140 South Broad Street, in the heart of Philadelphia's business, financial and hotel district. The luncheon begins with a reception from 11:45AM to 12:15PM, this is followed by a luncheon period from 12:15 to about 12:45PM.
    A live webcast of PennEngineering's presentation will be available on the company's website at: www.penn-eng.com.

    About PennEngineering

    PennEngineering provides value-added solutions to leading worldwide computer, electronics, telecommunications, and automotive OEMs.
    Founded in 1942, PennEngineering is a global company headquartered in Danboro, Pennsylvania with manufacturing locations in North Carolina, Ohio, Pennsylvania, and Virginia, and export offices in the United States, Europe, and Asia and independent distribution facilities in more than 40 countries. More information about PennEngineering is available at www.penn-eng.com.

    About Philadelphia Securities Association

    The Philadelphia Securities Association was founded to promote and provide a platform for the distribution of corporate and investment knowledge to its members, the maintenance of the highest ethical standards in the conduct of the investment business, and the encouragement of an association of good fellowship among various constituents in the Philadelphia investment and securities business.
    The current resident membership is limited to 400 members and for many years the membership has been fully subscribed with a waiting list of potential new members. Membership includes all facets of the business including registered traders, portfolio managers and investment counselors.
    Approximately 40% of our membership is employed by "buy side," institutions such as banks, trust companies, insurance companies and advisory firms. The balance of our membership consists of, "sell side," analysts, traders and brokers from the brokerage industry. We also have press members. For more information please visit our website at http://www.philasecurities.com/.