Thomas Walker Appointed Chief Financial Officer Of SDC International

    PALM BEACH, Fla.--Jan. 28, 2003--SDC International (OTC:SDCN) today announced that Thomas B. Walker has been appointed Chief Financial Officer of this American-based company, which is the majority and controlling shareholder of Czech heavy-duty truck manufacturer, Tatra. Walker has over 25 years of senior executive experience in financial management in the financial services industry and with large multinational corporations having multiple domestic and international locations. His previous positions as CFO have included publicly held financial and non-financial institutions with responsibility for all regulatory and SEC reporting requirements.
    On December 28, 2001, SDC completed and closed its US$32 million acquisition of the Czech Republic's specialty-truck manufacturing company, Tatra, a.s., an internationally recognized manufacturer of on/off road heavy-duty vehicles for commercial and military applications. Tatra, based in the town of Koprivnice, Czech Republic, reported over US$150 million in revenues and produced an after-tax profit of approximately US$6 million with EBITDA for 2001 of about US$13 million. SDC, which acquired 91.61% of Tatra from the Czech government, retains a controlling majority of 51%. Terex Corporation , a strategic shareholder of SDC owns, 19.5% of Tatra, and Tatra's largest customer, Vectra Limited, owns about 20% of Tatra. The remaining shares of Tatra, approximating 8%, are publicly-held.
    SDC's Chairman and Chief Executive Officer, Ronald A. Adams, stated "Our Board believes that, with the selection of Tom Walker as our CFO, we have found the perfect match for this very significant position within SDC. Tom's extensive experience and knowledge in financial, financing, treasury, audit and regulatory reporting on national and international levels are the exact areas which are key to SDC's plans for growth internally and by additional acquisition activities. Tom has the ability and experience to lead our capital formation and structuring which is an integral part of our growth plan." SDC's Board of Directors, in addition to Mr. Adams, includes Mike Srkal, SDC President and Managing Director of SDC Prague, Henry S. Green, Jr., a third generation Texas industrial manufacturer, and General Alexander M. Haig, Jr., former Secretary of State of the United States, former White House Chief of Staff and former chief of NATO as well as former President of United Technologies, Inc.
    A few of Walker's past executive positions include those of founder and Chairman of the Advisory Board of Brown Brothers Harriman & Co. in Palm Beach, Florida, Chairman, President and CEO of the First National Bank of Palm Beach, the private banking division of Southeast Banking Corporation, CFO of the National Bank of Georgia in Atlanta, and Treasurer of Southeast Banking Corporation in Miami, Florida. He began his career as an international financial economist with the International Trade Commission in Washington, D. C., and he served as a member of the Economic Advisory Committee of the American Bankers Association and an adjunct professor of economics at Florida International University.

    About SDC International

    SDC International is a publicly traded U.S.-based company focused on acquiring well-established industrial manufacturers with substantial revenues within Central and Eastern Europe. Tatra was the first acquisition in SDC's plan. Visit the SDC website at http://www.sdcn.com or the Tatra website at http://www.tatra.cz.

    Certain information in this announcement includes forward-looking statements regarding future events or the future performance of SDC International and Tatra that involve certain contingencies and uncertainties. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual events or performance to differ materially from those reflected in such forward-looking statements. Such risks and uncertainties, many of which are beyond SDC's control, include, among others: the effects of changes in laws and regulations; the effect of interest rates, government spending and general economic conditions on construction, mining and other activities in which SDC's products are sold; the national and international political climate; and other factors, risks and uncertainties set forth in more detail in SDC's filings with the U.S. Securities and Exchange Commission. Actual events or performance may differ materially from any forward-looking statement due to these and other risks, uncertainties and significant factors.