FastenTech, Inc. Announces Conference Call to Discuss Third Quarter 2003 Results

MINNEAPOLIS, July 24 -- FastenTech, Inc., a leading manufacturer and marketer of highly engineered specialty fasteners and fastener systems and engineered components that provide critical applications to a broad range of end-markets, will release its third quarter 2003 financial results on Monday, July 28, 2003 prior to the market opening. The company will also hold a conference call to discuss these results on Monday, July 28, 2003 at 11:00a.m. EDT (10:00 CDT). The telephone number to participate in the call is 1-888-747-3510.

The conference call will be recorded and available for replay through 12:00 midnight EDT on Thursday, July 31, 2003. To access the replay, please call 1-888-266-2081 (the ID for the call is 218179).

FastenTech, Inc., headquartered in Minneapolis, Minnesota, is a leading manufacturer and marketer of highly engineered specialty fasteners and fastener systems and engineered components that provide critical applications to a broad range of end-markets, including the automotive and light truck, construction, industrial, military, power generation, and medium-and heavy-duty truck markets.

The matters discussed in this press release may constitute forward-looking statements that are subject to many uncertainties. Forward-looking statements are identified by such forward-looking terms as "may," "will," "could," "should," "seeks," "intends," "estimates," "guidance," "expects," "believes," "anticipates" or "plans" or the negative thereof or other comparable terms, or by discussions of strategy, plans or intentions. In particular, any statements, express or implied, concerning future operating results or ability to generate revenues, income or cash flow to service debt are forward looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. These include risks associated with: our actual versus expected internal growth; our high degree of leverage; our ability to comply with certain financial and other covenants in our loan agreements and indentures; the success or failure of our growth strategies, including international expansion; our ability to attract and retain customers; our ability to accurately predict our production capacity requirements; our ability to attract and retain key personnel; our ability, and the ability of our customers, to maintain good labor relations with our and their respective employees and the union representing them; our ability to develop and market new products and to innovate existing product lines; our ability to protect our intellectual property; the cost and availability of raw materials, especially steel; trends and conditions in our business, including trends in the markets that we serve; our ability to identify and integrate acquisitions; our future capital needs; our ability to continue to control costs and maintain quality; our ability to comply with applicable governmental laws and regulations and the cost of such compliance; and competitive conditions in the markets in which we operate. In light of these and other uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as a representation by FastenTech that FastenTech's plans and objectives will be achieved. The Company does not assume any obligation to update any forward-looking statements or other information contained in this press release.