Puroflow Incorporated to List Shares on Boston Stock Exchange

ROCKVILLE, Md.--Aug. 4, 2003--Puroflow Incorporated (OTCBB:PFLW)(BSE:AGX) announced that it has been approved for listing on the Boston Stock Exchange (BSE). The common stock will begin trading on the BSE as of August 4, 2003, with the stock symbol "AGX". The company intends to seek shareholder approval of a name change to Argan, Inc. at its next shareholder meeting and has decided to adopt a new symbol. The company will continue to be traded over-the-counter under the trading symbol "PFLW". Chairman of the Board Rainer Bosselmann stated, "A listing on the Boston Stock Exchange is a first step towards increasing market liquidity for our shareholders. We also plan to register the shares of our prior private placement as soon as possible to increase shares available to trade on the market."

Puroflow Incorporated, headquartered in Rockville, has an operating facility in Sun Valley, Calif., that provides a broad range of filtration products that are sold to aftermarket users in the aviation and automotive industries. Aftermarket users include, but are not limited to, original equipment manufacturers, domestic and foreign government, and military and commercial users.

In July 2003, Puroflow acquired Southern Maryland Cable, which is headquartered near Annapolis, Md., and provides inside premise wiring services to the federal government as part of the federal government commitment to Homeland Security improvements. In addition to the growing premise wiring services, Southern Maryland Cable also provides underground and aerial construction services and splicing to major telecommunications and utilities customers.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the Company believes the assumptions underlying the forward-looking statements contained herein, including the development plans of the Company, are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements contained in the press release will prove to be accurate. In light of significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.