Advanced Products Corporation Acquires Majority Interest in Advanced Machine & Stretchform International

NEW YORK, May 24, 2005 -- Advanced Products Corporation (APC) announced today the purchase of a majority interest in Advanced Machine & Stretchform International, Inc. (AMSI), located in Gardena, California.

Advanced Products Corporation is a holding company whose goal is to establish a major design and production capability for the next generation of products for the aerospace, defense, automotive and medical industries. Kline Hawkes and Company, a Los Angeles based private equity firm is a major investor in APC. APC was advised and introduced to AMSI by Mergers and Business Acquisitions, Inc., of Los Angeles, California ( http://www.bizacq.com/ ).

"AMSI represents another major building block in APC's portfolio of companies that design and manufacture state-of-the-art products for the twenty-first century. AMSI possesses new, unique manufacturing capabilities and is led by well-experienced and extremely capable industry professionals with a solid record of growing and successfully managing aerospace manufacturing companies. I wish to welcome them to the APC team," said Paul Pendorf, President of APC.

"The partnership with APC represents a perfect fit to complete the company's long range strategic plan," said Bob Hansen, President /COO of AMSI. "During the past two years we have restructured the business by implementing a talented management team, expanding our capabilities and improving our manufacturing processes. We have also significantly enhanced our internal systems. As part of the APC organization, we believe that our growth will be further accelerated," Mr. Hansen concluded.

Founded in 1970, AMSI is proud of its 35-year heritage as a manufacturer of structural components for the aerospace, defense and space industries. It produces complex machined and formed aluminum and titanium structural components such as, wing panels, large fuselage sections, fuel tanks for space boosters, and helicopter hub and rotor assemblies. Clients include the worldwide commercial, military, and space divisions of Boeing, Airbus, Lockheed Martin, NASA, Northrop Grumman, Vought Aircraft, Agusta Westland, Israel Aircraft and others.

Advanced Products Corporation (APC) is a holding company whose goal is to establish a major design and production capability for the next generation of products for aerospace, defense, automotive, and medical applications.