UC Investors, Inc. Agrees to Purchase Uni Boring Company, Inc.

HOWELL, Mich., Nov. 18, 2005 -- UC Investors, Inc., an investment group led by experienced automotive executives headed by Bruce R. Swift; The Carlyle Group, and The Relativity Fund/JME, have agreed to purchase Uni Boring Company, Inc., an automotive component machining and manufacturing operation with approximately 500 employees and three facilities in southeast Michigan.

The new ownership will change the name of the company to Diversified Machine, Inc. and continue to operate as a minority-owned business out of the existing headquarters in Howell, Michigan.

Mr. Swift, an automotive industry veteran who has held key executive positions in the industry including with Ford Motor Company and Honda, is the new company's chief executive officer. Stephen M. Bay, a former vice president at Metaldyne Corporation and Simpson Industries is Diversified Machine's chief operating officer, and Shankar Kiru, who held executive positions at Covisint and Allied Signal, is the chief financial officer.

The new management team's vision is to expand the existing company into a world-class operation with a global customer base.

"Diversified Machine, Inc. is uniquely positioned to provide its customers with competitive, world-class products," Mr. Swift said.

He says two major factors attracted his team to the company.

"First, it has an experienced, talented workforce that has combined quality products with professional service to attract a substantial customer base," Mr. Swift said. "Second, the value-added component machining segment continues to grow, driven by the outsourcing trends of the major OEMs and their tiers."

Joyce C. Johnson-Miller, managing partner of The Relativity Fund/JME agrees and added, "We believe Diversified Machine is a solid platform from which to build a larger organization to take advantage of these trends in the auto industry."

Diversified Machine's major product lines will include engine blocks, cylinder blocks and heads, intake and exhaust manifolds, transmission components and a variety of other powertrain components. Its facilities are located in the southeast Michigan communities of Howell, Detroit and Canton.

  For more information, contact:
  Joe Moreland
  Diversified Machine
  248-835-5873

NOTE TO EDITORS: Bios of CEO, COO and CFO available through contact.