MISCOR Group S-1 Registration Statement for Public Offering of Common Stock Declared Effective

SOUTH BEND, Ind., May 18 -- MISCOR Group, Ltd., a South Bend, Ind.-based provider of electrical contracting and industrial services, said its Registration Statement on Form S-1 for the secondary resale of approximately 199 million shares of common stock by various selling shareholders was declared effective by the U.S. Securities and Exchange Commission (SEC) Friday, May 12, 2006. This is the initial public registration of the company's shares.

MISCOR, formerly Magnetech Integrated Services Corp., said its shares will be offered at a fixed price of $0.25 per share while it pursues a listing on the OTC Bulletin Board or other established trading market. MISCOR reported net sales of $46.3 million for the year ended Dec. 31, 2005, up from $28.9 million in the prior year, spanning electrical contracting and repair and engineering services for specialty electric motors, lifting magnets, power distribution systems and large diesel engines.

"We are pleased to have completed this critical milestone in our evolution as a Company. We now look forward to creating a market for our stock and providing better liquidity and value for shareholders, while using our stock as currency to fund acquisitions and continued growth," said MISCOR president and CEO John A. Martell.

For more information regarding MISCOR's filing, please visit http://www.sec.gov/ for the full text of the Form S-1 Registration Statement.

This announcement does not constitute an offer to sell any security. An offer may be made only by means of a statutory prospectus.

About MISCOR

Formerly known as Magnetech Integrated Services Corp., MISCOR conducts operations through three principal subsidiaries: Magnetech Industrial Services, Inc., which is primarily engaged in providing maintenance and repair services to industry for electric motors, lifting magnets and power distribution systems; Martell Electric, LLC which provides a wide range of electrical contracting services for industrial, commercial and institutional customers; and HK Engine Components, LLC which manufactures, repairs and engineers power assemblies for large diesel engines.