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Molinaro Tool and Die Names Prestia Financial VP

30 May 2000

Molinaro Tool and Die Names Prestia Financial VP

    NEW CASTLE, Pa., May 30 Luca Molinaro, Chief Executive
Officer of Molinaro Tool and Die, announced the appointment of long-time
injection molding financial officer Frank Prestia as its first Vice President
of Finance.
    Prestia, of Ellwood City, was, since 1995, chief financial officer and
treasurer of Ideas in Motion of New Castle.  In the 10 years previous to that,
he was chief financial officer and treasurer at Northern Engineering and
Plastics Corp., also of New Castle.
    "Frank's experience in the injection molding business brings us a
financial expert who can help us with the demands of our expanding business
and to help us expand on the West Coast," said Molinaro.  The Shenango Park
manufacturer of molds and dies for the injection plastic closure market is
expanding its operation along with its sister company Consumer Cap into
Phoenix.
    "I am very excited about this new position," said Prestia.  "This will
give them a chance to work in a very dynamic industry for a very dynamic
corporation."
    Prestia's move to Molinaro Tool and Die will occur June 1.