PRESS RELEASE

For Immediate Release
July 15, 2005

Eleison Composites, LLC Moving Operations
To Morgantown, Kentucky

Eleison Composites, LLC, based in Grandville, Michigan today announced the relocation of its production operations to Morgantown, Kentucky. Eleison manufactures plastic and fiberglass composite reinforcements that are primarily used in automotive applications in the North American and European markets.

F. Arthur Simmons, President of Eleison Composites, LLC comments that "Eleison is excited about relocating to Morgantown and has been impressed with the cooperation of Mayor Charles Black, the people of Morgantown and Butler County, and the Commonwealth of Kentucky. We look forward to growing our business with the people of Morgantown."

Mayor Black echoes the excitement of Eleison Composites' management. "Eleison will be an important addition to the economic growth of Morgantown. We believe that their business philosophy will lead to substantial growth opportunities and we look forward to sharing in their success."

Eleison will begin production operations in August with an initial employment of 25 people. As new equipment is added over the next two years, Eleison anticipates employment in Morgantown to reach 150 people. Prospective employees are asked to fill out an application at the Morgantown city offices.

Eleison Composites, LLC takes pride in developing its team members and providing customers with high-quality custom-engineered solutions to their thermoplastic reinforcement, composite, and laminate needs. For more information, please visit us online at www.eleisoncomp.com.

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