Gales Industries Incorporated to Present at the LI/NY Metro Capital Forum

BAY SHORE, N.Y., June 1  /PRNewswire-FirstCall/ -- Gales Industries Incorporated (OTC:GLDS) (BULLETIN BOARD: GLDS) , a leading operating/holding and management services integrator group within the aerospace and defense field, today announced that the Company was invited to present at the LI/NY Metro Capital Conference to be held on June 8, 2006 at the Huntington Hilton in Melville, NY.

The LI/NY Metro Capital Alliance presents the Forum annually.  The event is designed to showcase selected companies throughout the region.  Investors view this event as a mechanism to discover and get better acquainted with localized emerging growth companies.  Michael Gales, Chairman of Gales Industries, noted, "We view this event as a marvelous opportunity to gain broader recognition and increased visibility for our Company. While much of our Investor Relations campaign is national in scope, we also recognize the value of cultivating a strong base of support in close proximity to our main base of operations on Long Island."

ABOUT GALES INDUSTRIES INCORPORATED

Gales' strategy and attendant tactical plan is to execute a consolidation strategy among Tier III and IV aerospace/defense subcontractors.  Gales offers a tailored exit strategy in exchange for qualified acquisitions and targets technically superior organizations in the $15-100 million annual revenue range.  Gales is an operating/holding and management services integrator group within the defense/aerospace field, focusing on manufacturing, technical services and strategic product distribution opportunities.

Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995.  In particular, the Company's statements regarding trends in the marketplace and potential future results are examples of such forward-looking statements.  The forward-looking statements include risks and uncertainties, including, but not limited to, the timing of projects due to the variability in size, scope and duration of projects, estimates made by management with respect to the Company's critical accounting policies, regulatory delays, and other factors, including general economic conditions, not within the Company's control.  The factors discussed herein and expressed from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements.  The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstance. 

DATASOURCE: Gales Industries Incorporated



CONTACT: Michael A. Gales, Executive Chairman, Gales Industries

Incorporated, [phone], ext. 124

Copyright