Ediliziacrobatica (BIT:EDAC)
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EDAC Technologies Makes Hartford Courant's Top 25 List of the
'Best Publicly Traded Companies Based in Connecticut'
FARMINGTON, Conn., June 24 /PRNewswire-FirstCall/ -- EDAC Technologies
Corporation (OTC:EDAC.OB) (BULLETIN BOARD: EDAC.OB) , a designer and
manufacturer of tools, fixtures, jet engine components, injection molds and
spindles, today reported that it has been included in the Hartford Courant's
Top 25 list for 2005. The Courant Top 25, which was published on June 21,
2005, ranks the "best publicly traded companies based in Connecticut," using a
formula that takes a balanced look at profits, growth and shareholder returns.
Commenting on the selection, Dominick A. Pagano, President and Chief Executive
Officer, said, "We are very pleased to be recognized for our efforts and to be
included with some very outstanding Connecticut companies. In 2004, EDAC was
included in the Courant's 10 Best Comeback Companies, but not the Top 25 list.
Being rated in the Top 25 in 2005 is a tribute to the hard work of our
employees and the loyalty of our customers and vendors. We are proud to be
considered one of the best."
About EDAC Technologies Corporation
EDAC Technologies Corporation is a diversified manufacturing company primarily
offering (i) design and manufacturing services for the aerospace industry in
such areas as jet engine parts, special tooling, equipment, gauges and
components used in the manufacture, assembly and inspection of jet engines (ii)
high-precision fixtures, gauges, dies and molds and (iii) the design,
manufacture and repair of precision spindles, which are an integral part of
numerous machine tools found in virtually every manufacturing environment.
Cautionary Statement Regarding Forward Looking Statements -- This press release
contains forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The Company uses words such as
"plans," seeks," "projects," "expects," "believes," "may," "anticipates,"
"estimates," "should," and similar expressions to identify these forward
looking statements. These statements are subject to risks and uncertainties
and are based upon the Company's beliefs and assumptions. There are a number
of important factors that may affect the Company's actual performance and
results and the accuracy of its forward-looking statements, many of which are
beyond the control of the Company and are difficult to predict. These
important factors include, without limitation, factors which could affect
demand for the Company's products and services such as general economic
conditions and economic conditions in the aerospace industry and the other
industries in which the Company competes; competition from the Company's
competitors; and the Company's ability to enter into satisfactory financing
arrangements. These and other factors are described in the Company's annual
and quarterly reports filed from time to time with the Securities and Exchange
Commission. In addition, the forward-looking statements included in this press
release represent the Company's expectations and beliefs as of the date of this
release. The Company anticipates that subsequent events and developments may
cause these expectations and beliefs to change. However, while the Company may
elect to update these forward-looking statements at some point in the future,
it specifically disclaims any obligation or intention to do so.
For further information, please contact:
Glenn L. Purple
Vice President-Finance
Tel: (860) 677-2603
DATASOURCE: EDAC Technologies Corporation
CONTACT: Glenn L. Purple, Vice President-Finance, EDAC Technologies
Corporation, +1-860-677-2603
Web site: http://www.edactechnologies.com/