EDAC Technologies Ranked 13th on the Hartford Courant's Top 25 List of the 'Best-Run, Most Successful Public Companies' Headqua

FARMINGTON, Conn., June 13  /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 ranked 13th in the Hartford Courant's 3rd annual Top 25 list for 2006. (http://www.courant.com/top25) The Courant Top 25, published today, ranks the "best-run, most successful public companies" headquartered 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.  In 2005, EDAC was ranked 24th in the Top 25 list.  Moving up to 13th in the Top 25 today 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.

  Contact:
  Glenn Purple
  EDAC Technologies Corporation
  860-679-7418


DATASOURCE: EDAC Technologies Corporation



CONTACT: Glenn Purple of EDAC Technologies Corporation, [phone]



Web site:  http://www.edactechnologies.com/

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