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Appointment:

I am pleased to announce the appointment of Ted W. Bronk as President of Noranco Manufacturing Ltd. effective 12 September 2005.

Reporting directly to me, Ted will have the responsibility for company operations, growth and profitability.

Ted was formerly with CAE Inc. and has over 30 years of management experience in the Aerospace Industry in Engineering, Quality, Procurement and Facility functions.

I welcome Ted to our organization to implement our strategic plan to grow our business and to improve customer satisfaction.

Bernardo Sztabinski
Chief Executive Officer