LAI achieves record year

Sales increase more than 53%

SCOTTSDALE, Ariz., Feb. 20, 2008 -- LAI International, Inc., a strategic supplier of precision components and sub-assemblies for original equipment manufacturers, announced a record sales increase of more than 53 percent over the previous year.
“Last year was a great success for us, and this year looks like a breakthrough year for LAI,” Stewart Cramer, president of LAI, said. “We are well positioned in the three largest growth markets for precision manufacturing--aerospace, strategic defense and power generation. We will continue to diversify our business mix in our core markets and within our operating sites to ensure robust growth and stability.”

About LAI International

LAI is an approved supplier for large potential growth manufacturing programs, including projects in green power plant technology, aircraft parts and sub-assemblies, and defense components. Revenues are forecast to reach $58 million in 2008, with an employment base projected at 350 by the end of the year.
LAI continues to execute its strategy of expanding its capabilities by taking on more of its customers' supply chain. LAI's acquisition in 2007 of RTI, Scarborough, Maine, expands its capabilities in manufacturing power generation and rotating equipment. In addition, LAI operates four other manufacturing facilities, dispersed in key manufacturing regions across North America, with locations in Minneapolis, Phoenix, Tucson and Westminster, Md.
LAI is known for its experience in supply chain management of complex manufacturing processes and its technical expertise in advanced waterjet cutting, drilling and five-axis machining, as well as precision laser processing, including laser cutting, drilling, welding, heat-treating and five-axis machining. The company also offers high-speed CNC machining, electrical discharge machining, including wire, plunge and hole-drilling EDM processing, five-axis grinding, welding, conventional machining and certified gage calibration. Additional capabilities include sheet metal fabrication, tool design and air-flow inspection.
LAI was acquired in 2005 by Spell Capital Partners, LLC, Minneapolis, Minn. Its corporate headquarters are located in Scottsdale, Ariz.
For more information, see LAIco.com.

Quick Facts: LAI International, Inc.
Founded: 1979
Mfg. facilities: Phoenix, Tucson, Minneapolis, Westminster, Md., and Scarborough, Maine
Headquarters: Scottsdale, Ariz.