Winco and Star Cutter Consolidate Sales

April 1, 2005—Michael E. Winbald, president of Winco Industries, Brad Lawton, president of Star Cutter Co. and David W. Goodfellow, president of Star SU LLC announced today that a mutual agreement between Winco and Star SU has been reached for the consolidation of sales activities of each company’s respective tool product lines. The intention of this agreement will be to consolidate all sales activities under Star SU LLC. The enterprise will be owned and managed by members of each respective company and will become effective July 1.

The merger creates a significant addtion to the existing Star SU comprehensive tool product line of PCD and CBN cartridges and inserts, reamers, special cutters and integral shank tooling for high volume transfer machining systems throughout North America.

The combined enterprise will benefit all chip making manufacturers by providing a single, competitive and efficient precision round tool and gear tool supply and support service.