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MISCOR Group Names Industry Veteran Frank Larkin as Executive Vice President of American Motive Power Business Unit

2008-08-20 15:05:00

    SOUTH BEND, Ind., Aug. 20 /EMWNews/ -- Industrial services

provider MISCOR Group, Ltd. (OTC Bulletin Board: MIGL) today announced it

has named Frank Larkin as Executive Vice President for American Motive

Power, Inc. (AMP) part of MISCOR's industry-leading Repair, Remanufacturing

and Manufacturing Division (RRM). Larkin brings more than 30 years of

mechanical and operational experience to his new role at MISCOR.



    "I am very excited about the addition of Frank to our team, and I look

forward to the positive impact that he will have on the MISCOR railroad

business," said Richard Tamborski, MISCOR's Executive Vice President and

COO. "With deep experience in both freight and passenger rail, his broad

knowledge base will play a key role in improving AMP's operational

performance and customer development."



    Larkin most recently served as Vice President and General Manager of

Locomotive Services at Progress Rail, a Caterpillar Company, where he was

responsible for overall locomotive operations, including management of the

Company's locomotive repair facilities. Larkin has also held leadership

roles with Metro East Industries and Boise Locomotive.



    AMP provides services to repair and remanufacture locomotives and

diesel engines for the rail industry from its 250,000-square-foot facility

based in Dansville, New York, whose capacity enables AMP to service up to

20 locomotives simultaneously. AMP was acquired by MISCOR in January 2008.



    "Frank's global experience as a railway executive is a welcome addition

to our management team," said John Martell, President and CEO of MISCOR.

"His technical and operational knowledge along with his leadership ability

will be immediately beneficial to our business and customers as we continue

to solidify MISCOR's position as a leader in the rail industry."



    About MISCOR



    South Bend, Ind.-based MISCOR Group, Ltd. (OTC BB: MIGL) provides

electrical and mechanical solutions to industrial, commercial and

institutional customers through two segments: RRM (repair, remanufacturing

and manufacturing) segment, which provides maintenance and repair services

for industrial motors, generators and lifting magnets, and diesel engine

component manufacturing, remanufacturing and repair services; and CES

(construction and engineering services) segment, which provides a wide

range of electrical and mechanical contracting services and engineering and

repair services for electrical power distribution systems.



    In 2007, MISCOR entered the wind power industry through its acquisition

of 3-D Service, Ltd., providing up-tower and in-shop wind power service

including comprehensive inspections; filter and lubricant replacement;

bearing and slip ring replacement; coupling and gearbox service; balancing

and alignment; predictive maintenance, and equipment repair and

remanufacturing. MISCOR was ranked on the Inc. 500 in 2004 and 2005 and has

grown to more than 600 employees in 14 locations nationwide.



    Forward-Looking Statements



    This press release includes "forward-looking statements" within the

meaning of the safe harbor provisions of the United States Private

Securities Litigation Reform Act of 1995. Words such as "anticipates,"

"believes," "estimates," "expects," "intends," "should," "could," "will,"

or variations of such words and similar expressions are intended to

identify forward-looking statements. These forward-looking statements

reflect the Company's views, expectations and beliefs at the time such

statements were made with respect to such matters, and may cover such items

as the Company's future plans, objectives, events, contract pricing and

results such as revenues, expenses, income, earnings per share, capital

expenditures, operating margins, financial position, expected results of

operations and other financial items. There are a number of factors, many

of which are beyond the Company's control, which could cause actual results

and outcomes to differ materially from those described in the

forward-looking statements. Forward-looking statements are not guarantees

of future performance and involve certain risks, uncertainties and

assumptions ("Risk Factors") that make the timing, extent, likelihood and

degree of occurrence of these matters difficult to predict. Risk Factors

include, among others: price of raw materials, ability to win and service

competitively priced new contracts in sufficient amounts to operate and

expand effectively, employee turnover, ability to compete in highly

competitive, geographically diverse marketplaces, and varying and sometimes

volatile economic conditions. For further discussion of risks and

uncertainties, individuals should refer to the Company's SEC filings.

MISCOR Group, Ltd. undertakes no obligation and does not intend to update

these forward-looking statements to reflect events or circumstances

occurring after this press release is issued. You are cautioned not to

place undue reliance on these forward-looking statements, which speak only

as of the date of this press release. All forward-looking statements are

qualified in their entirety by this cautionary statement.





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