Press Release
  8/19/2002

Morse Industries Announces New Mid-Atlantic Location
Growing Company Expands to the East Coast with New Charlotte, NC Location

After serving customers on the West Coast for 20 years, Morse Industries is extending their award-winning service to the East Coast. The new Charlotte, NC facility will officially open September 1 and will serve customers throughout the East Coast.

"While much the economy has been slow to pick up, we've been doing very well. Compared to the same time last year, sales are up 12%," stated Andrew Johnson, Marketing Manager at Morse Industries. "With sales increasing, we are still maintaining an on-time shipping rate of 94%."

"Sales to customers in the Southeast and Mid-Atlantic states has grown exponentially and we needed a location in that region to maintain the level of service our customers expect," said Terry Morse, President of Morse Industries. "We chose Charlotte due its central location and the fact that most of our East Coast customers are serviceable within 24 hours by truck delivery," said Morse. "It's a very distribution-friendly city and we look forward to providing a level of service in the region comparable to what we have provided on the West Coast for 20 years."

Morse Industries recently was awarded with the Riviera Marine Supplier of the Year Award. Graeme Madden, Riviera Marine Logistics Manager said, "The role of our suppliers is changing rapidly. No longer are we only looking for delivery on time, in full and 100% quality, but we encourage suppliers to become involved in our business. We see Morse Industries as progressive and a company that exceeds our expectations."

With locations in Los Angeles, San Francisco, Seattle, and now Charlotte, Morse Industries supplies manufacturers and builders with stock and custom stainless steel, aluminum and vinyl components. For more information or to request a binder, visit www.morseindustries.com, call 1-800-325-7513 or email info@morseindustries.com.

About Morse Industries
Morse Industries provides top-of-the-line aluminum, stainless steel, plastic and custom parts and extrusions for marine builders and manufacturers. Morse is a full-service company that values its customers. They strive to help customers improve their business by shipping on time, as promised. With a wide variety of high quality products and skilled expertise in their products and applications, customers receive their orders as expected and gain efficiencies without spending time following up due to service issues. Visit Morse Industries at www.morseindustries.com.