Coining Strengthens Management Team with Appointment of New Controller

September 24, 2007

Coining has named John Bailey as its new Controller, strengthening its management team and depth through the addition of an experienced financial executive with a significant manufacturing industry background. Previously, this role was filled on a part-time basis by company President Ken Whited to whom John will report.

"Adding John to our team will help me significantly," explains Mr. Whited. "He will assume responsibility for all accounting and financial functions. In particular, John's background in cost accounting will assist us in better managing our cost structure."

"We are delighted that John has chosen to join Coining," adds Gary Holcomb, the company's CEO. "Our management group is a mixture of company veterans, industry professionals and talented outsiders with specific skills we need. John will fit in well."

Mr. Bailey previously worked at Par Pharmaceutical as cost accounting manager and with Holtzbrinck Publishers as director of cost and inventory accounting. Earlier in his career, he was employed by Schering-Plough, British Petroleum and Chase Manhattan Bank in various accounting and financial analyst roles. He earned a BS in Accounting at Fairfield University and an MBA in Finance at Fairleigh Dickinson University.

Coining, Inc. is the largest manufacturer of solder and brazing preforms for microelectronic packaging and assembly worldwide. From its facility in Saddle Brook, NJ located about 20 miles west of New York City, the company supplies solder preforms, microstampings and cover assemblies to more than 400 customers in twenty-five countries.

For more information about Coining, please visit www.coininginc.com or email sales@coininginc.com.