STATE DEVELOPMENT DIRECTOR APPLAUDS PROCUREMENT CENTER
Precision Component Industries Receives PTAC Award

FOR IMMEDIATE RELEASE
July 1, 2003

Columbus, OH -- State Development Director Bruce Johnson today recognized Precision Component Industries (PCI), LLC, located in Canton (Stark County), as the Ohio Department of Development's Procurement Technical Assistance Center (PTAC) 2002 Outstanding Business of the Year.

The PTAC Outstanding Business of the Year award is presented to companies that demonstrate extraordinary success in the pursuit of government contracting opportunities and their continued support and advocacy of the
PTAC program.

"I congratulate PCI for its success in building its business through procurement opportunities," Director Johnson said. "I'm pleased that the Ohio Department of Development, through the PTAC program, is able to offer assistance to Ohio companies interested in securing government contracts."

PCI, owned by Tricia Gerak, was awarded $500,376 in prime and subcontract awards from several government agencies and prime companies in 2002 to manufacture replacement parts such as shafts, pistons, sleeves, collars, spindles and adapters for various Army and Navy applications. The company is also participating in the U.S. Air Force's elite "Manufacturing Technical Assistance Pilot Program," furthering its position as a cost effective high-quality core supplier to the Department of Defense. PCI is one of three
Ohio firms currently participating in this program. The Kent PTAC office, located at the Kent Regional Business Alliance, played a significant role in helping PCI obtain these contracts.

In 2002, Ohio's Procurement Technical Assistance Centers (PTAC) counseled 646 entrepreneurs and assisted in more than 3,564 follow-up counseling sessions. This assistance resulted in more than $143.1 million in government contracts and the creation or retention of 3,367 jobs. In addition to counseling and one-on-one training, Ohio PTACs offer marketing and information resources, bid matching services, product and procurement histories, military specifications and trade events where Ohio firms can interface with government buyers. For more information about Ohio's PTAC program and local service centers visit www.ohioptac.org.

CONTACT: Ian Nickey or Stacie Noel at (614) 466-2609

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