New European Sales Manager for Eagle Precision Technologies Inc. Brantford, Canada, August 17th, 2003 Effective September 1, 2003, James Regan will assume the role of European Sales Manager for Eagle Precision Technologies Europe. Mr. Regan started his career as a service technician responsible for installations of tube benders in the UK and Europe in 1989. Mr. Regan previously worked for Eagle as a sales representative in the UK from 1997 to 2000. James has proven himself to be an expert in his field and as such has written technical articles for the TPJ and the Fabricator and has given technical presentations at various trade shows. Mr. Regan has been working as a regional sales manager in the USA for the last 3 years and rejoins Eagle to spearhead the re-growth of Eagle in the European market. James will be based out of Manchester, U.K. in September and can be reached at the office number 44-161-929-2429 or on his mobile at 44-777-573-4462. E-mail can be forward to jregan@eaglept.com. Eagle Precision Technologies Inc. through its operating subsidiaries, designs and manufactures machines used in metal tube forming to shape and manipulate metal tubes; it also provides services to automate and integrate these machines. The Company's principal products are tube bending machines, tube end forming machines and machine systems used in the manufacture of automotive exhaust systems, mufflers, catalytic converters, shock absorbers, suspension struts, automotive fluid handling tubes and structural components. The Company's machines are also used in the aerospace, furniture and refrigeration industries. Eagle Precision Technologies Inc. has facilities in Brantford, Ontario; Indianapolis, Indiana; Cheshire, England and Shanghai China.

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