March 19, 1999 – Kipco International, Inc., and LE.DI.CA., Srl., announce the formation of their joint venture, LE.DI.CA., Srl.-Kipco International, Inc. This new enterprise is designed to serve users of tig and plasma welding systems in the tube and pipe industry.

LE.DI.CA., Srl.-Kipco International, Inc. will focus on the sale of multi-cathode tig welding, pulse welding power supplies, and plasma tig welding systems.

Kipco International, Inc.'s, twenty-five years in the tube and pipe industry, with significant experience in welding and forming, combined with LE.DI.CA., Srl.'s, twenty-seven years of building the finest weld systems in the world, instantly propel their new company into the industry's top tier. LE.DI.CA., Srl.-Kipco International, Inc., is now the only complete turn-key source for welding tube materials such as stainless steel, titanium, high nickel, and high chrome.

"LE.DI.CA., Srl.-Kipco International, Inc., is proud to be offering an unmatched combination of welding equipment plus services to assist with forming and other issues that arise in the atmosphere of increased welding speeds on a tube/pipe mill." says President Christopher "Kip" Cole.

Kipco International, Inc., is the global leader in extrusion press services and is world renowned in the tube and pipe industry.

Further Information:

Attn: Stacy Reese
Tel: 941-299-0040
Fax: 041-294-2896
Email.
WWW. http://www.kipcointl.com