LAI launches new web site

FOR
IMMEDIATE RELEASE

LAI launches new web site

Site reinforces company’s identity as strategic supplier

of precision-manufactured components for OEMs

SCOTTSDALE, Ariz., July 3, 2008 – LAI International, Inc. has announced the launch of
its newly re-designed web site LAIco.com, unveiling its new brand identity as strategic supplier
of precision components and sub-assemblies for original equipment manufacturers.

   “The new web site communicates LAI’s
successes, including its significant growth, technological developments, manufacturing
innovations and superior customer service,” Ed Chapman, V.P. of business development, said. “The re-vamped
site reflects LAI’s leadership position in providing complete contract
manufacturing solutions and services for mission-critical applications in aerospace,
power generation, defense and other advanced technology industries.”

   LAI
has also introduced its new tagline “The Precision Manufacturing Experts,”
reinforcing the company’s excellence in delivering precision engineered
components and assemblies to its customers.

  The
site highlights LAI’s major accounts—the largest OEMS in the world—including BAE, The Boeing Company, GE,
Lockheed Martin, Northrop Grumman and Pratt & Whitney, among others.

   The completely redesigned web site has
undergone significant enhancements in navigation, content and search capability.
The site features an offer for comprehensive manufacturing evaluations by LAI’s
team of manufacturing experts, and includes a new downloadable presentation,
announcements, case studies, testimonials and examples of LAI’s manufacturing
solutions.  

About
LAI International

   LAI is an approved supplier for large
potential growth manufacturing programs, including projects in green power
plant technology, aircraft parts and sub-assemblies, and defense components.
Revenues are forecast to reach $60 million in 2008, with an employment base
projected at 350 by the end of the year.

   LAI continues to execute its strategy of
expanding its capabilities by taking on more of its customers' supply chain.
LAI's acquisition in 2007 of RTI, Scarborough, Maine, expanded its capabilities in manufacturing power generation
and rotating equipment. In addition, LAI operates four other manufacturing
facilities, dispersed in key manufacturing regions across North America, with locations in Minneapolis, Phoenix,
Tucson and Westminster, Md.

   All five of LAI's fabrication
facilities are ISO 9001:2000 and AS9100 certified. The company also offers
NADCAP certified non-conventional machining and welding processes. In addition,
LAI has best-in-class manufacturing design teams located at each of its
production facilities, enabling optimized production throughput and quality.
   LAI is known for its experience in
supply chain management of complex manufacturing processes and its technical expertise
in advanced waterjet cutting, drilling and five-axis machining, as well as precision
laser processing, including laser cutting, drilling, welding, heat-treating and
five-axis machining. The company also offers high-speed CNC machining, electrical discharge machining, including wire, plunge and
hole-drilling EDM processing, five-axis grinding, welding, conventional
machining and certified gage calibration. Additional capabilities include sheet
metal fabrication, tool design and air-flow inspection.

   LAI was acquired by Spell Capital Partners,
LLC, Minneapolis, Minn. Its corporate headquarters are

located
in Scottsdale, Ariz. For more information, see www.LAIco.com.

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