For Immediate Release: IMS Companies 1 Innovation Drive, Des Plaines, IL 60016 www.imsmfg.com Contact: Robert J. Nellemann IMS Buhrke-Olson Director of Marketing 224-265-6549 rnellemann@imsmfg.com Date: June 2, 2006 Press Release IMS COMPANIES ACQUIRES THE OPERATIONS OF DIEBEL MANUFACTURING COMPANY IMS Companies LLC (Innovative Manufacturing Solutions) of Elk Grove Village, IL – A holding Company with manufacturing operations in the Midwest and Mexico announces the acquisition of Diebel Manufacturing Company of Morton Grovc, IL. IMS provides metal stampings, sheet metal fabrications, specialized machining and custom wire harness and cable assemblies to OEM’s in the appliance, automotive, electronic, industrial and medical industries. Diebel Manufacturing, founded in 1937, has long served original equipment manufacturers as a premier source for complex metal stampings and assemblies. Equipment and personnel from Diebel will be absorbed into the operations of IMS Buhrke Industries. IMS Buhrke, one of the IMS companies, is a highly regarded tool building and metal stamping business with a 56 year history and certification to TS 16949, ISO 9001:000 and ISO 14001 standards. IMS Buhrke has operations in Arlington Heights, IL, Downers Grove, IL and Monclova, Coahuila, Mexico. The acquisition was completed on April 24, 2006. Consolidation of the Diebel Manufacturing operations to IMS Buhrke facilities should be completed in June, 2006. ###