Star Technologies acquisition will strengthen mechanical repair capabilities

OLATHE, KANSAS, October 05, 2001 ...XTEC, a leading provider of repair and parts management services, is pleased to announce that Tempe, Arizona-based Star Technologies Corp. has agreed to merge its operations with XTEC.  All physical assets and key personnel will be transferred to XTEC's Olathe, Kansas facility as part of the transaction.  "We very pleased to be adding Star Technologies' mechanical remanufacturing capabilities to the company," according to Scott Martell, XTEC president, "Star's mechanical focus is the perfect compliment to XTEC's existing electronics and electromechanical repair operations.  We are committed to strengthening XTEC's position as a leading provider of depot repair solutions, and the acquisition of Star Technologies helps us to address the full range of our customers' repair requirements."

About XTEC

XTEC is an ISO 9001 registered services company providing a complete line of depot-level repair and parts management solutions to OEMs and service organizations.  XTEC offers a full range of post-manufacturing services including inventory management, returns processing, component-level electronics repair, assembly refurbishment, and asset recovery.  From board repair to fully integrated parts management solutions, XTEC focuses on turning parts support headaches into bottom-line profits for our customers.