International Quality System in China

Worldwide Precision Products in Shanghai Receives International Quality System Registration

Matawan, NJ – November, 2007—Precision Partners Holding Company (“Precision”), a leading global manufacturing and engineering services company that specializes in providing precision machined, stamped, cast, and fabricated components, as well as sophisticated die tooling and assemblies, and Motor Wheel® brand products, is pleased to announce that its Worldwide Precision Products facility in Shanghai, China has successfully met the ISO 9001:2000 audit standard and has also become ISO 14001:2004 registered. Harry Wong, CEO of Worldwide Precision Products, commented, “Worldwide Precision Products first met the ISO 9001:2000 standard in January 2006, and after nearly two years we have not only remained compliant to this standard but have continued the same hard work and dedication to have achieved certification to ISO 14001:2004. Our team at Worldwide is committed to meeting international quality standards and offering our customers the best in quality, delivery, and technology. This certification is both and honor and a symbol of that commitment.”

James P. Brennan, President of the Precision Partners Commercial Vehicle and Industrial Group added, “We’re very proud of the team at Worldwide Precision Products for having achieved another major milestone which exemplifies our commitment to the implementation of operational best practices. Our customers have always enjoyed outstanding quality and delivery performance and receiving these certifications along with the supplier awards we have been given demonstrate that our capabilities in China are world class.”

About Precision Partners

Precision Partners (a portfolio company of GSC Partners) is a leading global manufacturing and engineering services company with 22 production facilities located in the United States, Canada, Mexico, China and South Africa, with pro forma revenues in excess of $465 million. Precision Partners offers full manufacturing services including: design and process engineering; machining; stamping; component casting; complex die tooling design and build; fixturing design and fabrication; electro-mechanical assembly; full project and supply chain management; and the industry standard MotorWheel® brand braking system hubs, drums, and rotors. Precision Partners now offers its customers the combined technical resources of approximately 2,000 employees, working globally in approximately 1.7 million square feet of state-of-the-art manufacturing space. By using its broad manufacturing service capabilities and highly engineered processes all Precision Partners companies meet the critical specifications of customers in a wide range of industries who rely on “Preferred” or “Qualified” suppliers for outsourced manufacturing. For more information visit www.precisionpartnersinc.com.

About GSC Partners

GSC Partners is a registered investment advisor with approximately $22.9 billion of assets under management. The firm specializes in credit driven investing including control distressed debt, corporate credit, European mezzanine lending and structured finance. GSC Partners, with over 180 employees, is headquartered in New Jersey and has offices in New York, London and Los Angeles. GSC’s investors include both institutional investors and substantial net worth individuals seeking sophisticated and attractive alternative investing opportunities. For more information about the firm, please visit www.gscpartners.com.