Prior to joining Precision, Mr. Raos worked for five years with U.S. Industries, Inc., then a $3 billion building products and industrial company, holding positions including President, Chief Operating Officer, and Director. Prior to joining U.S. Industries in 1995, Mr. Raos spent nearly 20 years with Hanson PLC, formerly a diversified UK industrial conglomerate with revenues of over $15 billion. Mr. Raos was a director of Hanson PLC and was President, Chief Operating Officer, and a Director of Hanson Industries Inc., the U.S. headquarters of Hanson North America. During his career at Hanson, Mr. Raos held numerous executive positions including Senior Vice President of Operations, Chief Financial Officer, Treasurer, and Corporate Controller. He is also a non-executive Director and Chairman of the Audit Committee of Numerex, Inc., a public wireless telecommunications company.

Prior to joining Precision, Mr. Statile served as Executive Vice President and Chief Operating Officer of Strategic Industries, a division of U.S. Industries, a diversified business with revenues of approximately $850 million. From 1986 up to joining Strategic Industries in 1999, Mr. Statile worked for Hanson PLC, of which since 1997, he was President and Chief Executive Officer of Hanson North America, a building materials and heavy equipment manufacturer with $2.25 billion of revenues, and was an associate Director of Hanson PLC. Prior to this he held numerous executive and financial positions.

Previously he served as our Vice President and Corporate Controller since January 2001. Prior to joining Precision, Mr. Vander Meulen was with U.S. Industries for six years, most recently as Corporate Controller of its Strategic Industries division. At other times during his employment with U.S. Industries, he served as Assistant Treasurer and as Assistant Corporate Controller. He has over 20 years experience in corporate finance and public accounting having spent nine years with Ernst & Young LLC.

Prior to joining Precision, Mr. Noonan was Chief Financial Officer of Bulthaup Corporation, a U.S. subsidiary of a German kitchen cabinetry manufacturer, distributor and designer. From May 1995 to June 2002, Mr. Noonan was with U.S. Industries and held various roles including Chief Financial Officer of its Bath and Plumbing division, Corporate Controller and Group Controller of its Diversifed Dvision. From October 1989 to May 1995, Mr. Noonan was Corporate Controller of Marine Harvest International, Inc. a publicly traded Aquaculture Company with sales of $150 million and an affiliate of U.S. Industries, Inc. From 1984 to 1989 he was with Pannell Kerr Forster, an international public accounting firm.

Prior to joining the Precision management team, Mr. Beasley served as Vice President of Sales and Marketing for Gillette Machine and Tool, a Precision Partners subsidiary company. Since 1988 Mr. Beasley has worked in the manufacturing industry with more than a decade in sales and marketing and sales engineering including the design and implementation of: international sales management systems; annual budget plans; quality and business system manuals; and complete marketing packages. Mr. Beasley has also assisted in the management of multiple site operations holding positions including: Vice President of Project Development, Operations and Engineering Manager, Technical Services Manager, and Director of Quality. Prior to 1988 Mr. Beasley served as Director of Business in a family owned and operated company, which manufactured, marketed, and retailed automotive industry products.