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MISCOR Group Announces Opening of AMP Rail Services Canada

SOUTH BEND, Ind., Sept. 11 /PRNewswire-FirstCall/ -- Industrial services provider MISCOR Group, Ltd. (OTC Bulletin Board: MIGL) today announced the opening of AMP Rail Service Canada, ULC, a 50,000-square-foot locomotive and rail car service center inMontreal. The Canadian operation, a first for MISCOR, is a division of American Motive Power, Inc. (AMP), which is a unit of MISCOR's industry-leading Repair, Remanufacturing and Manufacturing Division (RRM).

MISCOR said the facility provides significant track access to the Canadian National (CN) main line, and will allow AMP to offer a full range of services including inspections, running repairs, overhaul and modification programs, as well as upgrades to both freight and passenger locomotives and transit cars. The Company also noted the centralized location gives it broad access to the Canadian rail market and the surrounding area provides significant space for potential future expansion.

"Increasing customer demand combined with a lack of single-source locomotive overhaul and repair shops in the area make this facility a natural fit for our entrepreneurial organization," said John Martell, CEO of MISCOR. "We have a growing international reputation for on-time and on-budget service, so our customers know when they need support that our team of experienced frontline professionals are ready to respond."

The Company also announced that with the opening of the new facility, Pierre Desrosiers has assumed the role of Vice President of AMP Rail Services Canada, having previously served as Vice President of Operations at the American Motive Power facility inDansville, New York. Prior to his time with AMP, Desrosiers was the Director of the Locomotive Division for ALSTOM Transport Canada inMontreal. He has also held other management positions in the Canadian rail industry throughout his career.

In addition, MISCOR announced that Stewart Wilkins has been named Vice President of Operations for American Motive Power, Inc., with primary responsibility of managing operations at the AMP facility inDansville. Previously, Wilkins served as a Vice President of Operations for ALSTOM Transportation, where he was a key member of the management team overseeing the transit car manufacturing facility. Prior to his time with ALSTOM, he was responsible for the maintenance of a fleet of nearly 500 locomotives operating in coal service for Burlington Northern Santa Fe. In addition, he oversaw the maintenance of 150 freight locomotives in intermodal service on the CSX system.

"Stewart brings a wealth of technical, operational and leadership experience to our industry-leading railroad team, and we look forward to his contributions as we continue to grow this segment of our business," said Richard Tamborski, Executive Vice President and COO of MISCOR.

"These two operations have a number of worldwide opportunities in both freight and transit rail that are a direct result of our ability to meet the growing needs within the industry. In addition, the geographic benefits of our facility locations, combined with our experienced workforce, give us a solid business platform for future growth," said Frank Larkin, Executive Vice President of American Motive Power.

MISCOR also noted that its American Motive Power, HK Engine Components and Magnetech Industrial Services divisions will have booths at the RSI Global Railway Tech event being held from September 21-24, 2008 inChicago, offering a wide array of products and services to the rail industry.

About MISCOR

South Bend, Ind.-based MISCOR Group, Ltd. (OTC Bulletin Board: MIGL) provides electrical and mechanical solutions to industrial, commercial and institutional customers through two segments: RRM (repair, remanufacturing and manufacturing) segment, which provides maintenance and repair services for industrial motors, generators and lifting magnets, and diesel engine component manufacturing, remanufacturing and repair services; and CES (construction and engineering services) segment, which provides a wide range of electrical and mechanical contracting services and engineering and repair services for electrical power distribution systems.

In 2007, MISCOR entered the wind power industry through its acquisition of 3-D Service, Ltd., providing up-tower and in-shop wind power service including comprehensive inspections; filter and lubricant replacement; bearing and slip ring replacement; coupling and gearbox service; balancing and alignment; predictive maintenance, and equipment repair and remanufacturing. MISCOR was ranked on the Inc. 500 in 2004 and 2005 and has grown to more than 700 employees in 15 locations nationwide.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as "anticipates," "believes," "estimates," "expects," "intends," "should," "could," "will," or variations of such words and similar expressions are intended to identify forward-looking statements. These forward-looking statements reflect the Company's views, expectations and beliefs at the time such statements were made with respect to such matters, and may cover such items as the Company's future plans, objectives, events, contract pricing and results such as revenues, expenses, income, earnings per share, capital expenditures, operating margins, financial position, expected results of operations and other financial items. There are a number of factors, many of which are beyond the Company's control, which could cause actual results and outcomes to differ materially from those described in the forward-looking statements. Forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions ("Risk Factors") that make the timing, extent, likelihood and degree of occurrence of these matters difficult to predict.

Risk Factors include, among others: price of raw materials, ability to win and service competitively priced new contracts in sufficient amounts to operate and expand effectively, employee turnover, ability to compete in highly competitive, geographically diverse marketplaces, and varying and sometimes volatile economic conditions. For further discussion of risks and uncertainties, individuals should refer to the Company's SEC filings. MISCOR Group, Ltd. undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release is issued. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

SOURCE MISCOR Group, Ltd.

Tags: ,AUT,OTC,MAC,CST,PDT,PER,IN-MISCOR-opening-AMP
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