Precision Standard Names Vice President Business Development

Business Wire, March 13, 2000

Business Editors

BIRMINGHAM, Ala.--(BUSINESS WIRE)--March 13, 2000

Precision Standard, Inc. (NASDAQ:PCSN) today announced that Armando Sassoli has been named to the new position of Vice President Business Development, effective March 20, 2000.

Most recently, Mr. Sassoli, 46, was Vice President of Business Development for Dee Howard Aircraft Maintenance in San Antonio, Texas.

During his seven years at Dee Howard, Mr. Sassoli directed the marketing, sales, customer relations and business development activities that resulted in the company more than tripling its revenues in the commercial aircraft maintenance business.

Mr. Sassoli also has extensive experience internationally in the aviation industry, having been responsible for business development of the maintenance, repair and overhaul division of one of Europe's largest aerospace concerns, Alenia of Italy. Alenia has subsidiaries based both in the U.S. and overseas.

Mr. Ronald Aramini, President and CEO of Precision Standard, Inc. said, "We are pleased to have Mr. Sassoli joining the company. His experience, capabilities and leadership skills will serve our company well as we implement our strategy of increasing our commercial aircraft maintenance business."

Precision Standard, with executive offices in Birmingham, Alabama, and facilities in Alabama, California and Florida, performs maintenance and modification of aircraft for the U.S. Government and foreign and domestic commercial customers. The Company also provides aircraft parts and support and engineering services and full service overhaul and repair for a wide range of aircraft. Precision Standard also develops and manufactures aircraft cargo systems, rocket vehicles and control systems, and precision springs and components.

Statements contained in this release which are not historical facts may be forward-looking statements which involve numerous risks including, but not limited to, the effect of economic conditions, the impact of competitive products and pricing, actions by management, estimates of backlog and the actual performance of work under contract.