Air Industries Appoints Sikorsky and GE Veteran to its Board of Directors

Business Wire, Oct 30, 2007

BAY SHORE, N.Y. -- Air Industries Group, Inc. (OTCBB: AIRI) (the "Company"), a holding company established to consolidate manufacturers, engineering integrators and specialized service providers to the aerospace and defense industry, today reported that the appointment of David J. Buonanno to its Board of Directors has led to the strengthening of the Company's leadership and strategic planning capabilities. An aerospace and defense industry ("A&D") veteran, Mr. Buonanno joined the Board of Air Industries Group in June 2007, following tenures with Sikorsky Aircraft, Inc. and units of General Electric Company.

Commenting on Mr. Buonanno's contributions to date, Air Industries Group's Chief Executive Officer Peter D. Rettaliata said, "David is proving to be a terrific resource with exceptional insights into supply chain management and tactical and strategic leadership issues pertaining to the military and commercial aerospace and defense markets. In a short period of time, he has been instrumental in advancing our strategic plans for industry consolidation and organic growth initiatives. His knowledge of modern supply chain techniques is a great asset and is being leveraged to further enhance the roles that our operating subsidiaries play in our effort to strengthen the embedded relationships that we have established. Equally important, Mr. Buonanno's guidance will assist in our efforts to make additions to an already impressive customer list of the world's leading prime contractors."

Positioning the Company to enhance its position as a growth leader and consolidator within the A&D industry, there are now seven members of the Board of Directors of Air Industries Group. The Chairman of the Board is James A. Brown, who has over 25 years of leadership experience building micro and small-cap companies. Non-executive members of the Board include Seymour G. Siegel, a former principal of the national accounting firm Rothstein Kass, and General Ira A. Hunt, Jr. (USA, Ret.), who served 33 years in various command and staff positions in the U.S. Army.

Directors with executive management posts at Air Industries Group include Vice Chairman and Chief Financial Officer Louis A. Giusto, a financial controls expert with 30 years professional experience, Peter D. Rettaliata, President and Chief Executive Officer, an A&D veteran who has been with the Company and its predecessor since 1994 following a 22-year career with Grumman Aerospace Corporation (now Northrop Grumman Corp. (NYSE: NOC)), and Dario Peragallo, Executive Vice President, who has been associated with the Company and its Air Industries Machining Corporation subsidiary for over twenty five years.

David J. Buonanno has been a Director of Air Industries Group since June 26, 2007. He is a consultant to Dresser-Rand Corporation as well as other companies in the aerospace and defense industries. Mr. Buonanno has extensive experience in manufacturing, supply management and operations. He was employed by Sikorsky Aircraft, Inc., a subsidiary of United Technologies Corporation (NYSE: UTX), as Vice President, Supply Management (from January 1997 to July 2006) and as Director, Systems Subcontracts (from November 1992 to January 1997). From May 1987 to November 1992, he was employed by General Electric Company (NYSE: GE) and GE Astro Space, serving as Operations Manager for GE in 1992 and Manager, Program Materials Management of GE Astro Space from December 1989 to January 1992. From June 1977 to May 1987, he was employed by RCA and affiliated companies, including RCA Astro Space.

Mr. Buonanno attended Lehigh University College of Electrical Engineering and holds a B.S. in Business Administration from Rutgers University. He completed the Program for Management Development at Harvard Business School in 1996.

ABOUT AIR INDUSTRIES GROUP, INC.

Air Industries Group, Inc. (OTCBB: AIRI) (formerly Gales Industries) is a holding company established to consolidate manufacturers, engineering integrators and specialized service providers to the aerospace/defense and commercial aviation industries. The Company is focused on flight safety and other critical componentry. Consolidation opportunities include companies operating within highly synergistic disciplines of manufacturing, technical services and strategic products distribution. The Company's strategy is to execute its consolidation principally amongst middle market aerospace/defense subcontractors. Air Industries Group offers a tailored exit strategy or management continuity strategy in exchange for qualified acquisitions, and targets technically superior organizations with revenues of up to $100 million annually. Information on the Company and its products may be found online at www.airindmc.com.

Certain matters discussed in this press release are 'forward-looking statements' intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding trends in the marketplace, firm backlog, projected backlog, potential future results and acquisitions, are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the timing of projects due to the variability in size, scope and duration of projects, estimates, projections and forecasts made by management with respect to the Company's critical accounting policies, firm backlog, projected backlog, regulatory delays, government funding and budgets, matters pertaining to potential and pending acquisitions subject to and after closings, and other factors, including results of financial audits and general economic conditions, not within the Company's control. Certain of the Company's forward looking statements, with the projected backlog in particular, are formulated based on management's extensive industry experience and understanding and assessment of industry trends, customer requirements, and related government spending. Projected backlog may be subject to variability and may increase or decrease at any time based on a variety of factors, including but not limited to modifications of previously released orders, acceleration of orders under general purchase agreements, etc. The factors discussed herein and expressed from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.