Nugerol Holding SA Buys Chip Conveyor Manufacturer Turbo Systems, Inc.

January 4, 2002 Cincinnati, OH - Through its U. S. holding company, Manufacturing & Automation Solutions, Inc., Nugerol Holding SA of Switzerland today purchased Turbo Systems, Inc. of Charlotte, North Carolina. The company also owns the LNS Group including LNS America, inc., the leading supplier of bar feeding systems and accessories for CNC turning machines used in metalworking manufacturing. Turbo Systems holds a similarly commanding position in the U. S. manufacturing market for metal chip conveying equipment.

According to Yves Scemama, President of Manufacturing & Automation Systems, "Our strategic vision is to provide a wealth of accessory products and services to our manufacturing customers. Although we are not actively looking for acquisitions, Turbo Systems presents an exceptional opportunity to expand our capabilities in a logical way. Chip conveying systems are essential for our customers and Turbo Systems is the industry leader. Our immediate goal is to maintain the excellent products and support each company brings to its customers."

LNS America, Inc. and Turbo Systems, Inc. will continue to operate autonomously with separate manufacturing, sales and service operations. Mr. Scemama remains President of LNS America, Inc. and Terry Dunn continues as President of Turbo Systems, Inc. No changes in management or day-to-day operations are planned for either company.

Thomas Boehmer, continuing as LNS America, Inc. Chief Financial Officer, played a key role in the acquisition of Turbo Systems, Inc. and has assumed the additional responsibility of Manufacturing & Automation System's CFO.

LNS America, Inc. is the North American marketing and manufacturing component of Orvin, Switzerland based LNS SA. Founded in 1973, LNS SA is the world's leading supplier of bar feeding equipment.

The North American operation employs 70 with headquarters in Cincinnati, Ohio and regional managers located throughout the United States. In addition to bar feeding machines, LNS America markets a complete line of bar feed accessories including parts loaders and unloaders, self-centering work support systems, bar chamfering machines and collet chucks.

Turbo Systems, Inc. headquarters and two plants are located near Charlotte, North Carolina, with a European facility in the U.K. The company provides chip removal and coolant management systems for the metalworking manufacturing industries. Kemble Widmer and Bob Heffner who founded Turbo Systems in 1984 are selling the company to facilitate their retirements. The company employs 150.

For more information contact Yves Scemama, President, LNS America, Inc. 4621 East Tech Drive, Cincinnati, OH 45245. Phone: 513-528-5674. Fax: 513-528-5733. E-mail: yscemama@lnsamerica.com.