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EDAC rhymes with NASDAQ...


(PR Wires) PRW: EDAC Technologies Announces NASDAQ Listing Approval; Trading
to Commence May 31, 2007
PRW: EDAC Technologies Announces NASDAQ Listing Approval; Trading to Commence Ma
31, 2007


FARMINGTON, Conn., May 30 /PRNewswire-FirstCall/ -- EDAC Technologies
Corporation (OTC Bulletin Board: EDAC), today announced that the NASDAQ
Listing Qualifications Panel has approved EDAC's application to list its
securities on NASDAQ. EDAC expects its common stock will begin trading on
the NASDAQ Capital Market at the market opening on May 31, 2007, under the
symbol EDAC.

"Approval to list our shares on NASDAQ is a significant achievement and an
important milestone for EDAC," commented Dominick A. Pagano, President and
Chief Executive Officer. "We believe that our shareholders will benefit
through improved liquidity, enhanced visibility, the access to a broader
investor pool that a NASDAQ listing provides, and more stabilized pricing
through the use of designated market makers."

About EDAC Technologies Corporation

EDAC Technologies Corporation is a diversified manufacturing company
primarily offering (i) design and manufacturing services for the aerospace
industry in such areas as jet engine parts, special tooling, equipment,
gauges and components used in the manufacture, assembly and inspection of
jet engines (ii) high-precision fixtures, gauges, dies and molds and (iii)
the design, manufacture and repair of precision spindles, which are an
integral part of numerous machine tools found in virtually every
manufacturing environment.

Cautionary Statement Regarding Forward Looking Statements - This press
release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. The Company uses words
such as "plans," seeks," "projects," "expects," "believes," "may,"
"anticipates," "estimates," "should," and similar expressions to identify
these forward looking statements. These statements are subject to risks and
uncertainties and are based upon the Company's beliefs and assumptions.
There are a number of important factors that may affect the Company's actual
performance and results and the accuracy of its forward-looking statements,
many of which are beyond the control of the Company and are difficult to
predict. These important factors include, without limitation, factors which
could affect demand for the Company's products and services such as general
economic conditions and economic conditions in the aerospace industry and
the other industries in which the Company competes; competition from the
Company's competitors; and the Company's ability to enter into satisfactory
financing arrangements. These and other factors are described in the
Company's annual and quarterly reports filed from time to time with the
Securities and Exchange Commission. In addition, the forward-looking
statements included in this press release represent the Company's
expectations and beliefs as of the date of this release. The Company
anticipates that subsequent events and developments may cause these
expectations and beliefs to change. However, while the Company may elect to
update these forward-looking statements at some point in the future, it
specifically disclaims any obligation or intention to do so.



Contact:
Glenn L. Purple
Vice President-Finance
860 677-2603


SOURCE EDAC Technologies Corporation

/CONTACT: Glenn L. Purple, Vice President-Finance, [phone]
/Web site: http://www.edactechnologies.com

(END) Dow Jones Newswires
May 30, 2007 12:02 ET (16:02 GMT)
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