Edac Technologies (EDAC)

[MikeDDKing]

Resilience Capital Files Schedule 13D in EDAC Technologies Corp.
Wednesday April 8, 2009, 11:01 am EDT
An Affiliate of Resilience Capital Beneficially Owns 246,750 Shares

CLEVELAND, April 8 /PRNewswire/ -- An affiliate of Resilience Capital Partners today announced it had filed a Schedule 13D with the Securities and Exchange Commission with respect to Resilience Capital Partners' beneficial ownership of 246,750 shares of common stock in EDAC Technologies Corp. (Nasdaq: EDAC - News). Resilience Capital Partners acquired its interest, which represents over 5% of EDAC's outstanding common stock, because it believes that the shares are currently undervalued in the marketplace and represent an attractive investment opportunity.

Depending upon prevailing market conditions, other investment opportunities, the availability of shares at prices that would make the purchase of additional shares desirable and other investment considerations, Resilience Capital Partners may increase its position in EDAC Technologies Corp. through, among other things, the purchase of shares on the open market or in private transactions, and may dispose of any or all its shares in the open market or in private transactions, at any time and from time to time.

For further information, please refer to the Schedule 13D filed by Resilience Capital SPIV, LLC with the Securities and Exchange Commission. This communication is not the solicitation of a proxy nor shall it constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any security.

About Resilience Capital Partners

Headquartered in Cleveland, Ohio, Resilience Capital Partners is a leading private equity firm specializing in investing in lower middle market companies in a broad range of industries. Resilience's value oriented investment strategy is to acquire companies with solid business prospects in a wide variety of special situations including underperformers, corporate divestitures, turnarounds and orphan public companies. Since its inception in 2001, Resilience has acquired 16 companies with total revenue in excess of $1.5 billion. In January 2009, Resilience won the 2008 Private Equity Firm of the Year Deal Makers Award from the Association for Corporate Growth. For more information, please visit www.resiliencecapital.com.


CONTACT: Bassem A. Mansour Steven H. Rosen
Co-CEO Co-CEO
[e-mail] [e-mail]

Resilience Capital Partners
25101 Chagrin Blvd., Suite 350
Beachwood, OH 44122
216.292.0200