Boca Raton, Florida -- February 6, 2003 -- Cold Header Machine Corporation, www.coldheadermachinecorp.com, Boca Raton, Florida, and McCallum Die Co., Inc., www.mccallumdie.com, Plymouth, Connecticut, announce the formation of a new partnership, titled Cold Header McCallum Die (CHMD). Headquartered in Boca Raton, Florida, the entity will create a new leader in the fastener and OEM industries.

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"This new partnership will provide an even greater value to our respective customer base," said Ted Smith, CHMD chairman. Driven by the remarkable synergies between Cold Header Machine Corporation and McCallum Die, this combined force will provide an expanded product range in the areas of technical support, field coverage and engineering solutions. The new entity is a "one stop source" for machinery, tooling and spare parts backed by technical excellence and quality.

"Cold Header Machine Corporation looked for a tooling company that would compliment their technical support program and go hand-in-hand with machinery sales for years," said CHMD president, Mike James. "We found the quality, service and delivery of McCallum Die to be second to none," he added.

Larry Dittmar, vice president, CHMD, advises that this combination results in significant strengths in tool design and production machinery. "The new team with Nick Fanelli as CHMD director of technical support is meeting a growing demand for a reliable source for engineering solutions in heading and production methods."

About Cold Header Machine Corp.

Since 1969, Cold Header Machine Corporation, headquartered in Boca Raton, Florida, has stood for quality and excellence in machinery and technical support, offering a single source for machine tool needs, from tool design and tooling, to product installation and ongoing technical support. Specialties include miniature cold heading, precision thread and form rolling, secondary operation shaving/drilling and sorting and inspection machines. Product names include Ayase, Kyoei, Towa, Sanritsu, Kyowa, Yutaka, Tanisaka, Higashida, Ozawa and Daishin. For more information visit http://www.coldheadermachinecorp.com

About McCallum Die Co., Inc.

McCallum Die, established in 1946, provides steel and carbide tooling for heading, forming, deep drawing and nail making equipment. Their reputation for quality, service and delivery is unmatched in the industry. For more information visit http://www.mccallumdie.com.

For more information contact: Nick Fanelli, Director Technical Support Cold Header McCallum Die http://www.coldheadermachinecorp.com

http://www.mccallumdie.com Tel: 800-438-3201, Fax: 561-393-3203 2840 NW Second Avenue, Boca Raton, Florida, 33431