Anderol Announces New Appointment of Tatsuo Nagatomo as Japan VP and GM

East Hanover, NJ, USA (November 27, 2006) – Anderol Inc., a leading worldwide manufacturer of synthetic lubricants, recently announced the appointment of Tatsuo Nagatomo to the position of vice president and general manager in Japan. The company also announced the retirement of Yasuo Okada as general manager in the region.

Nagatomo will be based in Anderol's Japan office in Osaka, succeeding Okada who has served as general manager since May 2003. Bringing many years of experience and in-depth knowledge of the Japanese marketplace to Anderol, Nagatomo will be responsible for planning, developing and directing efforts for increasing brand exposure of ANDEROL branded products in the region. He will be actively involved in seeking opportunities for driving brand awareness locally, and coordinating activities of research and development, purchasing and distribution. Prior to joining Anderol, Nagatomo spent twenty-five years in technical sales and marketing of industrial products at Mobil Sekiyu/Exxon Mobil. He holds a bachelor of science degree from Waseda University, Japan.

"I look forward to applying my years of relevant experience to strengthen and reinforce the ANDEROL brand in Japan," stated Nagatomo. "The company is well positioned to become a significant player in the market due to its brand commitment and outstanding product quality."

Nagatomo's appointment comes on the heels of significant growth in Anderol's global operations. The company recently opened an office in Greater China, demonstrating its commitment of providing global customers considerable access to innovative lubricant technology. With production and warehouse facilities strategically located worldwide, Anderol is able to efficiently meet the needs of its diverse customer base in wide-ranging applications such as air compression, aviation, food & beverage, military, mining, oil & gas and power generation.

As one of Anderol's most experienced executives, departing general manager Okada has played an important part in facilitating the company's drive to expand globally. He spearheaded several important projects that set the stage for further growth in the Japanese market. During his long and industrious career, he has held many senior level positions in sales, corporate planning, general management, logistics planning, start-up of new organizations, project development, material engineering and sales management.

"It has been a privilege to be a part of the dedicated and talented Anderol team over the past three-and-a-half years. I will cherish this wonderful experience as I move to a new chapter in my life," Okada said. "I wish my colleagues well as they scale the company to new heights in the future."

The COO, Anderol Inc., John A. Pannucci said, "We welcome Tatsuo Nagatomo as a new member of our company and thank Yasuo Okada for his valuable contribution as a general manager and offer him our best wishes for the future. Moving forward, we will continue the Anderol tradition of providing our customers outstanding products and technical service," he added.

Located in Nishi-ku, Osaka Anderol’s Japan office provides technical and sales support for its ANDEROL®, BIO GUARD®, ROYAL®, ROYCO®, and PQ® branded products. Anderol locally warehouses its lubricant portfolio.