Limco-Piedmont Inc. Announces The Appointment of Two Executives To Serve As Presidents of The Company's Two Operating Subsidiaries

TULSA, OK - Limco-Piedmont Inc. today announced that it has named Rami Sharon as president of its Limco Airepair Inc. subsidiary and Ehud Netivi as president of its Piedmont Aviation Component Services LLC subsidiary. Sharon will succeed Natan Blau who has submitted his resignation to the Company and will pursue new business opportunities.

Sharon has over 20 years of experience in the management of manufacturing businesses. Prior to joining Limco Airepair, Sharon served as VP of operations at Talla-Com Industries, a US based subsidiary of Tadiran Communications, and as a designer and manufacturer of rugged wireless communications systems and computing devices for both military and commercial use. Before that, Sharon served as VP of operations at Risco Group Companies, Inc., a provider of IP-based integrated security solutions, and as VP of operation, service and customer support of Creo Ltd., a provider of direct imaging solutions for the PCB industry that was acquired by Eastman Kodak. He also held management positions at IBM Ltd. (Israel) and Scitex Corp., and as senior buyer with the Israeli Ministry of Defense. Sharon holds a BSc degree in engineering from Ben Gurion University and a MBA from AdelphiUniversity.

Netivi has over 30 years experience in the aerospace industry, serving in various managerial roles with Israel Aircraft Industries. Netivi served as production manager, business development and marketing director, and general manager of several IAI subsidiaries. Most recently, Netivi served as business development and marketing director of IAI International, located in St. Louis, MO. He holds a BA degree in Economics from Bar-Ilan University.

"We are pleased to welcome Rami and Ehud to the Limco-Piedmont team," says Shaul Menachem, chief executive officer of Limco-Piedmont. "Their expertise and broad managerial experience with successful companies will be invaluable assets to our management team as we continue to implement our growth strategy of expanding the scope of our MRO services, increasing our international sales, pursuing acquisition opportunities and increasing our cross-selling efforts."

Menachem continues, "We would like thank Natan for his contributions to our company."

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