Kingsbury Inc. (USA) is in the process of expanding the Messinger Bearing
      division, positioning it to take advantage of growing demand for extra
      large bearings, slewing ring bearings, and reconditioning services for
      those bearings. The investment includes adding not only turning machinery
      but also a custom induction heat treating system.

      Once the expansion at Messinger's Philadelphia area facility is complete,
      it will be able to fabricate, repair and heat treat a much higher volume
      of large bearings, and accommodate rolling element bearings up to 25 feet
      in diameter -- the largest size capacity of any U.S. bearing manufacturer.

      Generally, bearings that large are now shipped overseas for refurbishing.

      Kingsbury acquired Messinger in 2004.
      Equipment using these large bearings are found in construction and
      industrial applications: tunnel boring, steelmaking, stackers/reclaimers,
      5251R9N7 off-shore cranes, and similar equipment.

      Because most of that work is currently being done overseas, Kingsbury
      believes Messinger will be able to compete aggressively for U.S. business
      by offering far shorter lead times.

      Kingsbury President, Bill Strecker, said: "Kingsbury has committed these
      investments to Messinger's future as a result of the increased demand from
      multiple industries for bigger equipment utilizing extra large bearings.
      Our new turning and thermal processing equipment is expected to be
      operational by the end of 2009, at which point Messinger will be in a
      position to start capitalizing on many existing high-demand
      opportunities."