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To: All Associates

From: Tim Redfern

Date: September 15, 2006

Re: Sean Redfern promoted to president of LCOA

I am very pleased to announce that Sean Redfern will assume the role of president of LCOA effective Monday October 2, 2006. 

In the last year I have watched Sean step into the leadership role at LCOA.  He joined LCOA in August 2001 at the early stages of the “bottom” of the recession. As you are all aware the bottom last for another 2 years. During this time Sean focused on learning the business, including the manufacturing process, product offering, drilling PCB’s and overall management of the business. The past couple of years have brought about the opportunity to manage a growing business and Sean has proven that he was up for that challenge as well.

Under Sean’s leadership, especially in the past year LCOA has reached a number of new milestones. Sales are at record levels, the management team has been strengthened, profitability and cash flow are at healthy levels, Slickback sales are continually growing and our international sales, a key measure of our success, are breaking records. All in all, LCOA is a strong and thriving business that will be a stable and strong supplier to Insulectro and the PCB industry for many years to come.

Please join me in congratulating Sean and wishing him all the success possible in the future at LCOA.


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