Drexel Metals LLC, Energy Efficient Metal Roofing and Solar Roofing Provider Forms New Entity

Philadelphia, Penna. - February 23, 2009 - Drexel Metals LLC is pleased to announce the completion of its formation. The assets and liabilities of Drexel Metals Corporation were transferred to Drexel Metals LLC as part of this process. This transfer was made to strengthen our company, inject new energy and prepare for the growth of Drexel Metals' on-demand metal roofing and solar roofing businesses.

The ownership has been bolstered by the addition of Rob Waite as the principal invested member, Pat Hennessey as a member, Dick Carroll and Brian Partyka will remain as substantially invested members. The daily management of Drexel Metals LLC is led by Rob Waite as CEO, Brian Partyka as President, and Pat Hennessey as Vice President. Dick Carroll will Chair the Board of Directors.

Drexel Metals LLC has a five member board which will include Rob Waite and Dick Carroll. Three board members from outside the company are currently being appointed and will be announced in a future press release. The Board will have broad powers in overseeing the future course of Drexel Metals, LLC.

As we enter this new phase, of Drexel Metal's nearly 25 year history, we are well positioned financially, have the most competent group of employees we have ever had, defined and developed a stronger core business plan supported by the best engineering in the industry and we are prepared for a future without limitations. With the continued support of all of our loyal vendors, customers and friends the future for all of us will be bright. For more infomation, visit http://www.drexmet.com/.