KINGSBURY BOLSTERS SALES FORCE WITH NEW PERSONNEL ADDITION

PHILADELPHIA, PA, July 18, 2003 - Kingsbury recently hired Neal Hulse as Sales Application Engineer. He will be handling sales, preliminary engineering and customer service of thrust and fluid film journal bearings in the Northeast. Hulse comes to Kingsbury from Philadelphia Gear Corporation, where he held positions as engineering manager, design engineer, and analytical engineer. He has also worked for Cotta Transmission and General Electric. Headquartered in Philadelphia, PA USA, Kingsbury designs and manufactures a wide variety of standard and custom thrust and journal bearings for rotating equipment applications, including gas and steam turbines, compressors, gearboxes, pumps, air preheaters and ship propulsion systems. They operate three plants in the United States and provide bearings to a global customer base both directly and through a network of international agents and representatives. Kingsbury supplied the first tilting-pad, fluid-film bearings for hydroelectric applications in 1912. Today, the company maintains its position as the industry leader through continuing research and development, a commitment to engineering integrity, and world-class customer service.