Craig Tools, Inc., a leading manufacturer of rotary cutting tools to the airframe industry throughout the United States and worldwide, is pleased to announce that we have acquired the aggregate assests of California Aircraft Tool Company of Inglewood, California. The Deal was completed January 02, 2008. California Aircraft Tool Company has been serving the aircraft industry since 1939 with precision hand tools, cuting tools, and machinery necessary in the production and maintenance of all types of aircraft

The merging of our two companies will bring many benefits to you and our marketplace in the near future, including the expansion of our product line, and delivering the best manufacturing practices in compliance with ISO 9001:2000.

Best Regards,

President

Craig Tools , Inc.