STOCK PURCHASE OF PRECISION METALSMITHS, INC.

Cleveland, Ohio and Markesan, Wisconsin December 2003 - Precision Metalsmiths, Inc. -- PMI, with corporate headquarters in Cleveland, OH announces Mr David Dolata has purchased the stock shares of owner and CEO Mary (Miller) Dolata, daughter of Robert R. Miller the founder of Precision Metalsmiths, Inc.

Mary Dolata will continue as a member of the Board of Directors.

Visit http://www.precisionmetalsmiths.com for more information on PMI.

Precision Metalsmiths, Inc. was founded in 1945 by Robert R. Miller. PMIs pioneering work in investment casting set the standard for its innovative approach to research and development. More than 200 U.S. and foreign patents have been issued to PMI on casting methods, materials, and processing equipment.

PMI is recognized throughout the world as a leader in the investment casting¹ process and in related technologies. PMI has both ferrous and non-ferrous capabilities at their facilities in Cleveland, Ohio and Markesan, Wisconsin with licensees worldwide. Proprietary methods allow PMI to create near net shape metal parts with lower cost and consistently better quality than traditional investment casting. PMI takes pride in their reputation for producing quality castings. Maintaining this reputation is a constant challenge. At PMI every casting becomes a testimonial to their commitment to quality.

¹An Investment casting is a near net shape made by the lost wax" process that features cast-in-detail, tight tolerances, and excellent surface finish. The term investment refers to the ceramic materials that are used to build a hollow shell into which molten metal is poured to make the casting. Every casting requires a pattern which is wax welded onto a cylindrical shape. The patterns are dipped into a ceramic slurry and coated with a stucco of fine sand. The wax pattern is melted out of the shell and filled with molten metal. The metal castings are finished according to customers specifications.

Corporate Headquarters
Precision Metalsmiths, Inc.
1081 East 200th Street
Cleveland, OH 44117
(216) 481-8900