Press Releases

FABCON INC. NAMES CRONIN AS NEW GENERAL MANAGER FOR ALLENTOWN, PA FACILITY

FOR IMMEDIATE RELEASE -- June 18, 2003

SAVAGE, Minn. ? June 18, 2003 ? Precast concrete panel leader Fabcon Inc. today announced the appointment of John Cronin as general manager for its Pennsylvania manufacturing operations. Cronin will manage production for the Allentown-based facility, which supplies 77,000 sq. feet of Fabcon VersaCore? panels to the Midwest and Eastern regions each week. Cronin has more than 30 years of precast concrete experience, including complete planning, purchasing, scheduling, production and project management expertise. Prior to joining Fabcon, Cronin was the vice president of sales and assistant general manager for Coreslab's precast division. He has also served as chief estimator and division sales manager for Spancrete Northeast.

"John is a great fit for Fabcon East, his experience and ability to embrace change is particularly welcome as our VersaCore product continues to evolve," said Mike Le Jeune, president, CEO, Fabcon.

Company Background
Fabcon, an ISO 9001 registered manufacturer, which produces and installs precast concrete panels throughout the Midwest and Eastern United States and Canada, operates production facilities in Indiana, Minnesota, Ohio and Pennsylvania. The company has completed more than 8,000 precast projects and is celebrating 35 years as a leader in the precast concrete business. Since 1971, Fabcon has manufactured, delivered and installed precast wall panels for virtually every type of structure. Fabcon's experience helping customers accomplish their building goals includes 10,000 square-foot retail stores, million-square-foot distribution centers, and 16-story housing facilities. Visit www.fabcon-usa.com for more information.

For Further Information
Scott Jenkins:
952-882-7206; scott.jenkins@fabcon-usa.com
Madeline Riggs:
612-455-1755;
mriggs@psbpr.com