TechPrecision Corporation Retains Hayden IR to Develop a Comprehensive Investor Relations Program

WESTMINSTER, Mass., Feb. 4 /PRNewswire-FirstCall/ -- TechPrecision Corporation (OTC Bulletin Board: TPCS) ("TechPrecision", or "the Company"), a leading manufacturer of large-scale, high-precision machined metal fabrications with customers in the alternative energy, medical, nuclear, defense, aerospace and other commercial industries, today announced that it has retained Hayden IR, a national, New York-based investor relations consulting firm, to develop an investor relations program to raise its visibility and strengthen its relationships with the investment community.

"In 2009, TechPrecision brought in a new leadership team and strengthened its Board of Directors," commented Interim Chief Executive Officer Lou Winoski. "With a strong management, sales and marketing, and business development team in place, we are keenly focused on broadening TechPrecision's addressable markets and leveraging our unique capabilities to drive future growth and we want to communicate this with existing and potential investors. We took the opportunity to retain Hayden as they came highly recommended as an agency that could promote the investment of our existing shareholders and introduce us to new shareholders who would understand and embrace our business model as our industry recovers from the recent downturn."

With offices in New York, Phoenix, Minneapolis and San Diego, Hayden IR provides a comprehensive range of investor relations services to a growing list of clients. For more than a decade, Hayden IR has been a recognized leader in driving market recognition and creating sustainable competitive advantages for more than 100 micro- and small-cap companies. Hayden delivers expertise and professionalism in such areas as investor management, relationship building, awareness campaigns, online presence and corporate identity.

Brett Maas, Managing Partner at Hayden IR, added, "TechPrecision is a highly valuable contractor in its identified industry sectors due to leveraging its expertise from over 50 years of developing mission critical products. They are diversifying their platform and product mix to sustain long-term growth and are targeting high-margin projects with more predictable cost structures as currently 75-80% of their gross profit drops to the EBITDA line. They have seen a 100% return on their Ranor acquisition in just three years. They have a solid balance sheet with $9.5 million in cash. We believe TechPrecision is well positioned for the future and represents a value play for investors looking for growth at a reasonable price."

About TechPrecision Corporation

TechPrecision Corporation, through its wholly-owned subsidiary Ranor, Inc., manufactures metal fabricated and machined precision components and equipment. These products are used in a variety of markets including: alternative energy, medical, nuclear, defense, industrial, and aerospace to name a few. TechPrecision's goal is to be an end-to-end service provider to its customers by furnishing customized and integrated "turn-key" solutions for completed products requiring custom fabrication and machining, assembly, inspection and testing. To learn more about the Company, please visit the corporate website at http://www.techprecision.com. Information on the Company's website or any other website does not constitute a part of this press release.

Safe Harbor Statement

This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the Company's ability to generate business from long-term contracts rather than individual purchase orders, its dependence upon a limited number of customers, its ability to successfully bid on projects, and other risks discussed in the company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.

SOURCE TechPrecision Corporation