MHG ACQUIRES CONAM INSPECTION

Princeton Junction, NJ - August 12, 2003 - MISTRAS Holdings Group is proud to announce the acquisition of CONAM Inspection. One of the oldest and most renowned nondestructive testing (NDT) companies in the world, CONAM Inspection is a quality assurance, quality control and training services provider.

"We are excited to have CONAM Inspection join the MISTRAS Holdings Group family, and I can't think of a better fit as we begin to look ahead at the expansion of our company worldwide," stated Dr. Sotirios J. Vahaviolos, President & CEO. "With the leadership and stature that come with the CONAM name, coupled with leading technologies by MISTRAS, we can offer customers the assurance that their NDT inspection and engineering services requirements are being managed by two industry leaders with a combined know-how and expertise of over 65 years." Dr. Vahaviolos also added, "we also want to thank Staveley Services North America, Inc. and its management for giving us the opportunity to accomplish this merger in a timely and seamless fashion for maximum customer transitional support."

For nearly 40 years, CONAM's highly trained NDT inspection quality control and quality assurance experts have provided safer and more productive work environments through stateof- the-art technologies in the refining, power generation, process control and aerospace industries. With accredited laboratories and over 750 quality control experts nationwide, CONAM Inspection remains the fastest growing company in the U.S. NDT industry.