FORMAL AGREEMENT BETWEEN ATOM S. P. A., ATOM MSC USA AND RELCO INC.

AUTHORIZED DISTRIBUTOR ANNOUNCEMENT


ATOM S.p.A of Vigevano, Italy who is a leading manufacturer of industrial cutting systems, has announced the agreement through its exclusive importer for North America, ATOM MSC USA LLC, with RELCO INC. of Toronto, Canada, that RELCO INC. is the AUTHORIZED ATOM DISTRIBUTOR in Canada and also a "VALUE-ADDED SOLUTIONS" Partner.

ATOM has recognized RELCO'S expanding sales and service networks and also RELCO'S contribution over the years as a dedicated distributor who maintains parts and provides service for all of the ATOM products. RELCO has also recognized ATOM'S leading technology and innovative products and has successfully sold and serviced ATOM-based machines. By using existing and future ATOM products, RELCO will further expand its growing presence and clientele base in many industries and markets.

ATOM has also recognized RELCO'S technical capabilities as a manufacturer of customized cutting solution equipments using ATOM'S products. ATOM has agreed for RELCO INC. to produce "VALUE-ADDED SOLUTIONS" for specialized applications and to promote them through ATOM's existing global marketing network. RELCO'S extensive knowledge of the ATOM products and also their investment in their technical staff and facilities, will be able to promote and deliver ATOM products and also customized cutting solutions.

SYNOPSIS ON ATOM S.p.A

ATOM was established in 1946 and has been designing, producing and distributing cutting systems for industrial applications. More than 150,000 cutting machines of all kinds are installed worldwide. On average, 700 machines are manufactured monthly at ATOM'S factories world wide and at the headquarters in Vigevano, Italy. The aggregated turnover is in excess of seventy-five million US dollars per annum.

SYNOPSIS ON RELCO INC.

RELCO INC. is located in Toronto, Canada, and has been distributing and servicing ATOM'S products world wide for more than forty-five (45) years. RELCO'S capabilities include engineering and manufacturing of specialized applications in the field of Industrial Converting Technologies for a variety of industries. Some of these industries include Auto Interior Components, Gaskets, Packaging, Abrasives, Plastics, Foam, Rubber, Industrial Fabrics, Felt, Furniture, Footwear, Sporting Goods and Textiles. RELCO has been and will continue to offer global customers new technologies to enhance production methods while reducing manufacturing costs.