Palmer Press Release

July 20, 2007

Palmer Strengthens Organization

With the retirement of Doug Brown on May 1st of this year, Palmer International, Inc. (Skippack, USA) is pleased to announce the following promotions and new appointments:

Derrick Crowe, General Manager, Palmer (UK), Ltd.

Vince Keidel, General Manager, Palmer International, Inc.

Doug Rhubright, Technical Director, Palmer International, Inc.

“We believe that the success of any organization is highly dependent on its people.  We continue to invest in our team so as to prepare ourselves for the ever-changing needs of our customers.  It is our honor to promote Derrick and Vince to these new posts, and to welcome Doug to our family,” states Kevin Palmer, Chief Executive Officer.

Derrick and Vince have excelled in the manufacturing and engineering departments of Palmer for many years.  Doug is a Ph.D. chemist who joins Palmer’s innovation team to expand their CNSL-based product line.

Palmer International is a privately-held, global company producing state-of-the-art friction additives and resins derived from cashew nutshell liquid