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Excellon Automation Purchased by Portland based Turning Point Capital.

Torrance, CA - July 24, 2003 - Turning Point Capital, a Portland, Oregon based Investment firm, has acquired Excellon Automation.

Today, Excellon Automation announced that it has successfully concluded the purchase of the company by Turning Point Capital, an investment firm based in Portland, Oregon.

Rick Tippett, who will continue as Excellon President, commented on the completed purchase and future outlook for the company "For many years Excellon has been a driving force in the PCB industry and we are very excited with the acquisition by "Turning Point Capital" and for our company to be starting a new chapter in its' rich history. Our new owners understand the industry we serve and are very supportive of our organization and strategic plan. Excellon is very well positioned to support its' customers as the industry exits the unprecedented slow down of the past three years."

Dave Howard, Excellon Vice President of Sales & Marketing, said "This announcement should eliminate any fears customers may have regarding the long term well-being of Excellon. Despite the difficult period the industry has experienced, we have an enthusiastic, dedicated workforce and exactly the right product set to respond as the industry gains momentum".

"No changes are expected in Excellon's world class services and customer support, and our product development will continue to ensure we remain the technology leader in via formation."