August 31, 2010 - Denver, Colorado:

Alfred Industries, Inc. announced today that it has acquired the operating assets of Modec's Decontamination Apparatus Division and assumed all of its operations and employees under its Specialty Vehicle Division. The acquisition substantially increases the operational capabilities several-fold as the Division will operate from a 50,000+ square foot state-of-the-art manufacturing facility capable of large scale and complex delivery requirements. Leveraging operating synergies with Alfred Industries' current operations, Alfred's Specialty Vehicle Division has at its immediate disposal significantly enhanced capabilities and capacity to deliver industry-leading solutions.