Hric Named Capel President and CEO

Troy, N.C., December 3, 2007 - Bruce Hric, Capel interim President and CEO for the last 14 months, has been promoted to the permanent position effective December 1.

Jesse Capel, director and owner, explained the company's preference to promote from within, paired with Hric's innate ability to unite all levels of management, made Hric a clear choice for the position.

"We are pleased to reward Bruce for his nine years of service with Capel by giving him the full responsibilities of this role," said Capel. "He has served exceptionally well as acting president and CEO for the last year. The future of Capel is in good hands with this promotion."

Prior to his tenure with Capel, Hric served as a vice president of Koury Corporation for 13 years.