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Contact: Cheryl Besl Strata-G Communications [email protected] 513.381.8855 Karen Finan Northern Kentucky Tri-ED [email protected] 859.344.0040

HBC-radiomatic to Locate in Northern Kentucky German Radio Technology Firm to Build Facility in Hebron

(COVINGTON, KY) May 1, 2008 ­ HBC-radiomatic, headquartered in Crailsheim, Germany, is pleased to announce that it will be expanding and moving its North American headquarters to Hebron, Ky. HBC-radiomatic manufactures radio controls used in a variety of industrial applications such as factory and tower cranes and concrete pumps. "Kentucky welcomes HBCradiomatic to the Bluegrass state," said John Hindman, Secretary, Kentucky Cabinet for Economic Development. "Northern Kentucky has demonstrated that it has the workforce and technology infrastructure necessary to attract high- tech firms and jobs to the region." The new 12,000 square foot facility will house the company's North American production and distribution center. "Northern Kentucky offers a talented and available technology workforce and infrastructure in a central location," said Jason Looman, CEO, HBC-radiomatic. "In addition, we were able to secure support through the Kentucky Enterprise Initiative Act for construction of the new building." HBC-radiomatic will initially employ 15 associates and plans to expand to 30 associates in the next three to five years. Unit Building Services has been chosen to construct the new facility in Hebron, 13 miles southwest of Cincinnati. "HBC-radiomatic joins 160 international companies, of which 37 are German, in Northern Kentucky," said Gary Moore, member of Northern Kentucky Tri-ED's Executive Committee and Boone County Judge-Executive. "HBC-radiomatic will bring important, new high tech job opportunities to the region." HBC-radiomatic has been approved by the Kentucky Economic Development Finance Authority to receive a Kentucky sales and use tax refund up to $54,050 for eligible construction materials, building fixtures and equipment through the Kentucky Enterprise Initiative Act, which helps to attract expanding technology companies to the Commonwealth.

About HBC-radiomatic Headquartered in Germany since 1947, HBC-radiomatic, Inc. has a strong international presence as the trend setter in radio equipment and its name is synonymous with state-of-the art industrial radio remote controls. On a platform of 18 core products the company manufactures a wide range of products and markets them world-wide utilizing the support of six subsidiaries and over 30 well-established partners both in Germany and abroad. HBC-radiomatic, Inc. is a wholly owned subsidiary of HBC-radiomatic, GmbH from Crailsheim, Germany. HBC-radiomatic, Inc. was formed in 1998 in Blue Ash, Ohio to sell, service and do light manufacturing of the company's industrial radio controls for North America. These radio controls are used on factory cranes, tower cranes, concrete pumps and in a variety of other industrial applications internationally. http://www.hbc-radiomatic.com

About Northern Kentucky Tri-ED Founded in 1987, the Northern Kentucky Tri-County Economic Development Corporation (Northern Kentucky TriED) is celebrating 20 years of serving as the primary economic development marketing agency for Boone, Kenton, and Campbell counties in Northern Kentucky. Since 1987, 460 companies have located or expanded in Northern Kentucky accounting for 43,868 new primary jobs and $4.375B in capital investment. Northern Kentucky Tri-ED is a key partner in Vision 2015, a 10-year strategic plan for growth in the region. For more information, visit www.NorthernKentuckyUSA.com.

About KCED

The Kentucky Cabinet for Economic Development is the primary state agency in Kentucky responsible for creating new jobs and new investment in the state. New business investment in Kentucky in 2007 totaled nearly $2 billion with the creation of over 13,400 new jobs. Information on available development sites, workforce training, incentive programs, community profiles, small business development and other resources is available at www.ThinkKentucky.com.

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Microsoft Word - HBC-radiomatic Release Final.doc