Acument(TM) Global Technologies Appoints Janice E. Stipp As Vice President and Chief Financial Officer.

TROY, Mich. -- Acument Global Technologies, Inc. today announced the appointment of Janice E. Stipp as the company's Vice President and Chief Financial Officer. Effective February 19, 2007, Stipp will replace current Acument Chief Financial Officer Jon Samuelson, who is leaving the company to pursue other professional opportunities.

Stipp joins Acument from Farmington Hills, Mich.-based GDX Automotive, a global automotive sealing systems supplier, where she had served as Chief Financial Officer and Executive Vice President of Administration since August 2005. Prior to GDX, Stipp had been Finance Director for the North America Fuel Systems unit of TI Automotive, and Vice President, Corporate Controller of Oxford Automotive. She previously held finance management positions with SPX Corp., Delphi, General Motors, and Vickers. Stipp earned a master's degree in Business Administration from Wayne State University and a bachelor's degree in Accounting from Michigan State University.

"We are pleased to have someone with Janice's strong finance credentials join the Acument leadership team," said Acument Global Technologies President and Chief Executive Officer Joe Gray. "She brings proven leadership skills and personal integrity to this critical role, as well as recent experience leading the Finance function for a privately-held company.

"We thank outgoing CFO Jon Samuelson for his dedicated contributions to our company," Gray continued. "Jon had provided exceptional finance leadership during a pivotal time in our company's history, helping us make an effective transition to new ownership and stand-alone operation during the past year. We wish him the very best in his future endeavors."

Samuelson had been CFO for the company since February 2004. Prior to that, he served as Executive Director of Financial Operations for Textron Inc., as Executive Vice President and CFO for Textron's Industrial Components segment, and Vice President and Controller for Textron Automotive Company. Jon's Finance career spans more than 20 years, and includes progressively responsible positions with AlliedSignal, Tenneco Automotive and Federal-Mogul.

As Acument CFO, Stipp will be responsible for leading the company's worldwide Finance function, including financial planning and analysis, central accounting, cash management, treasury, tax, risk management, and real estate. She also will direct the company's budgeting and forecast processes, and internal and external auditing activities.

About Acument Global Technologies, Inc

Headquartered in Troy, Mich., USA, Acument Global Technologies, Inc. is a leading provider of value-based fastening solutions, engineered fastening systems, state-of-the-art fastening installation technology, and inventory management and application engineering services. With about 8,500 employees in 16 countries worldwide, Acument supplies mechanical fastening products, systems, and services to customers in more than 150 countries. Platinum Equity of Los Angeles, Calif., acquired the company (formerly the Textron Fastening Systems segment of Textron Inc.) from Textron Inc. on August 11, 2006.