Alyn Corp. Names James Hesburgh to Board of Directors.

IRVINE, Calif.--(BUSINESS WIRE)--Dec. 15, 1998--Steven S. Price, president and chief executive officer of Alyn Corp. (Nasdaq:ALYN), an advanced metal matrix technology company, Tuesday announced the appointment of James Hesburgh to Alyn's board of directors.

Alyn will benefit greatly from Hesburgh's nearly 40 years of experience in launching and growing manufacturing companies in many countries of the world. The company will also be able to utilize his extensive industry knowledge and contacts in the automotive, aerospace and other industries to help penetrate target markets. Hesburgh is currently president and chief executive officer of Battley USA Inc., the U.S. subsidiary of a French investment company and is president and CEO of James L. Hesburgh International Inc., an export management and international consulting firm. He has previously served as chairman, CEO, and owner of Donegal International Machinery Ltd. in Ballyshannon, Ireland, Chairman of Hiller Aviation Inc., president of Intercole Automation Inc., and Vice President of International Operations for The Wheelabrator Corp.

"We are looking forward to sharing Jim's perspectives, because of his extensive experience in launching and successfully growing companies," said Price. "Jim is an outstanding addition to our Board of Directors and we look forward to his leadership contributions."

Hesburgh also currently serves on the boards of Battley USA, USCS International Inc., Fremont Funding, Toastmaster Inc., FirstFed Corp. and First Federal Bank of California, Sinto America and Roberts Sinto Corp., Saint John's Hospital & Health Center Foundation and Chief Executives Organization.

He has previously served on the boards of the Young Presidents Organization, Mount Saint Mary's College, Los Angeles World Affairs Council, and both the Harvard Business School and Notre Dame Alumni Associations. Hesburgh will replace Walt Menetrey on Alyn's Board of Directors. Menetrey was executive vice president and chief operating officer of Alyn until his retirement in November 1998.

"Walt made significant contributions to the Company and we thank him for that," stated Price.

Alyn Corp. provides engineered solutions through metal matrix technology to meet the needs of its customers in consumer and industrial markets. Alyn is a vertically-integrated company offering advanced metal matrix composites, customer driven engineering solutions and strategically developed manufacturing processes. For additional information, contact Richard L. Little, Alyn Corp., 949/475-1525 or e-mail: [e-mail].

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release may contain forward-looking statements that involve risks and uncertainties. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are fluctuations in quarterly operating results, limited historical revenues and prior losses, the company's limited manufacturing history, no assurances of market acceptance of the company's products in commercial quantities, the need for future capital, rapid technological change and new product development, competition and other factors detailed in the company's filings with the Securities and Exchange Commission, including its recent filings on Forms 10-K and its registration statement on Form S-3/A, filed with the Commission on July 15, 1998.

NOTE TO EDITORS: Alyn Corp.'s news releases are available on the Internet. Visit the company on the World Wide Web at http://www.alyn.com.