BTI Shareholders Elect New Director At Annual Meeting.

BRUNSWICK, Maine--(BUSINESS WIRE)--May 20, 1999--

Brunswick Technologies, Inc. (Nasdaq:BTIC), an innovative developer and manufacturer of engineered composite reinforcements, today announced the election of Richard J. Corbin of Cumberland, Maine, as a new member of the company's Board of Directors at the Annual Meeting of shareholders. Martin Grimnes, Chairman and CEO said, "Dick is a welcome addition to our company. He brings a wealth of sales and operations knowledge to BTI and provides further depth to our experienced board."

Mr. Corbin is one of the founders of United Ventures L.L.C., a holding company, which owns Lavalley Lumber in Maine. Previously, he was President and CEO of Whistler, Inc., a diversified electronics and manufacturing company, and President and CEO for EMCO, Inc., a wholesaler of office products, and a subsidiary of Merrill Lynch Interfunding, Inc.

During his 30-year career, Mr. Corbin has worked for major U.S. companies including EKCO Group, Inc., as Senior Vice President and its subsidiary, EKCO Housewares, Inc., as President, and Forster Manufacturing, a Maine based household products manufacturer as President and CEO.

"I have had a longstanding interest in BTI," said Mr. Corbin, "and look forward to providing the board and management with my operational perspective."

During the meeting, Martin Grimnes, BTI's Chief Executive Officer and Chairman, reviewed the company's key strategic objectives for 1999 including steady growth in its base business, continued international expansion, new product development in carbon and other high modulus materials, and improved manufacturing technology. He commented about the company's financial outlook, which has continued to rebound since third quarter 1998, a positive trend that is expected to continue for the balance of the year.

In his closing remarks, Mr. Grimnes thanked the shareholders and customers for their continued support and BTI employees for their creativity and commitment to the company. He also thanked David Coit for his 11 years service on the Board of Directors, and his vital role in BTI's success as an early equity investor through Maine Capital and North Atlantic Venture Capital.

Examples of products manufactured with BTI engineered reinforcements include: ballistic armor, boats, snowboards, railcars, truck panels, wind blades, airframe structures, automotive parts, marine pilings, bridges, and offshore oil and gas production equipment. BTI has manufacturing facilities in the Maine, Texas and the UK.

Matters discussed in this news release with respect to expected financial results and future events, including any discussion, expressed or implied, of the Company's anticipated revenue growth, operating results and future earnings per share are forward-looking statements (identified by the words "expect", "estimate", "project", "plans", "believe", and similar expressions) that involve known and unknown risks and uncertainties. For these statements the Company claims the protection of the safe harbor of the Private Securities Litigation Reform Act of 1995. The Company's future operating results are dependent on its ability to achieve increased sales and to control expenses. Factors such as lower than expected inflation, product cost fluctuations, changes in product mix, continued or increased competitive pressures from existing competitors and new entrants (both fiberglass and non-fiberglass), including price cutting strategies and deterioration in general of regional economic conditions are all factors which could adversely affect sales projections. Additionally, the Company's operating results may be negatively affected by (i) difficulties and uncertainties associated with the merger of three of the Company's large distributors, (ii) fluctuations in valuation of the pound Sterling versus other European currencies and the US Dollar, (iii) the failure to obtain necessary capital for the expansion of facilities and acquisitions, (iv) unforeseen results of the Y2K problem and (v) the inability to continue to improve production capacity and scheduling. These and other risks are detailed from time to time in the Company's SEC reports, including Form 10K for the year ended December 31, 1998.