Modtech Holdings Appoints CEO Buckley as President, Director; Announces New Management to Lead Operating, Financial Growth.

PERRIS, Calif. -- Modtech Holdings, Inc. (Company) (Nasdaq:MODT) appointed Chief Executive Officer David Buckley as President and Director and announced a new management team in ongoing steps to build new leadership and generate operating and financial growth.

Buckley was appointed President and a member of the Company's Board of Directors. Chief Financial Officer Dennis Shogren was promoted to Senior Vice President of Finance, Ronald Savona was promoted to Senior Vice President of Operations and appointed Chief Operating Officer, Rick Bartolotti was promoted to Senior Vice President of Marketing, Business Development and New Markets, and Karen Andreasen was promoted to Senior Vice President of Human Resources.

Shogren, 50, joined Modtech(TM) in June 2003 as Vice President and Chief Financial Officer and is responsible for finance and information technology. Prior to joining Modtech(TM), he held senior level positions at Haskel International and Ameron International Corporation, where he was responsible for corporate finance and reporting, manufacturing, engineering and support functions, with additional emphasis on lean manufacturing improvements. At Ameron he led the effort that resulted in significant reduction of worldwide working capital. Prior to Ameron, Shogren was Chief Financial Officer for Manufacturing Technology, Inc. where he managed all finance functions, including treasury, risk management, and accounting. He holds an MBA degree from the University of Rochester's William E. Simon Graduate School of Business Administration and a Bachelor of Science degree in accounting from SUNY at Brockport.

Savona, 52, is responsible for the Company's operations, including all engineering, manufacturing, construction and related activities. He joined Modtech(TM) in January 2003 as Director of Marketing. Savona has more than 30 years of experience in top management positions in the modular building and construction industry. Prior to joining Modtech(TM), Savona was Chief Executive Officer of Ecocrete, Inc., a manufacturer of modular buildings utilizing a patented Glass Fiber Reinforced Concrete (GFRC) wall system. In 1986 he founded Incon Building Systems, where he served as President and Chief Executive Officer. Incon later merged into the I.H.S. Group, and Savona spent several years structuring major resort and housing development, primarily in developing countries. Prior to Incon, Savona was President of Scotsman Manufacturing, Inc. and over a ten-year period developed this modular building and leasing company into a leadership position in the industry. He also held senior level positions at Pacesetter and Pepsico. Savona has assisted in developing legislation in various states concerning modular buildings and is considered an expert in the field. He is a graduate of the UCLA executive management program.

Bartolotti, 57, is responsible for marketing and product development. He joined Modtech(TM) in October 2003 as Vice President of Sales and Marketing. Bartolotti has approximately 27 years of experience in senior executive and management positions in the modular business. Prior to joining Modtech(TM), he was President of Vanguard Modular Building Systems based in Pennsylvania. Before joining Vanguard, he started as Branch Manager at GE Capital Modular Space and later became Regional Sales Manager. In 1993, Bartolotti was named Managing Director in the Netherlands and Germany for a modular space manufacturer, the first European acquisition for GE. He later returned to the United States and was promoted to Vice President and General Manager of the Northeast region. Bartolotti became Vice President of business development in 1996 and was responsible for domestic acquisitions, researching opportunities for new business ventures and equity investments. He holds a Bachelor of Arts degree in marketing from the University of South Florida and is a U.S. Navy veteran.

Andreasen, 54, is responsible for employee development, recruitment, benefits, and relations, and will also oversee risk management, communications, workers compensation, and safety and environmental issues. She joined Modtech(TM) in April 2004 as Vice President of Human Resources. Prior to joining Modtech(TM), Andreasen was Corporate Director of human resources (HR) at Paragon General Contractors and Cabinetmakers, Inc., where she established effective HR programs, directed safety and risk management, and was a member of the management team responsible for setting and implementing strategies to meet company objectives. Prior to Paragon, Andreasen was HR and Administrative Manager and EEO/AA Officer for Ray Wilson Co. She holds a Bachelor of Science degree in accounting and management and marketing from Illinois State University and holds a Senior Human Resources management certification.

Buckley commented: "We are pleased with the experience and capabilities in these key management positions, and, consistent with their background and abilities, and the Company's business strategy going forward, we are initiating a plan to realign the Company's operations. Modtech(TM) is in a position of strength. We see opportunities for the Company to capture significant new business, improve production efficiencies, increase revenues, and bring costs and expenses in-line. This new management team will enable the Company to more effectively focus on, and begin realizing, those opportunities and build shareholder value."

About Modtech Holdings, Inc.

Modtech(TM) is a leading national designer and manufacturer of modular buildings, both permanent and relocatable. In the school industry, the Company has advanced typical modular building technology to greater dimensions of flexibility and architectural integrity. Modtech(TM) has substantial product and geographic diversification throughout the southwestern states and a growing presence in Florida and Texas. Modtech's commercial and industrial buildings are sold to a diverse end-user market and may be leased through national, regional, and local dealers. The Company also designs and manufactures modular buildings to customer specifications for a wide variety of uses.

Some statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. Refer to the Company's filings with the Securities and Exchange Commission for further discussion of such factors. The forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update such statements.