April 5, 2004

To Our Valued Customers:

Wire rope has been manufactured in Williamsport, PA. for over 118 years, and with the Bethlehem Wire Rope trade name for over 67 years. We are pleased to announce that this tradition of wire rope manufacturing will continue into the future. On April 1, 2004, the Williamsport and Sunbury wire rope manufacturing plants changed ownership. The new owner is a local entrepreneur, and long time resident of the Williamsport area. The new company, Wirerope Works, Inc., includes the assets of both the Williamsport and the Sunbury plants and will maintain both the Bethlehem Wire Rope and Paulsen brand names.

The experienced employees of the Wirerope Works team remains in place with a renewed spirit and enthusiasm to continue to make the quality rope our customers expect from us with the same customer service you have learned to expect and appreciate. For the immediate future, it is business as usual, and we will be manufacturing and servicing all the current markets which were serviced by WWW.

We have always believed that our greatest asset is our people who manufacture and distribute our products. This has not changed, and we thank our loyal customers and distributors for their support during this transition.

Sincerely,

Virgil R. Probasco

Executive Vice President

© 2004 Wirerope Works, Inc.