FOR IMMEDIATE RELEASE
November 11, 2008

CONTACT: Brad Considine, 1 317 613 2279

INDIANAPOLIS, USA – Diamond Chain Company, a worldwide leader in power transmission product design and manufacturing, announced today that it has entered into a joint venture with KMC, its longtime strategic partner and China’s leading roller chain supplier.

“This is exciting news for our customers throughout Europe,” said Jerry Randich, Diamond Chain Company’s Vice President of International Operations based in Belgium. “Diamond’s ISO Standard customers can be assured that their roller chain systems are fully benefiting from the technical and manufacturing excellence of the world’s experts in high performance roller chain.”

The joint venture, Diamond (Weifang) Power Transmission Company, will be based in Weifang, Shandong Province, China, and will substantially expand Diamond Chain’s global operations and position the company for growth around the world. The two companies will initially consolidate the manufacturing of Diamond’s Sapphire® brand and ISO Standard product lines in Weifang. Diamond®