TechPrecision Corporation Commences Trading on the OTC Bulletin Board

WESTMINSTER, Mass.--(EON:Enhanced Online News)--TechPrecision Corporation (OTC Bulletin Board: TPCS) (“TechPrecision Corporation”, or “the Company”), a leading manufacturer of large-scale, high-precision machined metal fabrications for the alternative energy, medical, nuclear, aerospace/defense and other commercial industries, today announced that it has commenced trading on the OTC Bulletin Board on Thursday, November 1, 2007.

“We are pleased that our stock has commenced trading. We believe our strategy to target higher-volume projects in growth sectors such as alternative energy, nuclear and medical industries, and deliver integrated solutions to our customers, will enable us to increase shareholder value over the long-term”

TechPrecision Corporation, through its wholly-owned subsidiary Ranor, Inc., produces high-precision, large scale metal fabrications and machined assemblies weighing up to 100 tons. A significant part of the Company’s revenues are derived from the alternative energy industry, with solar representing 38.7% of sales and nuclear 0.7% for the first quarter ended June 30, 2007 (FY 2008). Examples of its mission critical components in its key segments include large-scale steel chambers to produce high-performance furnaces used in the manufacture of solar ingots from which solar panels are made, nuclear reactor parts, nuclear waste storage systems, lifting and transportation equipment for the nuclear industry, and a key component for a proton beam therapy machine to treat cancer. The Company is one of a few end-to-end solutions providers with the ability to engineer metal fabrications, machine, assemble, test and deliver large-scale projects with tight tolerance levels.

In the fiscal year ended March 31, 2007, TechPrecision reported revenues of $19.1 million compared to $20.3 million in the prior fiscal year, reflecting the Company’s new strategy to focus on higher-volume, more profitable projects. As a result, the Company’s gross profit rose to $3.5 million, or 18.6% of sales, compared to $2.6 million, or 13.0% of sales in fiscal 2006. For 2007, EBITDA was $2.3 million, up 86.8% from EBITDA of $1.2 million in the prior year.

In the quarter ended June 30, 2007, TechPrecision reported sales of $6.4 million, an increase of $2.4 million or 56.1% from the comparable quarter of the prior year. Gross profit rose to $1.7 million or 25.6% of sales versus $0.8 million, or 18.8% of sales last year. EBITDA for the first quarter was $1.3 million versus $0.5 million, an increase of 159.5%. These results largely reflect the refocus of the company into higher growth markets, including the solar, nuclear and medical industries. The Company has approximately 10.1 million shares outstanding. An additional 10,134,001 shares of common stock have been reserved for issuance upon the conversion of the series A preferred stock. There are 11,220,000 shares issuable upon exercise of the warrants held by Barron Partners, of which 1,900,000 shares are registered pursuant to the Securities Act. There are 1,000,000 shares issuable upon exercise of stock options or other equity-based incentives pursuant to the Company’s 2006 long-term incentive plan.

“We are pleased that our stock has commenced trading. We believe our strategy to target higher-volume projects in growth sectors such as alternative energy, nuclear and medical industries, and deliver integrated solutions to our customers, will enable us to increase shareholder value over the long-term,” said Mr. James Reindl, Chairman and CEO of TechPrecision.

Safe Harbor Statement

This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. These forward looking statements are often identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the Company’s ability to generate business from long-term contracts rather than individual purchase orders, its dependence upon a limited number of customers, its ability to successfully bid on projects, and other risks discussed in the company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.

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