[Jewelry making - Article 01056] - Re: [Orchid] Stuller shuts down its US manufacturing

[Chuck Lein - Stuller]

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Dear Friends:

    An Orchid posting regarding Stuller earlier today was totally in
    error. It stated that Stuller had closed its U.S. operations and had
    moved to Mexico effective February 28. We have, however,
    restructured the organization, which will result in a realignment of
    our management team. The restructuring resulted in a 2.5% reduction
    of our wrold-wide work force, and was designed to streamline our
    daily business operation. We believe this will help us sharpen our
    focus on our core customers, while enhancing our ability to react to
    constantly changing conditions in the marketplace. 

    Increasing precious metal market prices, which have reached all time
    highs, combined with a challenging national economic outlook for the
    remainder of 2008, are major contributing foctors for the timing of
    the restructure. 

    Our mission remains to be the fastest, most reliable supplier of
    high quality, value added products for the jewelry industry. By
    realigning part of our management structure, we will be even more
    responsive to our customers' needs. Such changes are necessary to
    ensure that we remain successful in our mission to help the jewelry
    industry succeed in challenging times. 

Chuck Lein
President/COO
Stuller, Inc.
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