13 April 2000

Manhattan To Welcome Farrar Corporation With Ceremony

The Manhattan community will officially welcome the Farrar Corporation to the region during a ribbon cutting ceremony on
Friday, April 14th at 10:00 a.m. The 31,000 square foot machining plant is the first step towards bringing approximately 310
new jobs to the East Industrial Park over the next 15 years.

"We are excited to open the doors of our new state-of-the-art facility in Manhattan. Quality of life, community partnerships
dedicated to business success, and an assiduous workforce, along with Kansas State University attracted us to Manhattan,"
said Joe Farrar, president, Farrar Corporation. Joe and his wife Nancy, are KSU graduates, along with their 2 sons.

"We are pleased to welcome Farrar Corporation as a community partner. This facility will provide essential jobs to the
regionís growing work force and proves that Manhattan is truly moving forward to diversify and strengthen our economy,"
said Pat Alexander, chair of the Manhattan Area Chamber of Commerceís economic development committee.

The Farrar Corporation began in 1931 as a blacksmith shop. During the past 60 years it has evolved into its current form,
with a plant in Norwich, Kansas employing 145 to the new $4 million dollar expanded operation in Manhattan, Kansas. The
company is a manufacturer of parts for original equipment manufacturers nationwide. Production in the new plant will be
centered around a model 630 Mori Seiki CNC horizontal machining center with a 13 pallet AGV system. The initial
machining system will be expanded in the future to include additional machining centers and additional pallets.

"The hard work and effort displayed by the community partners in Manhattan continues to attract new and expanding
businesses that will build sustainability for the areaís economic future. We are fortunate to welcome Farrar Corporation to
Manhattan, as they bring a level of commitment and enthusiasm that builds upon the alliances currently in place within our
community," said Ann Harts, vice president and director of the economic development, Manhattan Area Chamber of
Commerce.