For Immediate Release

Xymox Technologies, Inc., a leading manufacturer of electronic interface products with headquarters in Milwaukee, Wisconsin, announced today that it has acquired Silver Cloud Manufacturing Company. Silver Cloud is also a leading manufacturer of electronic interface products with headquarters in Millville, New Jersey.

Peter Sognefest, Chairman and CEO of Xymox Technologies, has announced that Silver Cloud will operate as a wholly-owned subsidiary with its own President, Sales, Marketing, Engineering, Finance, and Manufacturing departments. Products from Silver Cloud will continue to be sold under the Silver Cloud brand name through its current sales representative network, and Harry Cloud, Silver Cloud’s President, Founder, and CEO will continue to run the company.

“This acquisition will lead to one of the largest companies in the membrane switch and electronic interface industry. Sales of the combined companies that will now include Silver Cloud in addition to Paneltec and Xymox, will exceed $30 million in Fiscal 1999 and grow to $36 million in Fiscal 2000,” stated Jeffrey Cohen, Chief Financial Officer of Xymox Technologies.

Harry Cloud, President of Silver Cloud stated, “We are very pleased to become a part of the Xymox group. We see excellent synergy in design, technology, and manufacturing processes. In addition, the combined market presence of Silver Cloud and Xymox will enhance the ability to jointly continue to develop unique product features and capabilities with our valued suppliers.”

Xymox manufactures membrane switches, graphic overlays, and electronic interface sub-systems in Milwaukee, Wisconsin and Tijuana, Mexico. Its products are used in the appliance, medical, industrial controls, telecommunications, gasoline dispensing, and instrumentation markets.

Silver Cloud Manufacturing Company is a leading manufacturer of control panels, membrane switches, display filters/lenses, and custom identification products. Its products are used in the appliance, medical, industrial controls, telecommunications, personal computer, and instrumentation markets.