This announcement is to inform you that International Motion Control, (IMC) of Buffalo, New York, has been purchased by the ITT Corporation with corporate headquarters located in White Plains, New York. This transaction was completed on September 7th, 2007.

Once transitioned, the IMC companies will continue to expand their reach into various markets throughout the world. ITT’s global resources, Green, Six-sigma and Lean Manufacturing will allow these companies to stay at the forefront of new technologies, research and development as well as improving production for their customers around the world.

"For more than four decades, our customers have known IMC for its technological expertise, problem-solving approach and exemplary customer service," said Patrick Lee, chairman and chief executive officer of IMC in a statement. "We found ITT to share these core characteristics and together expect to continue this tradition as we enter this exciting new chapter in our history."We thank you for your patience and continued support during this transition process. For more information on ITT, visit their website at www.itt.com.

ABOUT ITT CORPORATION
ITT Corporation (www.itt.com) supplies advanced technology products and services in several growth markets. ITT is a global leader in the transport, treatment and control of water, wastewater and other fluids. The company plays a vital role in international security through its defense communications and electronics products; space surveillance and intelligence systems; and advanced engineering and related services. It also serves the growing leisure marine and electrical connectors markets with a wide range of products. Headquartered in White Plains, N.Y., the company generated $7.8 billion in 2006 sales. In addition to the New York Stock Exchange, ITT Corporation stock is traded on the Euronext and Frankfurt exchanges.