"Though CONAM Inspection has always been an important element of the Staveley family, I'm confident this acquisition is just what the division and Staveley entity need to meet strategic objectives for future growth," said Tom Sliva, President, Staveley Services North America Inc. "With its advanced NDT technology, MISTRAS Holdings Corporation will accelerate CONAM's growth in the nondestructive testing sector and provide CONAM with the technology and resources to become a market leader in the vast market for asset management services."

"We are excited to have CONAM Inspection join the MISTRAS Holdings Corporation team, and I can't think of a better fit as we begin to look ahead at the expansion of our company worldwide," stated Dr. Sotirios Vahaviolos, President & CEO, MISTRAS Holdings Corporation. "With the leadership and stature that come with the CONAM name, coupled with the leading technology of MISTRAS, we can offer customers the assurance that their testing requirements are being managed by two industry leaders with the know-how and expertise that is backed by over 55 years of combined nondestructive testing experience."

About CONAM Inspection
For nearly 40 years, CONAM's highly trained quality control and quality assurance experts have provided safer and more productive work environments through state-of-the-art technologies to the refining, power generation, process control and aerospace industries. With 10 accredited laboratories and over 750 quality control experts nationwide, CONAM Inspection remains the fastest growing company in the industry. Visit http://www.conaminsp.com .

Staveley Services North America Inc. (SSNA) is a privately held multi-million dollar quality control services provider with operations throughout the U.S. and Canada. Staveley Services combines top market leaders in the testing and analysis sector: Staveley Services Materials Testing, CTC Analytical Services, Staveley Services Engineering and Staveley Services Canada Inc. With technicians, engineers, chemists, metallurgical and quality control experts servicing over 20 different industries, Staveley Services North America, Inc. is recognized as a leading operating entity in the industry. Visit the company's Web site at http://www.staveleyna.com .

About MISTRAS Holdings Corporation
MISTRAS Holdings Corporation develops, manufactures and employs leading- edge technologies for nondestructive testing and predictive maintenance, such as advanced acoustic emission, automated ultrasonics, eddy current, vibration monitoring and resistivity systems. In addition, it provides on-line asset management systems and services that employ Internet-based data acquisition and real-time assessment to monitor equipment and components in the world's industrial & public infrastructure.

MISTRAS Holdings Corporation has four subsidiaries in the U.S.: Physical Acoustics Corporation (PAC), NDT Automation, Vibra-Metrics and Quality Services Laboratories (QSL Plus), Inc. and trades worldwide under the name of "Physical Acoustics" with 9-subsidiaries. Visit the company's Web site at http://www.mistrasholdings.com .

CONTACT: Vicki Mulherin of Staveley Services North America Inc., 630-681-0008; or Lee Moyer of MISTRAS Holdings Corporation, 609-716-4038