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ATP Announces Delay in Filing Annual Report

05 April 2000

Advanced Technical Products, Inc. announced that the filing of its Annual Report will be delayed. As previously announced, the Company has ongoing a review of the books and records of its Alcore subsidiary, and anticipates that the result of such review will be the recording of material adjustments to the Company's consolidated operating results. The Company now believes that such adjustments may exceed the earnings reported for the first nine months of 1999. The Company also announced changes in its executive management. Garrett L. Dominy, the Company's Chief Financial Officer, has been appointed by the Board of Directors to assume the additional responsibilities of President and Chief Executive Officer and James S. Carter will continue to serve as Chairman of the Board.