PARIS, ON, June 2, 2004 – On Friday, May 28 Tigercat hosted an employee appreciation event on the grounds of 140 Consolidated Drive in Paris to celebrate the shipment of a 720D feller buncher, the 5000th machine produced by the 12-year old company.

A large tent was erected for the event, which included a meal and multi-media presentation for the 900 employees and spouses in attendance. "We are delighted to have reached this significant milestone so early in the life of our company," comments Tigercat president Tony Iarocci. "More importantly, we are very pleased with our progress in the development of a full line of innovative, productive logging machinery that has been well accepted by the logging community."

The 5000th machine is quite a milestone for the relatively young company that industry watchers in 1992 never suspected would last a year in such a competitive business dominated by large, well-entrenched manufacturers.

"All Tigercat machines have been designed from scratch with a high degree of innovation. Virtually all Tigercat prototypes have been sold shortly after their introduction, the majority of which are still in operation today. Tigercat greatly appreciates the loggers who have placed confidence in our products, especially those who purchased our early models."

Although Tigercat began with a single model, the 726 feller buncher, a drive-to-tree machine that was marketed in the southeastern United States, Tigercat now builds upwards of twenty-five different models including feller bunchers, skidders, loaders, forwarder, harvesters and mulchers as well as a full line of felling attachments. Product development has proceeded at a rapid pace.

"We are very pleased with the excellent performance and enthusiastic acceptance of more recently introduced machines such as the C-series skidders and the 822 and L830 track feller bunchers. We are extremely optimistic about the future prospects for these and other models," explains Iarocci. "Tigercat machines are now in use worldwide. We look forward to continued growth, both in terms of product offering and expansion into new markets."

About Tigercat

Tigercat Industries designs and manufactures premium quality forestry and off-road equipment with manufacturing facilities in Canada and Sweden and world-wide distribution. The diverse forestry line includes complete full-tree and cut-to-length harvesting systems.

Tigercat and the Tigercat logo are registered trademarks of Tigercat Industries Inc. Other brands and product names are trademarks of their respective owners. Copyright (c) 2001-2004 Tigercat Industries Inc.

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Contacts:

Paul Iarocci, Tigercat Industries Inc.
519-442-1529 Ext. 314
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