For Immediate Release

June 4, 2007

�

Contact: Julie Fedorchak

Communications Manager

701/391-1140

�

Malach USA, LLP Receives $385,000 Loan

�

BISMARCK � The North Dakota Department of Commerce, in conjunction with the South Central Regional Council, has provided a $385,000 grant to the city of Valley City that will be a loan to Malach USA, LLP to purchase equipment.

�

Malach is an ISO Certified world-class automated metal manufacturing facility that provides specialty custom laser cut and formed metal fabrication. It is based out of Winnipeg, Manitoba where sales have increased 30 percent since 2002. Company officials expect to realize similar growth and success at the Valley City operation.

�

�Malach is an excellent fit for our region and provides above average benefits and wages to employees,� said Eric Hoberg of the South Central Dakota Regional Council. �This is an industry that is expandable for the future and it fits into our vision for growth.�

�����������

Malach is expected to add 20 new jobs in Valley City in the future.

�

Funds for the project came from the Community Development Block Grant program delivered by the North Dakota Department of Commerce. The program provides financial assistance to eligible cities and counties in North Dakota. The eight regional planning councils receive an allocation from the state to fund projects in their region.

�

Funds are awarded in the form of grants and loans in three categories: economic development projects, public facilities and housing. Primary beneficiaries of the CDBG funds are low and moderate income individuals. To apply, applicants must contact the regional council in their area.

�

The North Dakota Department of Commerce works to improve the quality of life for North Dakota citizens by leading efforts to attract, retain and expand wealth. Commerce serves businesses and communities statewide through committed people and partners who offer valuable programs and dynamic services.

�

�

###

�

�

�