Cade Industries, Inc. Announces $6.3 Million in Orders Increasing Backlog to $34.1 Million

LANSING, Mich., Jan. 16 /PRNewswire/ -- Cade Industries, Inc. (Nasdaq: CADE) announced today the signing of $6.3 million in new contracts for delivery in 1997. The primary contracts are from General Electric, Singapore Airlines, and the U.S. Government. With the receipt of these orders, Cade's backlog totals $34.1 million.

The new contracts are in the company's three core areas of engine test equipment, engine components manufacturing and overhaul and repair. The company received an order for the new GE 90 engine and is now under contract to provide test nacelle equipment for the world's largest thrust engines from Pratt & Whitney, General Electric and Rolls-Royce.

"We are seeing the benefits of expanding both our customer base and our product base in the past few years. Combined with the aircraft industry's growth momentum, we are enjoying an excellent rate of new order intake," said Richard A. Lund, president.

Cade Industries designs, develops, manufactures, overhauls and repairs high technology composite components for the aerospace, air transport, and specialty industries. The company's operating subsidiaries are located in Lansing, Michigan; San Diego, California; and Grand Prairie, Texas (Dallas).

For more information or to receive a copy of this press release, please call our Company News On-Call at 1-800-758-5804 - extension 075675 or you can access the information via the Internet at http://www.prnewswire.com.

SOURCE Cade Industries, Inc.

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/CONTACT: S. A. Mull, Shareholder Relations, or E. B. Stephens, Chief Financial Officer, 517-394-1333, both of Cade Industries/

(CADE)

CO: Cade Industries, Inc. ST: Michigan IN: AIR SU: CON

AM-TW -- DETH014 -- 0126 01/16/97 09:45 EST http://www.prnewswire.com