MAST Technology, Inc. Company Overview - July 2008

Mission Statement To be a high quality and best value producer of ammunition and ordnance for military, government agencies and the shooting industry. MAST’s dedication to quality will result in return customers and return to investors.

MAST Company Overview Facility Products & Production Conclusion Other Contracts and Areas

Company Overview Manufacturer of Ammunition & Ordnance, specializing in tight propellant charge tolerances, hi/low systems & tracer Production operations are focused on Load, Assemble and Pack (LAP) Founded 1990 as Nevada Corp., all current operations consolidated to Independence, Missouri Focus towards small business set asides ISO 9000: rd party certified since 2002 Averaging 75.6% annual sales growth since

Company Overview Small business of 70 to 130 employees 100% family owned Focus toward Small Business Set-aside contracts (SBSA) FY 2005 Sales $11 million FY 2006 Sales $17.2 million FY 2007 Sales $17.8 million FY 2008 Sales $13.9 million 1

Overview - Sales by Year 1

40mm M195 BASE LAP Machinery Sales Small Caliber LAP M81 Prime 40mm NICO LV Day/Night 40mm M781 Prime/Sub Title MAST CORE BUSINESS 1 Overview – Core Business

Competencies Build to Print, Load, Assemble and Pack Quality minded small business ISO 9001:2000 third party certified & DCMA verification with zero findings Current ATF licenses 6, 8 and 10 Specializing in tight propellant charges and tracer ammunition 40mm Production History Export history and staff certified in Export compliance 1

MAST Complex Experienced A & E Producer Magazines for HE Ample Load Bays ISO 9000:2000 Room for growth LCAAP Benefits 2600m Range 24 hr Armed Guard Dedicated Test Bay Full time Gunsmiths Secure Weapon Storage Indoor 200m range IDEAL LAP SITE Facility 2

Tenant at Lake City Army Ammunition Plant, Building 139 No formal Affiliation with ATK, beyond Facility Use Agreement including ballistic testing 3 buildings/2 bunkers currently under lease over 25,000 SF, with dozens of more structures available with growth Over 20 load cells in main building LCAAP is 4500 acres and 30 min east of Kansas City, MO 2

Facility Recently added 11,000 Square Foot of Building 65 for Storage Building 65 total SF is nearly 75,000 in total, split 40,000 storage and 35,000 load bays Potential storage and Production space available in Building 65 2

Current Products Our Main Products include –40mm M781 Training Practice Round –M81 Igniter for Demolitions and Training –Small Caliber Ammunition – Training & Duty –Ammunition Machinery –Specialty Ammunition – SMAW spotter/tracer 3

Production M Initial Contract for MAST in 2001 Contract for 50,000 units per month MAST achieved nearly 100,000 per month as required One Assembly Machine & One Loader 3

Production M Up to 460,000 per month 2 shifts on Assembly Machine & table/conveyor 2 Assembly Machines 3

Production M Hand Assembly Low Tech Limited Automation Many opportunities to improve 3

Production M Increased Automation Increased Equipment Still searching for opportunities to improve 3

Small Caliber LAP/Link Small Caliber LAP 5.56mm, 7.62mm &.50 caliber Including Linking 4

Toolroom Support Basic Machine Shop to support Operations Utilized on Machinery Rebuild Adds versatility to MAST’s new project development Allows Lower start up cost 4

Other Business LAP for 5.56 & 7.62 ammunition, including linked, AP, Tracer, and Frangible variations for DOD, DOE, DOS and other groups/agencies Small Caliber Ammunition Machinery Sales New, Used and Rebuilt 4

Top Management Team -MAST 2001 expansion Champion -23 years in Ammunition/DOD work -Former President and CEO at MAST BSBA Management Rockhurst University Kansas City, MO -- Six Sigma Green Belt certification, Villanova University -- Thirty plus years in manufacturing with an emphasis on lean manufacturing 40 years in Ammunition Industry -Recognized Expert in Ammunition -Founder MAST Sold Brass Extrusion in Good Order -Founder, President, Owner Brass Extrusion Labs Ltd 1973

Contact information Jay Bell – President and CEO Cell MAST LCAAP - Ph x25, Fax