Magnemotion Announces the Addition Of Marketing Strategist Jae-Bok Young to Manage Pacific Rim

New Manager Brings International Business Experience to Company

Acton, Massachusetts (August 21, 2006)

MagneMotion, a developer and manufacturer of assembly automation, material handling and transportation solutions using electro-magnetic technology, today announced the addition of Jae-Bok Young as a senior account manager. Mr. Young will lead MagneMotion in managing its Korean activity and Pacific Rim efforts, focusing his efforts initially in the electronics, semi-conductor and LCD industries.

Mr. Young brings more than 15 years of international marketing, new product development, engineering, strategic planning and competitive analysis experience to MagneMotion, with expertise in the Asia Pacific regions. During this time, Mr. Young successfully evaluated and identified key markets for developing business and sales relationships. He will use his background to continue MagneMotion’s growth by taking the lead on the company’s overall marketing strategies.

“We are delighted to have Jae-Bok’s business and technology experience to manage and lead our Pacific Rim sales and marketing initiatives,” said Todd Webber, co-founder and president of MagneMotion. “Jae-Bok’s impressive global business background will undoubtedly continue to drive MagneMotion’s growth, further solidifying it as a leader in the electro-magnetic space.”

Mr. Young joins MagneMotion from Citadel Computer Corporation, where he was director of global business development. While at Citadel, Mr. Young executed business plans for launching new global market strategies, which led to increased sales for wireless industrial and military computer products. Previously, Mr. Young was an international business consultant and director of strategic business relations of Korea at PRI Automation. Mr. Young also held manager and analyst positions at Eaton Semiconductor Equipment Operations and Samsung North America. He earned his B.A. at Principia College and his M.B.A. in Marketing and International Business from Washington University Graduate School of Business.

“There is tremendous opportunity for MagneMotion to create global business opportunities,” said Jae-Bok Young, senior account manager of MagneMotion. “I am excited to utilize my international and technology experience to propel MagneMotion’s global marketing efforts.”

About MagneMotion
MagneMotion provides the world’s most advanced electromagnetic transportation, assembly and logistics solutions. The company’s renowned scientists have captured the power of Linear Synchronous Motor (LSM) and MagLev technology to create faster, more efficient, longer lasting and more affordable automated manufacturing and transportation systems. LSM technology underpins the company’s QuickStick™, a breakthrough in powering manufacturing and logistics systems, as well as a new class of elevators developed for the U.S. Navy. Organization’s ranging from government agencies to major consumer goods companies and value added resellers rely on MagneMotion for superior results.

For more information on MagneMotion Inc., please visit the company website: www.magnemotion.com, or contact MagneMotion at info@magnemotion.com.