CIMCO Inc. promotes J. Terry Bagwell to president of the respiratory medical division.

COSTA MESA, Calif.--(BUSINESS WIRE)--Aug. 31, 1995--CIMCO Inc. (NASDAQ:CIMC), a high-precision thermoplastic components manufacturer, recently announced the promotion of J. Terry Bagwell, 54, to president and chief operating officer of Medical Molding Corporation of America, the wholly owned respiratory

"Under Terry's leadership, RMPD has consistently grown sales for the past four years bringing total sales in 1995 to $4.5 million," said Russell T. Gilbert, president and chief executive officer. "This long overdue promotion is well deserved."

RMPD was the recipient of the CIMCO President's Award for the last two years for showing the greatest improvement in manufacturing efficiencies and operating profit.

Terry joined the company in March 1967 and has held numerous managerial positions. In 1983, he was promoted to his last position vice president of the division. Within the last 10 years, he has developed and assigned to the company four patents for respiratory medical products.

As Terry assumes this position, Russell T. Gilbert will fill the newly created position of chairman and chief executive officer of Medical Molding Corporation of America.

Founded in 1959, CIMCO is a major developer and manufacturer of high performance plastic components for commercial/industrial and medical markets. The company also custom formulates and compounds reinforced thermoplastic materials. CIMCO supplies more than 100 original equipment manufacturers in the computer, commercial irrigation, automotive safety, residential products, telecommunications and health care industries.

CONTACT: CIMCO Inc., Costa Mesa

Tammy Trenkmann, 714/546-4460