ExelTech Aerospace Recognized as One of Canada's 100 Fastest-Growing Companies

    The 20th Annual PROFIT 100 Ranking of Canada's Fastest-Growing Companies

    MONTREAL, June 2 /CNW Telbec/ - ExelTech Aerospace Inc. ("ExelTech
Aerospace", "ExelTech" or the "Company"), (TSX-V: XLT), Canada's largest
publicly-listed commercial aircraft maintenance, repair and overhaul
organization, is pleased to announce that it has today been named to the
PROFIT 100 Ranking of Canada's Fastest-Growing Companies for 2007. The Company
ranks 79th, based on 758% growth in revenue over the last five years.
    "We are thrilled to be joining this select group of successful
entrepreneurial companies," stated Derek Nice, ExelTech's Chairman and CEO.
"ExelTech has grown tremendously since being founded in 2000, and we owe it
all to our employees. We would not have done it without their ongoing support
and hard work - they are the best."
    Ranking Canada's Fastest-Growing Companies by five-year revenue growth,
the PROFIT 100 profiles the country's most successful growth companies.
Published in the June issue of PROFIT and online at PROFIT100.com, the PROFIT
100 is Canada's largest annual celebration of entrepreneurial achievement.
    "The PROFIT 100 companies are role models for anyone who wants to expand
their business domestically or internationally," says Ian Portsmouth, Editor,
PROFIT Magazine. "All entrepreneurs can take great lessons from the product
development, human resources and marketing practices of Canada's
Fastest-Growing Companies."

    About PROFIT Magazine

    PROFIT: Your Guide to Business Success is Canada's preeminent publication
dedicated to the management issues and opportunities facing small and
mid-sized businesses. For more than 25 years, Canadian entrepreneurs across a
vast array of economic sectors have remained loyal to PROFIT because it's a
timely and reliable source of actionable information that helps them increase
their revenues, boost their profitability and get the recognition they deserve
for generating positive economic and social change. Published six times a year
by Rogers Publishing Ltd., PROFIT is distributed almost exclusively to the
chief executives of companies with 5 - 250 employees and annual revenue of
$1 million to $25 million, reaching more than 300,000 readers across Canada.
Visit PROFIT online at www.PROFITmagazine.ca

    About ExelTech Aerospace

    The third-largest commercial airframe Maintenance, Repair, and overhaul
(MRO) vendor in Canada, ExelTech Aerospace is listed on the TSX Venture
Exchange and trades under the symbol XLT. The company holds Transport Canada,
US Federal Aviation Administration (FAA) and European Aviation Safety Agency
(EASA) approvals to maintain a range of aircraft and associated structures,
components and systems. Aircraft models serviced by ExelTech Aerospace include
Embraer ERJ and Bombardier CRJ regional jets and ATR-42 and 72, Bombardier
Dash-8 and Saab 340 regional turboprops.
    With 230,000 square feet of hangar, shop and office space in three
facilities at Montreal and Quebec City, and with marketing offices in the US
and Europe, ExelTech Aerospace provides maintenance repair and overhaul
services to airlines in Canada, the US and 24 other countries around the
    In the summer of 2008, ExelTech will open a purpose-built 140,000 sq ft
state-of-the-art regional jet and turboprop maintenance facility at Montreal's
Pierre Elliott Trudeau International Airport.
    To learn more about ExelTech Aerospace Inc. (TSX-V: XLT), please visit
our website at www.exeltech-aerospace.com.

    The TSX Venture Exchange Inc. has not reviewed and does not accept
    responsibility for the adequacy of this release.
    %SEDAR: 00020968EF

For further information:

For further information: Derek Nice, Chairman & CEO, ExelTech Aerospace
Inc., (514) 631-3884, dnice@exeltech-aerospace.com

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