Altra Industrial Motion
Aug 13, 2007

Altra Holdings, Inc., Announces Revised Results for the Second Quarter 2007

QUINCY, Mass., Aug 13, 2007 (PrimeNewswire via COMTEX News Network) --

Altra Holdings, Inc. (Nasdaq:AIMC), announced certain revisions to its unaudited financial results for the second quarter and six months ended June 30, 2007 related to a decrease in cost of goods sold in connection with a non-cash inventory purchase accounting adjustment associated with its recent acquisition of TB Wood's. The revisions were the result of the Company's continuing work to finalize the purchase accounting for the TB Wood's acquisition. The revision resulted in an increase in gross profit and operating income of $2.1 million for both the second quarter and six months ended June 30, 2007 from that which the Company previously reported on July 26, 2007. Net income increased $1.4 million for both the second quarter and six months ended June 30, 2007 from amounts previously reported. Fully diluted earnings per share increased $.06 for both the second quarter and six months ended June 30, 2007 from amounts previously reported. Recurring diluted earnings per share of $.31 for the second quarter and $.60 for the six months ended June 30, 2007 remained unchanged from amounts previously reported.



                             (Unaudited)                (Unaudited)
                        ----------------------   ---------------------
 Statement of
  Operations Data:            Quarter Ended       Year to Date Ended
 In Thousands of
  Dollars                Previously              Previously
                         Reported    Revised     Reported    Revised
                          June 30,   June 30,     June 30,   June 30,
                            2007       2007         2007       2007
                         ----------  ---------   ----------  --------
 Net sales                 $163,142   $163,142    $295,848   $295,848
 Cost of sales              119,369    117,238     214,027    211,896
                         ----------  ---------   ---------   --------
 Gross profit                43,773     45,904      81,821     83,952
 Selling, general &
  operating expenses         27,267     27,267      49,388     49,388
 Restructuring charges          198        198         991        991
                         ----------  ---------   ---------   --------
 Operating income            16,308     18,439      31,442     33,573
 Interest expense, net       10,692     10,692      19,840     19,840
 Other expense (income),
  net                           123        123          76         76
                         ----------  ---------   ---------   --------
 Income before taxes          5,493      7,624      11,526     13,657
 Income taxes                 2,045      2,803       4,310      5,068
                         ----------  ---------   ---------   --------
 Net income                  $3,448     $4,821      $7,216     $8,589
                         ==========  =========   =========   ========
 Net Income per share:

 Basic                        $0.15      $0.22       $0.33      $0.39
 Diluted                      $0.15      $0.21       $0.31      $0.37

 Weighted Average common
  shares outstanding

 Basic                       22,250     22,250      22,066     22,066
 Diluted                     23,268     23,268      23,075     23,075


 Balance Sheet Data:          (Unaudited)
                         Previously
                          Reported    Revised
 In Thousands of Dollars  June 30,    June 30,
                            2007        2007
                         ----------   --------
 Assets:
  Cash and cash
   equivalents              $34,376    $34,376
  Trade Receivables, net     92,706    $92,706
  Inventories, net          104,287   $106,418
  Property, plant and
   equipment, net           116,380   $116,380

 Liabilities:
  Current liabilities       $80,761    $81,519
  Long-term debt           $321,341   $321,341

 Stockholders' equity      $137,322   $138,695


 Other Financial Data:     (Unaudited)                (Unaudited)
                      ---------------------      ---------------------
                          Quarter Ended            Year to Date Ended
                      Previously                 Previously
                      Reported     Revised       Reported     Revised
                       June 30,    June 30,       June 30,    June 30,
                        2007        2007          2007         2007
                      ----------   --------      ----------   --------
 Depreciation
  & amortization        $6,067     $6,067        $10,532      $10,532
 Non cash
  inventory step
  up costs              $2,782       $651         $2,782         $651
 Capital
  expenditures          $3,215     $3,215         $4,249       $4,249

Altra Holdings, Inc., through its wholly-owned subsidiary Altra Industrial Motion, Inc., is a leading multi-national designer, producer and marketer of a wide range of mechanical power transmission products. The company brings together strong brands covering over 40 product lines with production facilities in nine countries and sales coverage in over 70 countries. Our leading brands include Boston Gear, Warner Electric, TB Wood's, Formsprag Clutch, Ameridrives Couplings, Industrial Clutch, Kilian Manufacturing, Marland Clutch, Nuttall Gear, Stieber Clutch, Wichita Clutch, Twiflex Limited, Bibby Transmissions, Matrix International, Inertia Dynamics, Huco Dynatork and Warner Linear.

The Altra Holdings, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4038

This press release includes statements which are forward looking within the meaning of applicable securities laws. These statements may include or imply projections of future performance that are based upon the company's expectations or assumptions. These expectations and assumptions, as well as the company's future performance, are subject to a number of risks and uncertainties. Factors that could cause actual results to differ from projected results are described from time to time in the company's Securities and Exchange Commission reports and other filings, including but not limited to the risks described in the Registration Statement on Form S-1 filed on June 4, 2007. Altra Holdings, Inc. is under no obligation to, and expressly disclaims any obligation to, update or alter its forward looking statements, whether as a result of new information, future events or otherwise. AIMC-E

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SOURCE: Altra Holdings, Inc.

Altra Holdings, Inc.
          David Wall, Chief Financial Officer
          (617) 689-6380
          david.wall@altramotion.com

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