Bill Bliss retires from Bliss Industries

Greg Alles, President of Bliss Industries, will assume his operational
duties.

“Bill Bliss has been a pioneer in the hammermill and pelletmill
industry, and as our founder, has been the leader and visionary for our
company,” stated Greg Alles.

“I have had the great privilege of working
with Bill both early in my career and again for the past seven months, and I
consider Bill a great mentor and friend,” Alles said.

Bill Bliss started
Bliss Industries in 1981 in Ponca City, OK and quickly established Bliss as an
industry leader in the production of hammermills, and later in the production of
pelletmills, coolers and related equipment.

Pennington Allen new
owner
In July of 2007, Pennington Allen Capital Partners, a private
investment firm, established a partnership with Bliss by acquiring 75% of Bliss
Industries.

With Bliss’ retirement, the two partners of the firm W. Lane
Pennington will serve as Chairman of the Board, Mark H. Allen will serve as
Chief Executive Officer and Greg Alles will continue in his role as
President.

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