RELEASE ON RECEIPT

NAPLES, FL. -- The Conveyor Equipment Manufacturers Association reported that its January 2004 Booked Orders Index was 111 down 133 points or a decrease of 55% from December 2003's Index of 244 (1990=100). The January 2004 Index represents a decrease of 1% from the January 2003 Index of 112.

January Booked Orders Indexes were 145 for Bulk Handling Equipment* and 90 for Unit Handling Equipment*(1990=100).

The Twelve-Month Index for Booked Orders was 144 in January. Index represents no change from December 2003's Twelve-Month Index of 144.

The CEMA Billed Sales (shipments) Index was 134 in January up 2 points or an increase of 2% from the December Index of 132. The January 2004 Index represents a decrease of 2% from the January 2003 Index of 137.

January Billed Sales Indexes were 134 for Bulk Handling Equipment* and 137 for Unit Handling Equipment*(1990=100).

The Twelve-Month Index for Billed Sales was 140 in January. Index represents no change from December 2003's Twelve-Month Index of 140.