RELEASE ON RECEIPT

NAPLES, FL. -- The Conveyor Equipment Manufacturers Association reported that its November 2003 Booked Orders Index was 114 down 59 points or a decrease of 34% from October 2003's Index of 173 (1990=100). The November 2003 Index represents a decrease of 27% from the November 2002 Index of 157.

November Booked Orders Indexes were 121 for Bulk Handling Equipment* and 107 for Unit Handling Equipment*(1990=100).

The Twelve-Month Index for Booked Orders was 132 in November. Index represents a decrease of 2% from October 2003's Twelve-Month Index of 135.

The CEMA Billed Sales (shipments) Index was 147 in November down 30 points or a decrease of 17% from the October Index of 177. The November 2003 Index represents an increase of 5% from the November 2002 Index of 140.

November Billed Sales Indexes were 120 for Bulk Handling Equipment* and 128 for Unit Handling Equipment*(1990=100).

The Twelve-Month Index for Billed Sales was 167 in November. Index represents an increase of 1% from October 2003's Twelve-Month Index of 166.