Paul Hastings Advises MAGNATRAX Corporation on Sale of Jenisys Engineered Products

October 31, 2006

Paul Hastings Advises MAGNATRAX Corporation on Sale of Jenisys Engineered Products

Atlanta, GA (October 31, 2006) - Paul, Hastings, Janofsky & Walker LLP (Paul Hastings), a leading international law firm, represented MAGNATRAX Corporation, an Atlanta-based holding company, in the sale of its subsidiary, Jenisys Engineered Products, a manufacturer and distributor of metal construction products and accessories, to Fabral, Inc., an affiliate of Euramax International, Inc. The transaction closed on October 2, 2006. Terms were not disclosed.

The Paul Hastings team, led by partners Walter Jospin, Andy Scott, Weyman Johnson, Lisa Rushton and Mark Poerio, also included of counsel Ted Smith and associates Karen Leach, Darcy White, Mike Haun and Jenn Shea. Fabral Inc. was represented by R. David Patton and Andrew Stephenson from Alston & Bird LLP.

About MAGNATRAX Corporation: MAGNATRAX Corporation is a holding company for a range of businesses that sell, engineer, fabricate and transport customed engineered steel building products. MAGNATRAX's metal building systems and steel components businesses include, American Buildings Company, Kirby Building Systems, Gulf States Manufacturing, CBC Steel Buildings, and Magnatran (transportation).

About Paul Hastings Corporate Department: Teams of Paul Hastings' corporate attorneys provide clients with the sophisticated, cross-border legal and business expertise they need to finance and operate companies. The firm's Securities and Capital Markets, M&A, Lending, Project Finance, Private Equity, Investment Management and Securitization practices are nationally and internationally ranked. Paul Hastings' attorneys are experienced in every aspect of modern transactional practice in virtually every industry and service sector. Clients include major financial institutions, domestic, international, public and private companies.

Paul Hastings Janofsky & Walker LLP, founded in 1951, is a leading international law firm with over 1,100 attorneys in 17 offices. The firm serves a diverse client base including many of the top financial institutions and Fortune 500 companies, supports clients in all of their legal needs and offers deep capabilities in Banking and Finance, Capital Markets, Corporate/M+A, Litigation and Dispute Resolution, Intellectual Property, Project Finance, Investment Management, Real Estate, Labor and Employment and Tax Advisory Services. For additional information, please visit our website at www.paulhastings.com.