ElaCap, LLC Announces Results of Cash Tender Offer for Any and All Shares of Elamex, S.A. De C.V.

MESQUITE, Nev.--()--ElaCap, LLC, a Nevada limited liability company (ElaCap), and Elamex, S.A. de C.V., a Mexican company (OTC Pink Sheets: ELAMF non-SEC-reporting) (Elamex), announced today the results of a subsequent offering period in a tender offer to purchase any and all shares of Class I common stock of Elamex. The subsequent offer period expired at 12:00 Midnight, New York City time, on Thursday, October 11, 2007. All validly tendered shares have been accepted for payment in accordance with the terms of the tender offer.

In conjunction with the subsequent offering period, ElaCap has accepted for purchase 110,310 additional shares of Elamex at $2.00 per share. Combing both periods of the tender offer, ElaCap has accepted for purchase 2,399,793 shares of Elamex. The 2,399,793 shares represent 31.99% of Class I common stock of Elamex and 82.69% of the approximately 2,902,000 outstanding shares held by holders not associated with ElaCap.

ElaCap is a wholly-owned subsidiary of Silver Eagle Oil, Inc., a privately held refiner of crude oil to gasoline, diesel, and other products. Elamex is a diversified manufacturing services company with food and real estate holdings in Mexico and the United States.

Contacts

Alpine Securities Corporation
Ryan Spencer or Tyler Floor
Banks and Brokers call: 801-355-5588
All others call Toll-Free: 800-274-5588

Contacts

Alpine Securities Corporation
Ryan Spencer or Tyler Floor
Banks and Brokers call: 801-355-5588
All others call Toll-Free: 800-274-5588