MFRI, Inc. Board of Directors Elects Two New Members

The MFRI (Nasdaq:MFRI) Board of Directors is pleased to announce the election of two new Board members, Michael J. Gade and Mark A. Zorko.

Mr. Gade, age 57, is an Executive in Residence at the University of North Texas and a Founding Partner of the Challance Group, LLP. Prior positions include senior operating and marketing roles with Home Depot, Inc. (NYSE: HD) and 7-Eleven, Inc. He earned his MBA from The Ohio State University. Rent-A-Center, Inc. (NasdaqGS: RCII) is among the boards on which he currently serves.

Mr. Zorko, CPA, age 57, is the CFO and Secretary of Del Global Technologies Corporation (OTC BB: DGTC.OB). Prior positions include senior financial roles with Tatum CFO Partners, LLP, and Network Services Company. He earned his MBA from the University of Minnesota. He is a former board member and audit committee chair of Guardian Technologies International, Inc. (OTC BB: GDTI.OB) and currently serves on several boards including the Loan Guarantee Fund Board and Audit Committee for Opportunity International, an international micro-lending bank.

David Unger, Chairman and CEO of MFRI, stated: “We are delighted to add these two solid professionals to the MFRI Board. I would like to thank the Nominating and Governance Committee for their excellent work. I look forward to the contributions that Mike and Mark will make to the continued growth and success of MFRI.”

MFRI, Inc. is a multi-line company engaged in the following businesses: pre-insulated specialty piping systems for oil and gas gathering, district heating and cooling and other applications; custom-designed industrial filtration products to remove particulates from dry gas streams; thermal transfer equipment to remove heat from molding, printing and other industrial processes; and installation of heating, ventilation and air conditioning (“HVAC”) for large buildings.

Statements and other information contained in this announcement which can be identified by the use of forward-looking terminology such as "anticipate," "may," "will," "expect," "continue," "remain," "intend," "aim," "should," "prospects," "could," "future," "potential," believes," "plans," "likely," and "probable," or the negative thereof or other variations thereon or comparable terminology, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended and are subject to the safe harbors created thereby. These statements should be considered as subject to the many risks and uncertainties that exist in the Company's operations and business environment. Such risks and uncertainties include, but are not limited to, economic conditions, market demand and pricing, competitive and cost factors, raw material availability and prices, global interest rates, currency exchange rates, labor relations and other risk factors.