ALDA Atlantica Inc (PK)

ALDILA, INC. (OTCQX: ALDA) (PINKSHEETS: ALDA) announced today it had entered into a material definitive agreement when a Credit Agreement (the "Credit Agreement") with Wells Fargo Bank, National Association became effective on Monday, December 6, 2010.

The Credit Agreement establishes a line of credit that will allow Aldila to borrow up to $3,000,000 from time to time through July 1, 2012 for working capital requirements. Aldila is required to have a zero outstanding balance for at least 30 consecutive days during any year. All outstanding amounts of principle and interest must be repaid no later than July 1, 2012. Advances under the line of credit will bear interest at either (i) a fluctuating rate of 2.75% above the one-month LIBOR rate, or (ii) a fixed rate of 2.5% above the LIBOR rate. Aldila may elect from time to time to convert all or a portion of the outstanding balance of the line of credit from one interest rate method to the other. Aldila will pay Wells Fargo an annual commitment fee of $30,000 (equal to 1% of the maximum amount under the line of credit). Aldila is not permitted to use the line of credit to pay dividends or to purchase its stock. The line of credit is secured by all of Aldila's accounts receivable and other rights of payment, general intangibles, inventory, and equipment.

Aldila's obligations to Wells Fargo are guaranteed by Aldila's wholly owned subsidiaries, Aldila Golf Corp. and Aldila Materials Technology Corp., which have also granted security interests in all of their accounts receivable and other rights of payment, general intangibles, inventory, and equipment.

The foregoing description of the Credit Agreement and related documents is not complete and is qualified in its entirety by reference to the complete text of the Credit Agreement and related documents, which will be filed on the OTC News and Disclosure Service, available at www.OTCQX.com.

This press release contains forward-looking statements based on our expectations as of the date of this press release. These statements necessarily reflect assumptions that we make in evaluating our expectations as to the future. Forward-looking statements are necessarily subject to risks and uncertainties. Our actual future performance and results could differ from that contained in or suggested by these forward-looking statements as a result of a variety of factors. Our filings with the Securities and Exchange Commission and OTC Disclosure and News Service present a detailed discussion of the principal risks and uncertainties related to our future operations, in particular our Annual Report on Form 10-K for the year ended December 31, 2009, under "Business Risks" in Part I, Item 1, and "Management's Discussion and Analysis of Financial Condition and Results of Operation" in Part I, Item 7 of the Form 10-K, and reports on Form 10-Q and Form 8-K, all of which can be obtained at www.sec.gov. Our future filings will be included on the OTCQX U.S. Premier website, which can be found at www.otcqx.com.

The forward-looking statements in this press release are particularly subject to the risks that:

• consumer discretionary spending will be flat or decline, which could have a material impact on our business;
• our product offerings, including the NV®, VS Proto™, DVS®, VooDoo® and RIP™ shaft lines and product offerings outside the golf industry, will not achieve or maintain success with consumers or customers;
• we will not maintain or increase our market share at our principal customers;
• demand for clubs manufactured by our principal customers will decline, thereby affecting their demand for our shafts;
• demand for composite materials by our principal customers will decline or fail to continue to grow;
• the market for graphite shafts will continue to be extremely competitive, affecting selling prices and profitability;
• our international operations will be adversely affected by political instability, currency fluctuations, export/import regulations or other risks typical of multi-national operations, particularly those in less developed countries;
• the Company will not be able to acquire adequate supplies of carbon fiber at reasonable market prices;
• acts of terrorism, natural disasters, or disease pandemics interfere with our manufacturing operations or our ability to ship our finished products.

For additional information about Aldila, Inc., please go to the Company's website at www.aldila.com.

Investor/Media Contacts: Scott M. Bier Vice President, CFO Sylvia J. Castle Investor Relations Aldila, Inc. (858) 513-1801