Edelbrock Corp. Expands Its Efforts in the Import Automotive Aftermarket

    TORRANCE, Calif.--June 22, 2000--Edelbrock Corp. today announced that it has acquired the exclusive rights to manufacture and sell internal engine, exhaust and suspension components to the import aftermarket throughout the world, under the Edelbrock and JG Engine Dynamics Inc. names.
    Alhambra, Calif.-based JG Engine and Glendale, Calif.-based Automotive Systems Group are well known in the import market under their respective "JG" and "LightSpeed" names. Established in 1987, JG and LightSpeed are well-known industry leaders in the import-racing arena and in the aftermarket for providing workable alternatives to the import concept.
    Commenting on the agreement, Edelbrock Chairman and Chief Executive Officer Vic Edelbrock said, "This is an exceptional growth opportunity for Edelbrock in that it positions us with a first-rate product to sell to the expanding segment of the automotive import aftermarket.
    "We are extremely pleased with entering this long-term license agreement with Javier Gutierrez of JG Engine and Scott Revell of LightSpeed. Javier Gutierrez of JG Engine is considered the utmost authority in the import aftermarket."
    Edelbrock additionally commented, "The new license agreement allows us to immediately enter the $756 million (a) retail import aftermarket with such established products as aluminum intake manifolds, camshaft kits, exhaust systems, suspension and throttle body products as well as products under development such as aluminum cylinder heads and accessory items."
    Founded in 1938, Torrance-based Edelbrock is recognized as one of the nation's premier designers, manufacturers and distributors of performance replacement parts for the automotive and motorcycle aftermarkets.
    In addition to three production facilities and an automated distribution center in Torrance, the company owns and operates a state-of-the-art aluminum foundry and its QwikSilver Division for motorcycle aftermarket parts in San Jacinto, Calif., at which it manufactures many of its quality products.

    Safe-harbor statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts are forward-looking statements that involve known and unknown risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include such factors as the financial strength and competitive pricing environment of the automotive and motorcycle aftermarket industries; product demand; market acceptance; manufacturing efficiencies; new product development; the success of planned advertising, marketing and promotional campaigns; and other risks identified herein and in other documents filed by the company with the Securities and Exchange Commission.

(a) Source: SEMA (Specialty Equipment Market Association)