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SMC Corporation Announces Preliminary Q1 Results

14 April 1998

SMC Corporation Announces Preliminary First Quarter Results

    HARRISBURG, Ore., April 14 -- SMC Corporation
today announced that while it continues to be profitable, it expects revenues
and earnings for the first quarter to be below analyst estimates.
    The shortfall was due to lower attendance at the Company's winter shows
due to inclement weather and the continued shortage of Allison medium-duty
transmissions.
    "We believe that the slowdown in first quarter sales reflects weather
related attendance problems  at our winter shows in California, Florida and
New Mexico," said Mat Perlot, President and Chief Executive Officer of SMC
Corporation.  "Historically, these shows are well attended but this year
cooler temperatures and rain significantly reduced participation.  In
addition, we are still receiving the Allison medium-duty transmissions on an
allocation basis."
    The Company is scheduled to release first quarter results on
April 23, 1998.
    SMC Corporation is one of the largest high line motor coach manufacturers
in the United States.  Headquartered in Harrisburg, Oregon, the Company has
six locations in Oregon.
    Forward Looking Statements:  The statements in this report regarding
market reception to the Company's products are forward-looking statements.  A
number of factors could cause actual results to differ materially from these
statements.  Refer to the Company's SEC reports, including, but not limited to
its Form 10Q Quarterly Report for the quarter ended
September 30, 1997 and its Form 10K Annual Report for the year ended
December 31, 1997.

SOURCE  SMC Corporation