Bonded Motors Withdraws Secondary Offering

19 June 1998

    LOS ANGELES, June 18 -- Aaron Landon, Chairman of the Board
and Chief Executive Officer of Bonded Motors, Inc. announced
today that the Company is withdrawing its offering of 1.5 million new shares.
    The Board of Directors voted unanimously that it is in the best interests
of the Company and existing shareholders to withdraw the offering at this
time.  Aaron Landon stated that he feels the Company has sufficient existing
resources to sustain growth and enhance shareholder value.
    Bonded Motors is a remanufacturer of car and light truck engines, with
headquarters in Los Angeles, manufacturing plants in California and Georgia,
and Distribution Centers in California, Washington, Colorado, Ohio, Georgia,
New York.  The Company's principal customers are automotive parts chain stores
such as Pep Boys -- Manny, Moe & Jack, CSK Automotive (Checkers, Kragens and
Schucks), Paccar Automotive (Grand's and Al's Auto Parts), and Genuine Parts
(NAPA Auto Parts Stores).
    Safe Harbor statement under the Private Securities Litigation Reform Act
of 1995:  The statements in this release regarding the business conditions of
the automotive aftermarket for remanufactured engines and the expansion of the
Company's products and markets are forward looking statements that include
risks and uncertainties, including but not limited to product demand and
development, technological advancements, impact of competitive products and
pricing, growth in targeted markets, manufacturing capacity, risks of foreign
operations, ability to integrate and leverage acquisitions, and other
information detailed from time to time in the Company's Securities and
Exchange Commission filings.