Elamex Announces Compliance with Nasdaq Rule Regarding Minimum Market Value of Public Float

    EL PASO, Texas--March 16, 2001--Elamex, S. A. de C. V. today announced that the Company received notice that Nasdaq had determined that the Company has maintained a minimum market value of public float of $5,000,000 for at least ten consecutive trading days since February 6, 2001, and complies with Nasdaq's Marketplace Rule 4450(a)(2). Accordingly, Nasdaq stated that the matter described in the Company's press release of February 13, 2001, is now closed.