Starcraft Corporation Receives Nasdaq Staff Determination

    GOSHEN, Ind.--March 19, 2001--Starcraft Corporation --The Company received a Nasdaq Staff Determination on March 12, 2001 indicating that the Company fails to comply with the net tangible assets, market capitalization and net income requirements for continued listing set forth in Marketplace Rule 4310(c)(2)(B), and that its securities are, therefore, subject to delisting from The Nasdaq SmallCap Market.
    The Company has requested a hearing before a Nasdaq Listing Qualifications Panel to review the Staff Determination. There can be no assurance the Panel will grant the Company's request for continued listing. In the event that the Company's request for additional listing is ultimately denied, the Company should be eligible for quotation on the OTC Bulletin Board.