SPX Corporation to Acquire VSI Holdings, Inc.

             VSI Holdings to Join SPX Service Solutions Business

    MUSKEGON, Mich., March 26 SPX Corporation and
VSI Holdings, Inc. (AMEX: VIS) today announced that they have entered into a
definitive agreement for SPX to acquire VSI Holdings (VSI) in a cash election
merger priced at approximately $146 million.  SPX will also assume
approximately $51 million in VSI net debt.
    Under the terms of the agreement, VSI shareholders may choose between two
options -- all SPX stock or 55% SPX stock and 45% cash.  VSI shareholders
making an all-stock election will receive .043 SPX shares per VSI share.  VSI
shareholders making a 55/45 stock/cash election will receive .043 SPX shares
per VSI share for 55% of their VSI shares and $4.35 per VSI share for 45% of
their VSI shares.  The agreement provides a pro rata mechanism that would
increase in certain circumstances the amount of SPX stock to shareholders
making the stock/cash election.
    The transaction, which is subject to approval by VSI shareholders and Hart
Scott Rodino review, is expected to close in the second quarter of 2001.
    John B. Blystone, Chairman, President and Chief Executive Officer of SPX
Corporation said, "VSI's demonstrated strength in organizational development
and training, integrated marketing services and call center operations expands
the portfolio of professional services we currently offer to our customers.
In addition, VSI's rapidly emerging e-learning and web customer relationship
management (CRM) capabilities provide Service Solutions with a new technology
platform for future revenue growth."
    VSI's Chairman and Chief Executive Officer Steve Toth, Jr., commented, "We
are extremely pleased about this association.  SPX Corporation represents a
catalyst for fostering the company's global growth and improving its overall
offerings to our Fortune 500 clients especially in our key business sectors
such as education and training, ERM and customer relationship management."
Toth further stated, "We look forward to completing this agreement and
integrating with such a dynamic company."

    Located in Bloomfield Hills, Michigan, VSI Holdings provides customer
relationship management services, Internet/Intranet communications, education
and training, and edutainment/entertainment.  The company employs 1,200 people
through its networks and offers integrated marketing services using a wide
range of technology-driven alternatives.  Additional information about VSI
Holdings is available on its web site at http://www.vsiholdings.com .

    Service Solutions is a leading supplier of special service tools and
equipment, electronic diagnostics, and technical training and support to the
OEM and aftermarket automotive, light and heavy duty, agricultural,
recreation, fleet, construction and government vehicle markets.  SPX
Corporation is a global provider of technical products and systems, industrial
products and services, service solutions and vehicle components.  The Internet
address for SPX Corporation's home page is http://www.spx.com .

    Certain statements in this press release are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended, and are
subject to the safe harbor created thereby.  These statements involve a number
of risks, uncertainties, and other factors including potential changes in
market conditions that could cause actual results to differ materially.
Please refer to the Company's filings with the Securities and Exchange
Commission for discussion of certain important factors that relate to
forward-looking statements contained in this press release.  Although the
Company believes that the expectations reflected in any such forward-looking
statements are reasonable, it can give no assurance that such expectations
will prove to be correct.