TransPro, Inc. Corrects Fourth Quarter and Full Year EPS

    NEW HAVEN, Conn.--April 2, 2001--TransPro, Inc. today corrected its previously reported losses per basic and diluted common share for the fourth quarter and year ended December 31, 2001.
    In its press release dated February 27, 2001, the losses per basic and diluted common share from continuing operations were incorrectly reported as $(0.91) and $(1.40) for the fourth quarter and full year, respectively. The correct losses per basic and diluted common share from continuing operations set forth in the Company's audited financial statements are $(0.93) and $(1.43) for the fourth quarter and full year 2000, respectively, due to the correction of the preferred stock dividend amount included in the calculation of earnings per share. The correct net losses per basic and diluted common share for the fourth quarter and full year are $(0.96) and $(0.45), respectively.
    The complete audited financial statements are contained in the Company's annual report on Form 10-K, which was filed with the Securities and Exchange Commission on March 30, 2001.
    TransPro, Inc. is a manufacturer and supplier of heat transfer components and systems for a variety of Aftermarket and OEM automotive, truck and industrial applications.