Starcraft Corporation Amends Credit Agreement; Reopens Its Texas Tecstar Facility

    GOSHEN, Ind.--April 9, 2001--Starcraft Corporation ("STCR") today announced that it has amended its credit facility with its primary lender.
    The amendment increases the maximum borrowing amount at its Tecstar subsidiary from $ 8,000,000 to $ 10,000,000. The amendment also revises certain financial ratios for the balance of the Company's fiscal year ending September 30, 2001 with which it is currently in compliance and expects to be in compliance.
    The Company also announced that its Tecstar facility in Grand Prairie, Texas is back in production of both the GM Suburban and Tahoe after an extended shutdown due to the model year changeover. The Suburban and Tahoe up-fit appearance packages are part of a 5-year contract that runs through 2004 representing aggregate estimated sales of $ 150 million.
    Starcraft Corporation is a leading manufacturer of second stage vehicle conversions through its Starcraft, Imperial, Bus, Tecstar and National Mobility divisions. For additional information see the Company's web site at www.starcraftcorp.com or call Richard J. Mullin, Starcraft Corporation at (219) 533-1105, ext. 239.
    This news release contains forward-looking statements regarding market demand, sales, profitability, loan covenant compliance and other matters. Investors are cautioned that actual results may differ materially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, level of customer demand, competitive pressures and other important factors detailed in the Company's annual report on Form 10-K for fiscal year 2000 filed with the Securities and Exchange Commission.