Trident Rowan Group: Centerpoint Retains Investment Bank

    NEW YORK--June 18, 2001--Centerpoint Corporation (CPTXE) ("Centerpoint") announced today its recent retention of the investment banking firm of Investec Ernst & Co. ("Investec") to assist Centerpoint in its evaluation of strategic alternatives.
    Mark Hauser, the President of Centerpoint, commented, "We are enthusiastic about the engagement of Investec to help us chart Centerpoint's future course as we examine potential acquisitions and investments with a view toward maximizing the value of Centerpoint for its shareholders." In addition, in exchange for an extension of a waiver by its parent company Trident Rowan Group, Inc. ("TRG") of TRG's contractual right to require a liquidation of Centerpoint, and in order to enable TRG to pay off certain indebtedness on favorable terms, on June 13, 2001 Centerpoint made a loan to TRG in the amount of $4.2 million due June 13, 2002 at an annual interest rate of 5% payable semi-annually. The loan is secured by certain shares of stock in Centerpoint held by TRG and one of TRG's affiliates.
    Centerpoint, formerly known as Moto Guzzi Corporation, was until September 2000 a motorcycle manufacturer headquartered in Mandello del Lario, Italy.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:
    Statements in this release which are not historical facts are forward-looking and involve risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, increased investment to support product introductions, market acceptance of products, product transitions by the company and its competitors, currency fluctuations, changes in product sales mix, and other risks described in the company's registration statement and other Securities and Exchange Commission filings.