The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Williams Controls Announces Nasdaq Ruling

Williams Controls Announces Nasdaq Ruling

    PORTLAND, Ore., July 5 Williams Controls, Inc.
(OTC Bulletin Board: WMCO) announced that it has received a ruling on its
delisting appeal to the Nasdaq Stock Market, stating that the company's common
stock will no longer be listed on the Nasdaq National Market effective July 2,
2001.  The Company's common stock is now trading on the Over The Counter
Bulletin Board under the same stock symbol.
    In late April, the company received notice from Nasdaq that it had failed
to comply with certain requirements for continued listing on the National
Market and would be potentially delisted, to which the company responded with
its appeals before the Nasdaq Listing Qualifications Panel.  This delisting
was a result of the company's inability to meet the net tangible assets
requirement for continued listing on either the National Market or the Small
Cap Market.
    Williams Controls President and CEO Thomas K. Ziegler stated, "We would
obviously have preferred to continue our listing on the Nasdaq National Market
or to be on the Small Cap Market, and followed the appeal process as far as we
could.  We continue to operate our core businesses while we remain committed
to our previously announced sale plans of some or all of our operating
subsidiaries in an expeditious manner."
    Williams Controls is a designer, manufacturer and integrator of sensors,
controls and communications systems for the transportation and communications
industries.  For more information, you can find Williams Controls on the
Internet at http://www.wmco.com .
    The statements included in this news release concerning predictions of
economic performance and management's plans and objectives constitute forward-
looking statements made pursuant to the safe harbor provisions of Section 21E
of the Securities Exchange Act of 1934, as amended, and Section 27A of the
Securities Act of 1934, as amended.  These statements involve risks and
uncertainties that could cause actual results to differ materially from the
forward-looking statements.  Factors which could cause or contribute to such
differences include, but are not limited to, factors detailed in the
Securities and Exchange Commission filings of the company, economic downturns
affecting the operations of the company or any of its business operations, the
continued availability of financing to fund the company's operations, and the
ability of the company or its investment banker to successfully identify and
reach an agreement on the sale of the company or its operating units.  The
forward-looking statements contained in this press release speak only as of
the date hereof and the company disclaims any intent or obligation to update
these forward-looking statements.