McLaren Enters Into Financial Alliance with Private Equity Fund

    LIVONIA, Mich., Aug. 14 McLaren Performance Technologies,
Inc. announced today that it has entered into a financial
alliance with EMM Capital Management, LLC (248-614-3262), a Troy, Mich.-based
merchant and investment bank.  The anticipated equity infusion into McLaren
Performance Technologies will be approximately $2 million.
    
    The Livonia, Mich.-based developer and manufacturer of high-performance
automotive systems said EMM Capital Management, LLC (EMM) will support the
capital requirements for McLaren as it continues to accelerate with improved
financial performance and growth initiatives engineered by its new management
team.

    For the first six months of 2001, McLaren Performance revenues have grown
over 13 percent and the Company has reduced overhead expenses to achieve near
positive operational earnings.  McLaren Performance has also expanded its
capabilities and increased its revenue base with the recently completed
acquisition of Dart Machine, Ltd., a high quality specialty machining company
based in Ontario, Canada.