Triple S Plastics' Shareholders Approve Merger With Eimo Oyj; Triple S Announces Results for Quarter Ended June 30, 2001

    PORTAGE, Mich.--Aug. 14, 2001--Triple S Plastics, Inc. announced that at a special shareholders meeting held earlier today its shareholders approved the previously-announced merger with Eimo Oyj. Eimo will hold its special shareholders meeting in the morning (Finnish local time) on August 15, 2001 to vote on the new merger agreement. Triple S expects to complete the merger at the close of business on August 15, 2001. Subject to approval of the merger by the Eimo shareholders, trading of Eimo's ADS's on the NASDAQ National Market is expected to begin on August 16, 2001 under the symbol EIMO.
    Triple S also announced its financial results for the quarter ended June 30, 2001. Net sales for the quarter ended June 30, 2001 were $29,702,000 compared with $32,138,000 for the quarter ended June 30, 2000. Before one-time unusual merger and option exercise charges, the Company reported net income of $498,000 for the quarter ended June 30, 2001 compared with net income of $2,211,000 for the period ended June 30, 2000. One-time unusual charges of $2,887,000 related to the merger and option exercise reduced the first quarter results to a loss of $(2,389,000).
    Mr. Dan Canavan, Chairman, and Mr. A. Christian Schauer, CEO, issued a joint statement extending their appreciation to the Triple S shareholders for their loyal support over the years. Their announcement stated that "...we now begin a new era for our Company and are extremely pleased to join forces with Eimo. Our skills, joined with Eimo's talents, will position the combined Company as a solid provider of services to the markets we serve."
    As a result of the merger, Eimo will be one of the world's leaders in supplying precision parts to the mobile communications industry, with eleven injection molding facilities on four continents.
    Certain matters discussed in this release constitute forward-looking statements, which are necessarily subject to certain risks and uncertainties, and they may change in a material way based upon various markets, industry and other important factors. The Company has identified factors in its current Form 8-K filed with the Securities and Exchange Commission on May 2, 2001 and from time to time identifies factors in its Annual Report on Form 10-K filed with the Securities and Exchange Commission and its other interim reports that may influence future results, and the Company recommends that investors consult those reports. The Company cautions investors that actual results may differ materially from the forward-looking statements contained in this release.