T.J.T., Inc. Names New Managers in Arizona, California

    EMMETT, Idaho--June 7, 2002--T.J.T., Inc. (OTCBB:AXLE:BB), a recycler of axles and tires and wholesale distributor of O.E.M. parts and aftermarket material to the manufactured housing industry, is adding operating management depth at the corporate level.
    In addition, the company has hired general managers with vast industry experience for its Arizona and California operations.
    At the corporate level, Michael Godfrey becomes operations manager and will be responsible for four of T.J.T.'s six plant facilities located in Centralia and Woodland, Wash.; Phoenix, Ariz. and Platteville, Colo. Operations in Emmett, Idaho and Eugene, Ore. continue to report to Terrence Sheldon, T.J.T. president and chief executive officer.
    Godfrey, a 28 year veteran in manufactured housing management, spent the majority of his career with Kit Manufacturing in Caldwell, Idaho. He has been an operations consultant to T.J.T. since 2001.
    "This operational realignment and addition of Mike to the management team, is part of our ongoing effort to improve operations," said Sheldon. "We are particularly focusing on getting the most out of our operations in the slow economic environment for the manufactured housing industry. And, when the industry does pick up, we will be one step ahead."
    Named as general manager for the Arizona facility is William Bleck. His background in the manufactured housing industry includes a stint as general manager of American Homestar's facility in Vicksburg, Miss. as well as positions with Kaufman & Broad. He replaces Rick Treadwell who is retiring.
    Joining T.J.T. as manager of the company's northern California operation in Woodland is Thomas Tyree. He brings 25 years of industry experience, having worked for Champion Enterprises in a variety of management roles.
    "We're thrilled to have both Bill and Tom join us," said Sheldon. "They have solid industry knowledge and an understanding of our customer base that is unparalleled in T.J.T.'s history."
    The company also announced that Norman Holloman will be taking on an expanded role as sales manager currently at the Woodland operation.

    Established in 1977, T.J.T. is a wholesale distributor of O.E.M. parts and aftermarket materials to the manufactured housing industry and the largest recycler and supplier of manufactured home axles and tires in the western United States. The company operates recycling facilities in Idaho, Washington, Oregon, California, Colorado and Arizona and serves customers in 14 Western states.

    This release contains certain forward-looking statements, which are based on management's current expectations including, but not limited to, general economic conditions, changes in interest rates, deposit flows, real estate values and competition, changes in accounting principles, policies or guidelines, changes in legislation or regulations, and other economic, competitive, governmental, regulatory and technological factors affecting the company's operations, pricing, products and services.