Starcraft Announces $2 Million Tecstar Contract Award; Tecstar Capacity Growing in Texas and Canada

    GOSHEN, Ind.--Oct. 14, 2002--Starcraft Corporation announced today that Tecstar, LLC, its tier 1 OEM automotive manufacturing joint venture, was awarded a $2 million contract by General Motors to produce ZRX upfit packages for GMC Sonoma midsize pickup trucks. Tecstar will support this program from its existing production facility in Shreveport, La., where it also provides upfit packages for Chevrolet S-10 "Xtreme" pickups.
    Starcraft also said that Tecstar has completed its move to expanded facilities in Grand Prairie, Texas. In July 2002, Tecstar announced it would double its production capacity in Texas to a total of 192,000 square feet. The expansion accommodates growth in demand for upfit packages for Chevrolet Suburban and Tahoe sport-utility vehicles.
    In addition, the company indicated that Tecstar is on track to begin production from its new facilities in Oshawa, Ontario, before the end of the year. Tecstar will provide upfit enhancements for Chevrolet Silverado pickup trucks from this facility. The upfit enhancements include exterior graphics, custom wheels, special ground effects and other styling features.
    "This new contract and our business expansions are strong evidence of Tecstar's ability to compete and be a leader in the OEM Automotive Supply business," said Kelly L. Rose, Starcraft's Chairman, CEO and President. "In conjunction with our partners at Wheel-to-Wheel, we expect to continue to grow this exciting part of our business."
    Starcraft Corporation, through its ownership interest in Tecstar, LLC is a leading supplier to the OEM automotive supply market. It also supplies after-market parts and accessories and cargo trailers to wholesale and retail customers throughout the United States.

    This news release contains forward-looking statements regarding Starcraft's business operations. Investors are cautioned that actual results may differ materially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, level of customer demand, competitive pressures and other important factors detailed in the Company's Form 10-K for fiscal 2001 filed with the Securities and Exchange Commission.

    For additional information call Timothy L. Burke, Chief Financial Officer at 574/533-1105, or Bill Roberts or Wayne Buckhout of CTC Inc., investor relations counsel 937/434-2700.