Universal Automotive Industries, Inc. Announces Termination of Proposed CDR Purchase

    ALSIP, Ill., Feb. 21 -- Universal Automotive Industries, Inc. today announced
that negotiations with Y-3 Holdings, Inc. to purchase the assets of its
California Drum & Rotor Division (CDR) have terminated prior to entry into a
definitive purchase contract.
    This press release contains certain forward looking statements which are
subject to changing competitive and regulatory conditions, risks and
uncertainties.
    Universal Automotive Industries, Inc. is a manufacturer and distributor of
brake rotors, drums disc brake pads, relined brake shoes, wheel cylinders and
brake hoses for the automotive aftermarket.