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.

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