Elamex Retains FRB - Weber Shandwick as Investor Relations Counsel

    EL PASO, Texas--April 3, 2003--Elamex S.A. de C.V. today announced that in conjunction with plans to expand communications with the investment community, the Company has retained FRB - Weber Shandwick, Financial Communications, the nation's premier firm dedicated to investor relations counsel.
    "Elamex has retained FRB - Weber Shandwick to assist us in communicating our achievements and prospects to key audiences, as well as building our relationships with Wall Street," said Richard P. Spencer, president and chief executive officer of Elamex.
    "We are leveraging our cross-border manufacturing expertise to stabilize and grow certain business units. These strategies, coupled with significant growth prospects for our candy business, present a compelling opportunity for new investors. We believe FRB - Weber Shandwick will be instrumental in helping us to more effectively communicate the scope and value of our businesses and establish greater visibility for Elamex within the investment community."

    About Elamex

    Elamex is a Mexican company with manufacturing operations in Mexico and the United States. The Company is involved in the production of industrial products, metal and plastic parts for the appliance and automotive industries, medical products and food items related to its candy manufacturing and nut packaging operations. Elamex's competitive advantage results from its demonstrated capability to leverage low cost, highly productive labor, strategic North American locations, recognized quality and proven ability to combine high technology with labor-intensive manufacturing processes in world-class facilities.

    This press release includes forward-looking statements that involve risks and uncertainties, including, but not limited to, risks associated with the Company's future growth and profitability, the ability of the Company to increase sales to existing customers and to make sales to new customers, the effects of competitive and general economic conditions and the ability of the Company's own customers to meet their expectations and projections.

    About FRB - Weber Shandwick

    FRB - Weber Shandwick, Financial Communications (www.frbinc.com), the country's leading investor relations firm, with offices in New York, Chicago, Los Angeles and San Francisco, operates as a division of Weber Shandwick, a unit of The Interpublic Group of Companies .
    Weber Shandwick is one of the world's leading public relations agencies, with offices in major media, business and government capitals around the world. Weber Shandwick is a leader in marketing public relations, public affairs and corporate communications counseling, and also provides services in advocacy advertising, market research and visual communications. Find out more at www.webershandwick.com.
    The Interpublic Group of Companies is among the world's largest advertising and marketing services organizations.

    NOTE TO EDITORS: In the company name "FRB - Weber Shandwick," there is a pipe symbol between "FRB" and "Weber Shandwick." It was replaced with a hyphen for transmission purposes only.