Riviera Tool Reports New Orders

Company books $6 million in fourth-quarter orders

GRAND RAPIDS, Mich., Oct. 22 -- Riviera Tool Company (AMEX:RTC) today reported that it secured more than $6 million in new orders during the fourth quarter of fiscal 2003, boosting its backlog to $26.5 million at fiscal year-end.

The Grand Rapids, Mich.-based designer and manufacturer of stamping die systems said that the new orders are primarily incremental business from existing customers, including work related to Mercedes vehicles. The fourth- quarter orders cap a solid year of new business generated by Riviera, which expects to post sales of approximately $34 million and improved profitability for fiscal 2003, which ended August 31, 2003. The Company will report its fiscal 2003 results in mid-November.

"We are pleased to have ended the fiscal year on a solid note," said Kenneth K. Rieth, president and chief executive officer of Riviera Tool. "Our investments in technology during the past few years have enhanced our capabilities and allowed us to capture new business. Additionally, we are pursuing substantial new business opportunities in the new fiscal year and believe fiscal 2004 will be a strong year.

"Moving forward, the auto industry's growth will be centered on introducing stylish new vehicles that appeal to consumers. Riviera is well positioned to continue to capture new orders for the industry's largest and most complex stamping die systems. We remain focused on capturing additional new contracts and improving our margins in order to maximize shareholder value."

About Riviera Tool:

Riviera Tool Co. (www.rivieratool.com ) designs, develops and manufactures large-scale, custom metal stamping die systems used in the high-speed production of sheet metal parts and assemblies for the global automotive industry. A majority of Riviera's sales are to DaimlerChrysler, BMW, General Motors Corp., Ford Motor Co. and their Tier One suppliers.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this news release include certain predictions and projections that may be considered forward-looking statements under securities laws. These statements involve a number of important risks and uncertainties that could cause actual results to differ materially, including but not limited to economic, competitive, governmental and technological.