SK HAND TOOL EXPANDS ASA PROGRAM FOR 2004

PENDLETON,  Ind.  (January  29,  2004)  -  S K  Hand Tool  Corporation  has  reached  an
agreement to continue as the "Official Hand Tool" of the ASA National Tour for 2004. In
addition,  the  McCook,  Ill.,  based  company  will  sponsor  the ASA  National Tour  season
opening event at USA International Speedway in Lakeland, Fla., on Saturday, March 27.
The S K Hand Tool 200 will mark the start of the 37th season of stock car racing for the
American Speed Association and will be televised live on Speed Channel.

"ASA is proud to have S K Hand Tool as a partner and I'm thrilled for our competitors
with  the  very  tangible  awards  posted  for  each  event,"  said  Mark  Gundrum,  ASA
executive   vice   president   of   sales/marketing.   "I   believe   that   last   year   both   sides
overproduced with regards to support and exposure. Our staff genuinely looks forward
to working with S K Hand Tool once again this season."

The  series  sponsorship  program  includes  a  newly  added  special  award  for  the  Crew
Chief  of  the  Race  and  Crew  Chief  of  the Year. The  single  event  winner  will  receive  a
$500 S K Hand Tool certificate, while the season-long designee will be awarded a tool
box and set valued at $6,500.

"We  are  pleased  with  our  association  from  last  year  with  ASA  as  the  awareness
generated through the program has been notable," said Michele Moulin, president/CEO
of S K Hand Tool. "Motorsports is an ideal platform to expose S K Hand Tool. Bringing
our name to the important Florida markets should further these efforts."

Founded in 1921, S K Hand Tool Corporation is a leading manufacturer of professional
hand tools for automotive and industrial assembly as well as maintenance, production
construction and trades applications. S K's main product lines include ratchets, sockets,
impact  tool,  wrenches,  screwdrivers,  pliers,  hammers,  punches,  chisels,  pry  bars  and
tool storage solutions. For additional information, visit skhandtool.com.

The American Speed Association is based in Pendleton, Ind., and has offered stock car
racing programs since 1968, including the ASA National Tour, ASA Late Model Series
and ASA Member Track programs. For additional information, visit asaracing.com.