Clarion Technologies Reports First Quarter 2004 Results

GRAND RAPIDS, Mich., April 30 -- Clarion Technologies, Inc. (BULLETIN BOARD: CLAR) today announced financial results for the quarterly period ended March 27, 2004.

Clarion's 2004 sales for the first quarter were $29.6 million versus $22.2 million in the first quarter of 2003. The 33% increase in revenue was driven primarily by an increase in sales through new business opportunities. This has resulted in an increase in operating income of 21% to $1.93 million versus $1.60 million (which includes $0.21 million of restructuring and impairment credits) for the same period in 2003. Clarion's net income from continuing operations for 2004 was $0.81 million versus $0.60 million (which includes $0.21 million of restructuring and impairment credits) in 2003.

Clarion Technologies' President, Bill Beckman, commented, "We are pleased with our first quarter results and expect similar growth and results for the remainder of 2004. Our sales continue to grow with increased opportunities within our core markets and key customers. We will continue to capitalize on the consolidation opportunities within the marketplace and execute our operational plan."

Clarion Technologies, Inc. operates four manufacturing facilities in Michigan, one in South Carolina, and two in Iowa with approximately 170 injection molding machines ranging in size from 55 to 1,500 tons of clamping force. The Company's headquarters are located in Grand Rapids, Michigan. Further information about Clarion Technologies can be obtained on the web at www.clariontechnologies.com or by contacting Mary Asadorian at (616) 233-6680.

               CLARION TECHNOLOGIES, INC. AND SUBSIDIARIES
       CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS  (UNAUDITED)
                  (In thousands, except per share data)

                                                First Quarter Ended
                                         March 27, 2004     March 29, 2003
  Net sales                                  $29,594            $22,180
  Cost of sales                               25,849             18,982
      Gross profit                             3,745              3,198

  Operating expenses:
    Selling, general and
     administrative expenses                   1,815              1,809
    Restructuring and impairment credits           -               (207)
                                               1,815              1,602
      Operating income                         1,930              1,596

  Interest expense                            (1,120)            (1,000)
  Other income, net                                1                  6
      Income before income taxes                 811                602

  Provision for income taxes                       -                  -

      Net income                                $811               $602

      Preferred stock dividends declared      (2,281)            (1,767)
      Accretion of preferred stock to
       mandatory redemption value               (224)              (203)
  Net loss attributable to common
   shareholders                              $(1,694)           $(1,368)

  Average shares outstanding
   (basic and diluted)                        45,101             44,274

  Loss per share attributable to
   common shareholders (basic and diluted)     $(.04)             $(.03)

   (  ) Denotes deduction.