JAC Products Honored with Ford's 2003 World Excellence Award

MADISON HEIGHTS, Mich., May 18, 2004 -- JAC Products received Ford Motor Company's Silver World Excellence Award for its superior performance in 2003.

The World Excellence Awards provide annual recognition based on quality, cost and delivery performance. Forty-two suppliers from 16 countries won awards in various categories.

"Congratulations to JAC Products. Our World Excellence Award winning suppliers play an essential role in helping us deliver quality products to our customers," said Tony Brown, Ford vice president, Global Purchasing.

There are three types of World Excellence Awards -- Gold, Silver, and Recognition of Achievement. The Gold and Silver Awards are given to suppliers that excel in quality, delivery and cost; 12 suppliers won the Gold Award, and 24 suppliers won the Silver Award.

About JAC Products

Founded in 1967, JAC Products, Inc. is a leading designer and manufacturer of original equipment roof racks, supplying vehicles worldwide.

Owned by Citicorp Venture Capital, Ltd., JAC Products manufactures products in the U.S., Germany, Portugal, Argentina, and the U.K. Additionally, JAC owns and operates Mont Blanc(R) (Sweden) and Paddy Hopkirk (England), which manufacture bicycle and ski racks, plus component supplier Franklin Aluminum (Franklin, Georgia). For more information, visit the company's website at www.jacproducts.com .