Advanced Accessory Systems, LLC Reports Third Quarter Results

STERLING HEIGHTS, Mich., Nov. 17, 2005 -- Advanced Accessory Systems, LLC (AAS), today reported results of the Company's third quarter ended September 30, 2005. Net sales for the third quarter of 2005 were $109.2 million, representing an increase of $15.5 million or 16.5% compared with net sales of $93.7 million for the third quarter of 2004. North American OEM sales were up $10.9 million, primarily related to new roof rack program launches. Additionally, towing systems sales to aftermarket customers in both North America and Europe increased $3.7 million during the third quarter compared to the same period in the prior year. Operating income (loss) in the third quarter of 2005 was $(0.9) million representing a decrease of $3.2 million compared with $2.3 million in the third quarter of 2004.

EBITDA defined as net income (loss) adding back the provision for taxes, interest expense, depreciation and amortization of intangible assets on a trailing twelve-month basis as of September 30, 2005 was $24.6 million compared to $28.2 million for the period ending June 30, 2005, down $(3.6).

We are presenting EBITDA (as defined) because management considers this to be an important supplemental measure of the Company's performance. However, EBITDA has limitations as an analytical tool and should not be considered in isolation, or as a substitute for analysis, of the Company's results as reported under GAAP.

Advanced Accessory Systems, LLC held an investor call today, November 17, 2005, at 9:00 a.m. EST to discuss third quarter financial results of its parent company on a consolidated basis. A digital recording of the conference will be available November 17 through December 1, at dial-in-number (888) 266- 2081 or (703) 925-2533 using Access Code 807936.

WHERE CAN YOU FIND MORE INFORMATION?

The SEC Form 10-Q is now available, under the name of Advanced Accessory Holdings Corporation. This report may be inspected and copied at the public reference facilities maintained by the SEC at Room 1024, Judiciary Plaza, 450 Fifth Street, N.W., Washington D.C. 20549. Copies of this material may also be obtained from the public reference facilities of the SEC at prescribed rates. You may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC also maintains a site on the World Wide Web (http://www.sec.gov/) that contains information regarding registrants, including the issuers who file electronically with the SEC.

Advanced Accessory Systems, headquartered in Sterling Heights, Michigan, is one of the world's largest designers and manufacturers of exterior accessories for the automotive Original Equipment Manufacturers market and the aftermarket. AAS believes it is the largest supplier of towing systems in Western Europe and the second largest in the US. In addition, AAS is one of the two largest suppliers of rack systems in both North America and Western Europe. AAS currently operates 32 facilities in North America and in Europe. More information is available at http://www.advancedaccessorysystems.com/ .