Cadence Innovation Launches New Growth Strategy and Signs Jefferies & Company, Inc.

STERLING HEIGHTS, Mich., Feb. 9, 2006 -- Cadence Innovation, a billion dollar Sterling Heights-based automotive supplier, has retained Jefferies & Company, Inc., a global investment bank and institutional securities firm headquartered in New York, to act as growth and expansion advisors. As Cadence Innovation pursues its growth strategy, Jefferies will identify and evaluate merger and acquisition opportunities and, if necessary, assist Cadence Innovation in the raising of additional capital.

"Our strategic plan includes aggressive goals that will be achieved through a combination of organic and acquisitive growth. The current environment, particularly the consolidating supply base in the automotive supply sector, provides an increasing number of growth opportunities," said Jerry L. Mosingo, President and Chief Executive Officer of Cadence Innovation.

"Our business continues to be strong, and we want to be poised to pursue any opportunities through the unique combination of our current owners, management team and Jefferies. If that means we need to acquire other businesses or facilities, the Jefferies relationship will enable us to be ready to move quickly to meet the growth needs of current and prospective customers," Mosingo said.

Cadence Innovation offers innovative design, engineering, manufacturing, assembly/sequencing solutions for interior and exterior components, systems and modules in four areas -- instrument panels and cockpits, painted exteriors (including modules), doors/door modules and cargo management systems. The company has over 6,000 employees in 24 facilities in the U.S., France and the Czech Republic and supplies its automotive components and modules to auto manufacturers globally.