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Featherlite Drops Deal

14 August 1997

Featherlite Manufacturing announced yesterday that it's plan to acquire the marketing firm, Camp and Associates, has been dropped.

Featherlite, last June, signed a letter of intent with Camp and Associates pending approval of due diligence.

Featherlite's chairman Conrad Clement said, "As a result of the due diligence process, we arrived at the conclusion that this acquisition would not be in the best interest of both companies and mutually agreed to terminate negotiations."

Featherlite Manufacturing provides trailers and coaches for the racing industry and is the official trailer NASCAR, CART. IRL and others.

Camp and Associates handles public relations matters for Bobby Labotne's Winston Cup and Bush operations and Shell Racing, among others.

Mike Snow -- The Auto Channel