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Featherlite Drops Plan to Acquire Marketing Company

13 August 1997

Featherlite Drops Plan to Acquire Marketing Company

    CRESCO, Iowa, Aug. 13 -- Featherlite Mfg., Inc.
, a leading manufacturer and marketer of specialty aluminum
trailers and luxury motorcoaches, said today that its planned acquisition of
Camp & Associates, Inc., a privately held sports marketing company based in
Concord, N.C., has been terminated.
    In June, Featherlite signed a letter of intent, subject to due diligence
and the completion of a definitive agreement, to acquire the assets of Camp &
Associates, which provides marketing and sports management services in the
motorsports industry.
    Conrad Clement, Featherlite's chairman and chief executive officer, said,
"As the result of the due diligence process, we arrived at the conclusion that
this acquisition would not be in the best interests of both companies and
mutually agreed to terminate negotiations."
    Clement also said that Featherlite will continue to develop
diversification strategies to capitalize on the opportunities that exist in
the rapidly growing leisure and entertainment categories.

    About Featherlite
    Featherlite is the "Official Trailer" of NASCAR, Championship Auto Racing
Teams (CART), Indy Race League (IRL), SPORTSCAR, Automobile Racing Club of
America (ARCA), American Speed Association (ASA) and World of Outlaws
(W.O.O.).  Vantare, Featherlite's luxury motorcoach division, is the "Official
Coach" of NASCAR, IRL and SPORTSCAR.
    Featherlite designs, manufactures and markets high-quality specialty
trailers, including horse, livestock, utility and cargo drop frame vans,
luxury motor coaches, snowmobile and car trailer, and race car transports.
The company offers diversified product lines with more than 400 custom-order
and standard-model specialty trailers through a network of more than 240
full-line and over 600 limited-line dealers in the United States and Canada.
For more information, please visit the Featherlite website at
 http://www.featherlitemfg.com/

SOURCE  Featherlite Mfg., Inc.