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American Tire Corporation Announces New Technology

22 April 1998

American Tire Corporation Announces New Technology

    RAVENNA, Ohio, April 22 -- American Tire Corporation
announced it has completed the development of a new concept and technology for
the manufacture of a flat free Urethane non-pneumatic tire.  The new product
is unique in its ability to provide the key desirable characteristics of a
pneumatic rubber tire such as rolling resistance and softness of ride and
maintain the good characteristics of the non-pneumatic tire such as being flat
free, maintenance free, easy to mount and improved tread wear.  Marcy Janus,
American Tire Corporation's Manager of Sales, says our major customers are on
edge just waiting for this product.  Roger Fleming, President and Richard
Steinke, Chairman of the Board, who are handling the equipment and startup
financing for American Tire Corporation, have indicated this tire could hit
the market by June of 1998.  Jim Moore, who is responsible for American Tire
Corporation's molding and processing operations, says the chemistry and
processing specifications necessary to make this unique product are complete
and only the processing equipment expected in early May 1998 are required to
begin production.  Derek Bowers, who heads American Tire Corporation's
engineering, says this new and unique tire which is designed to operate in
many ways similar to a belted hoop found in a radial passenger tire but
without the belt will have rolling qualities substantially equal to a
pneumatic tire.  Derek says this is really a unique and significant technical
advance in non-pneumatic foam bicycle tires.
    Roger Fleming says patents are now being filed on this product.  The new
financing packages to support the move from a pre-production company to
production of this new technically advanced product will start becoming
available in May of 1998.

SOURCE  American Tire Corporation