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Total Liquidation of Boyds Wheels, Inc.

1 June 1998

Total Liquidation of Boyds Wheels, Inc. Physical Assets to Take Place During Unprecedented Three-Day Public Auction

                    Boyds in Merger Talks with Competitors

    STANTON, Calif., June 1 -- A liquidation of substantially all
of the physical assets of Boyds Wheels, Inc. will take place during a public
auction June 3, 4, and 5 at 10:00 a.m. held on-site at 8380 Cerritos Avenue in
Stanton.  This sale comes by order of the U.S. Bankruptcy Court.
    The auction is unprecedented in the wheel and related industries according
to Adam Reich, senior vice president and partner of Hackman Capital Partners
LLC -- an asset recovery firm and one of the entities managing the auction.
The auction is expected to attract a world-wide audience for both its
magnitude, and its timing following the ever-popular Indianapolis 500 race.
    All Boyds Wheels assets including billet and other wheel rim inventory,
machinery, custom Harley Davidson and Boyds' Speedster motorcycles, Boyds
sportswear and office equipment are among the items for sale.
    The auction comes as a result of the recent Chapter 11 filing of Boyds
Wheels, Inc. in January and part of its reorganization plan.
    "The purpose of the auction is to drastically restructure the company by
eliminating a substantial portion of its fixed assets," says Jeffrey Golden of
Albert, Weiland & Golden, LLP, bankruptcy counsel to Boyds.
    Boyds has been evaluating the merits of several offers that it has
received from competitors and others to acquire the remaining assets of the
company, including intellectual property and wheel designs, through a merger.
    Boyds Wheels, Inc. posted substantial losses last year when its sales
plummeted to $16 million from its highest year in sales of $27.9 million in
1996.  The downfall is blamed on a slump that hit the market after Boyds spent
millions on expanding its manufacturing facilities.  After an intensive review
of the environment and the company's operations, its Board of Directors
determined that a major reorganization and Chapter 11 filing was necessary.
    Founded in 1988, Boyds Wheels, Inc. designs, manufactures and markets
high-quality aluminum wheels and related products for the specialty automotive
and motorcycle aftermarkets.
    For more information on the auction please call Hackman Capital Partners
at 310-473-8900 x122.