The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

AimRite Holdings Prepares to Unveil Its Production Coast Unit

15 July 1998

Power, Safety & Control -- AimRite Holdings Prepares to Unveil Its Production Coast Unit and Is Obtaining Additional $2M


    SAN DIEGO--July 15, 1998--AimRite Holdings Corp. (OTC BB:AIMH) announced that the final production COAST hydraulic suspension control unit will be unveiled next week in a color photograph to be distributed in a press release, both nationally and internationally.
    The COAST suspension control system provides more power, safety and control of a vehicle than has ever been realized and represents millions of dollars and years of research and development. The photograph will be the first time that AimRite has revealed the production COAST hydraulic suspension control unit for both public and industry review.
    Dr. Coleman also stated that AimRite is negotiating with Fountainhead Global Trust to provide up to $2 Million for the acquisition and capitalization of its assembly plant. According to Dr. Ken Coleman, President, the facility will include corporate offices, engineering and sales offices and provide facilities for final product assembly, quality control, packaging and shipping.
    The COAST(TM) (Computer Optimized Adaptive Suspension Technology) suspension control system uses Variable Constant Force(TM) to achieve unparalleled ride luxury and performance for virtually all automotive applications.
    AimRite has a Web site that can be visited at www.aimrite.com.


    This release is intended as a forward-looking statement within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to (i) The ability to produce the COAST Suspension Technology in the future, (ii) Unexpected changes in the suspension market, (iii) The success of the Company's expansion and marketing strategies, (iv) Competition with conventional suspension systems, (v) The ability of the Company to motivate and retain the services of its key personnel and hire additional qualified personnel to meet evolving staffing needs, and (vi) unexpected challenges to the patents.