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Hilite Industries Announces Q4 Cash Dividend

10 August 1998

Hilite Industries Announces Fourth Quarter Cash Dividend

    CARROLLTON, Texas, Aug. 10 -- Hilite industries, Inc.
(the "Company" or "Hilite") announced today that the Board of
Directors has approved a 2 1/2 cent per share cash dividend for the fourth
quarter.  The Board of Directors set a record date of August 19, 1998 for the
cash dividend which is expected to be distributed on or about
September 2, 1998.
    Dan Brady, Hilite's Chief Executive Officer, commented: "We are pleased
that the strong earnings in the fourth quarter allows Hilite to continue to
offer a quarterly dividend to our shareholders.  We anticipate that the
quarterly cash dividend program will continue throughout fiscal 1999, but
subsequent quarterly dividends will depend upon future operating results."
    Hilite Industries, Inc. designs, manufactures and sells a diversified line
of highly engineered components and assemblies for the automotive industry
including brake proportioning valves, electromagnetic clutches, machined
components such as mounting brackets and pulleys, and specialty components and
assemblies such as stampings, specialty springs and automated assemblies.  The
Company's customers include all three domestic automotive companies: Ford
Motor Company, General Motors Corporation and Chrysler Corporation as well as
other automotive companies such as Mitsubishi Motor Sales of America, Inc.,
and Navistar International Transportation Corporation.  The Company also sells
products to first-tier suppliers of the automotive industry including
Borg-Warner Corporation, Bosch Braking Systems Corporation, Denso of Los
Angeles, Inc. and ITT Automotive of North America, Inc.
    For further information call Investor Relations at 972-466-0475 or access
Hilite industries, Inc.'s website at http://www.hilite-ind.com.