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AimRite Holdings Secures Capitalization for Ride Control Software

12 August 1998

AimRite Holdings, a High Tech Company, Secures Capitalization for Coast Software and Computer Production


    SAN DIEGO--Aug. 11, 1998--AimRite Holdings Corporation (OTC BB:AIMH) is pleased to announce that it has secured sufficient capitalization commitments to cover first year production of its revolutionary production COAST Suspension Control System.
    AimRite's high tech computer and hydraulic subsystem, when combined with its extremely powerful & sophisticated software, is a major technological advancement for the automotive industry. The suspension system, called Computer Optimized Adaptive Suspension Technology (COAST(TM)), is designed to provide safety and give you luxury car ride with sports care performance.
    It accomplishes all this by eliminating conventional shocks and anti-sway bars currently provided on vehicles and making precision and powerful adjustments at each wheel over 400 times per second to optimally control all eight dynamic areas of suspension performance. If the vehicle is equipped with air suspension, COAST will optimally control it, as well.
    AimRite has a website 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.