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Riviera Tool Company Ranked as Michigan's Ninth Best Performing Stock

12 August 1998

Riviera Tool Company Ranked as Michigan's Ninth Best Performing Stock

    GRAND RAPIDS, Mich., Aug. 12 -- Grand Rapids, Michigan-based
Riviera Tool Company (Amex: RTC) today announced that the Company was reported
as the ninth best performing stock in the state of Michigan between June 30,
1997 and June 30, 1998.  The ranking, as published in the July 27, 1998
Crain's Detroit Business, rated the State's top performing stocks based upon
total points, which are based upon various categories: one-year total return,
net income growth, revenue growth and return on equity from June 30, 1997 to
June 30, 1998.  The Company had the largest increase in net income between
1996 and 1997 of 220.98%.
    "We are honored to be considered one of the best performing stocks in the
state of Michigan this year," Riviera President Kenneth K. Rieth said.  "More
importantly, we are very pleased to have managed to increase our profit
margins during the first three quarters of 1998 while increasing the Company's
book value per common share from $4.75 to $5.61 during this period, which
illustrates our focus towards enhancing shareholder value on an ongoing
basis," added Rieth.
    With respect to General Motors Corporation, the Company, as previously
disclosed, continues to believe that the result of this strike has not had any
negative impact on the short-term or long-term prospects of the Company.
    Riviera designs, develops and manufactures custom large scale metal
stamping die systems used in the high speed production of sheet metal stamped
parts and assemblies for the automobile industry.  Riviera's common stock
trades on the American Stock Exchange under the symbol "RTC."