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Northport Industries Inc. Signs Three Year Agreement

2 September 1998

Northport Industries Inc. Signs Three Year Agreement With W.E.T. Automotive Systems Ltd.


    DEL RIO, Texas--Sept. 2, 1998--Northport Industries Inc. (OTC BB:PESO) is pleased to announce today that it has entered into agreements to become a preferred supplier to W.E.T. Automotive Systems Ltd. ("W.E.T."). Northport will be supplying electrical harnesses commencing November, 1998. W.E.T. is the largest producer of heated seats to the United States automotive market. W.E.T. supplies 98% of the United States and 52% of the total world market. These harnesses will be produced at the Northport Automotive plant in Ciudad Acuna, Mexico.
    Bob Michelini, president, stated that he was very pleased that the largest producer of automotive heated seats selected Northport to produce this crucial part: the electric harness. "All the work we have done to become a world class supplier is starting to pay off. We will officially obtain our QS 9000 rating in late October. A QS 9000 rating is a world class standard quality rating. This was a major reason for us obtaining this business." Michelini further stated that, "In North America, about 15 million passenger cars and light trucks are produced annually. About 7% of these cars are slated to have heated seats".
    Northport Industries Inc. ("Northport") is engaged through its wholly owned subsidiaries in Maquila (Mexico based) manufacturing for Fortune 500 clients. The Company is an Original Equipment Manufacturer ("OEM") with three divisions: automotive, golf equipment and infant products.
    The Company employs approximately 500 people, including site administration, engineering, materials, quality, prototype and maintenance personnel to compliment an experienced work force. The Company's services range from assembly-only services to full materials procurement and assembly contracts referred to as "turkey" contracts. They frequently work with customers from product design and prototype stages through ongoing production, and providing manufacturing services for successive product generations.
    Except for historical information contained herein, certain matters set forth in this press release are forward-looking statements that are subject to risks and uncertainties, including government regulation and taxation, spending, competition, general economic conditions and other risk factors.