Universal Automotive, Inc. Named Preferred Supplier
6 October 1998
Universal Automotive, Inc. ("UBP") Named Preferred Supplier For National Buying GroupCHICAGO, Oct. 5 -- Universal Automotive Industries, Inc. , is pleased to announce that its Universal Brake Parts (UBP) unit has been selected as the preferred brake rotor and drum supplier to RPM Group. RPM Group is a national buying group with headquarters in Roanoke, Va., and consists of 21 members with a total of approximately 250 retail parts outlets. The RPM contract is projected to add between $3 million to $5 million sales annually. The contract is for three years provided certain performance goals are met. Arvin Scott, President and CEO, commented, "We are pleased to be selected as the preferred RPM drum and rotor supplier. RPM is a premier retail buying group with a solid, growing membership. RPM and UBP are committed to work together as marketing partners to grow our individual businesses into the next millennium." RPM Group General Manager Michael Mitchell added, "The RPM Group and its Members are committed to providing their customers quality products at competitive prices. Our new relationship with UBP will further enable us to meet this goal. The Members have been quick to embrace this new program and the relationship is off to a running start. We are convinced that this will be a good long term relationship for all parties." The forward looking statements in this press release are subject to a number of factors that may cause actual results to differ materially, including those set forth in the Company filings with the Securities and Exchange Commission. Universal Automotive, with headquarters in Chicago, specializes in the distribution and manufacture of brake rotors and other brake parts, under its private label "UBP - Universal Brake Parts," in the United States and Canada. For further information call contact.