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Secom General Retains Investment Banker

8 October 1998

Secom General Retains Investment Banker

    NOVI, Mich. Oct. 8 -- Secom General Corporation
today announced that it has retained the investment banking
firm of Goldsmith, Agio, Helms and Company to explore strategic alternatives
for the Company, including the sale of all or a portion of the Company, a
merger or partnership with another company.  Goldsmith, Agio, Helms and
Company is a nationally recognized investment banking firm specializing in
merger and acquisition transactions.
    Paul D. Clemente, Secom's Vice President, said, "The Company's Board of
Directors feel this is an appropriate time for the Company to explore
strategic options available to it and its shareholders."
    Separate from the above engagement, Clemente said that the Company has
signed a Memorandum of Understanding for the sale of its starter motor
machining production line and expects to close on the sale this month.
Clemente said that the starter motor machining line and related production has
resulted in significant negative cash flow to the Company, which will be
alleviated with this sale.
    Clemente also said that, due to the lower trading value of its common
stock, the Company anticipates its common stock will no longer be quoted on
the Nasdaq National Market System as of the opening on November 16, 1998.  The
Company expects its stock will thereafter be quoted on the OTC Bulletin Board.
    This management's press release includes a number of forward-looking
statements which reflect the Company's current views with respect to future
events and financial performance.  These forward-looking statements are
subject to certain risks and uncertainties that could cause results to differ
materially from historical results or those anticipated.  In this release the
words "expects", "anticipates", "believes" and similar expressions identify
forward-looking statements, which speak only as to the date hereof.
    Secom is a leading supplier of various metal parts and tooling for
primarily the automotive and trucking industries.  Secom operates in two
business segments: (1) metal parts forming, and (2) tooling for the cold/hot
forming industry.  Sales and manufacturing are completed through four
subsidiaries located in the metropolitan Detroit area.