COAST Suspension System Could Save Insurance Industry Millions

25 March 1999

COAST Suspension System Could Save Insurance Industry Hundreds of Millions of Dollars in Claims Annually

    SAN DIEGO--March 25, 1999--The development of a revolutionary computer controlled suspension system for the automotive, truck and bus industry has been the dedicated direction for AimRite Holdings Corporation for the last six years.
    Now completed, the system called COAST (Computer Optimized Adaptive Suspension Technology) is a revolutionary advancement in suspension control that replaces conventional shock absorbers with computer controlled devices to dramatically improve both on- and off-road performance, comfort and safety of vehicle. COAST optimally controls up to nine dynamic suspension parameters over 400 times per second. These parameters include body motion, wheel motion, roll, pitch and bottoming out, as well as several others. In particular, the powerful pitch and anti-roll control capabilities of COAST can improve vehicle safety by reducing stopping distances, matching bumper heights dynamically in crashes and assisting in the prevention of rollover problems associated with SUVs. This could save hundreds of millions of dollars in claims and injuries annually.
    The COAST technology (covered by issued and pending patents) has an extensive customer base of both OEM and after-market vehicles, including SUVs, luxury vehicles, motor homes, trucks, buses and military vehicles. Based on identified customers AimRite expects to achieve over $100 million in annual sales within three years and is now positioned to become a leading manufacturer in the automotive, truck and bus computer controlled suspension industry.
    With many OEM automotive and truck manufacturers waiting for such a system to become available, AimRite is now ready to manufacture with no direct competition. COAST will be the first on the market with its patented cutting edge technology. Due to high interest in COAST, AimRite is in the process of choosing strategic partners in the automotive industry to introduce this powerful technology to the world.

    AimRite has a Web site 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 (1) The ability to produce the COAST Suspension Technology in the future, (2) Unexpected changes in the suspension market, (3) The success of the company's expansion and marketing strategies, (4) Competition with conventional suspension systems, (5) 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 (6) Unexpected challenges to the patents.