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Glas-Aire Declares 25-Cent Cash Dividend

12 April 1999

Glas-Aire Declares 25-Cent Cash Dividend

    VANCOUVER, British Columbia--April 12, 1999--Glas-Aire Industries Group Ltd. , a leading designer, developer, manufacturer and marketer of automotive wind deflector accessories to automobile manufacturers worldwide, announced today a 25-cent cash dividend for each share of common stock.
    The dividend will be paid on May 7 to shareholders of record at the close of business on April 23.
    Based upon a review of the company's preliminary financial statements, the board of directors believes Glas-Aire will show substantial profits for its fiscal year ended Jan. 31 and that a cash dividend is in the best interest of its shareholders, said Ed Ting, chairman of Glas-Aire.

    For more information on Glas-Aire Industries Group Ltd., look up the company's web sight at www.glasair.com or contact Chris G. Mendrop at (303) 292-9077.