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Glas-Aire Directors Vote to Rescind Cash Dividend

21 April 1999

Glas-Aire Directors Vote to Rescind Cash Dividend

    VANCOUVER, British Columbia--April 21, 1999--The board of directors of Glas-Aire Industries Group Ltd. , a leading designer, developer, manufacturer and marketer of original equipment automotive wind deflector accessories to automobile manufacturers worldwide, has voted to rescind a previously announced 25-cent cash dividend for each share of common stock.
    The directors' decision is subject to approval by vote to be held at the company's 1999 annual meeting.
    For more information on Glas-Aire Industries Group Ltd., look up the company's web site at www.glasaire.com or contact Linda Smith at 303/292-9419.