Aimrite Receives Funding for COAST

21 April 1999

Aimrite Receives Funding for COAST

    SAN DIEGO--April 21, 1999--Aimrite Holdings Corporation , is pleased to announce that $300,000 was received into the company last week. This first phase funding will be directed to three of the company priorities: 1) to manufacture a COAST electronic suspension control system for after market purposes, 2) the production of a COAST equipped vehicle for demonstration sales, and 3) Aimrite will select one to three major automotive and truck manufacturers to document and introduce COAST into their market.
    COAST is a unique and revolutionary electronic suspension control system which dramatically improves the safety, performance, and ride comfort of any automobile, truck or bus. COAST's high technology accomplishes all this by eliminating conventional shocks and anti-sway bars and replacing them with simple, but patented and powerful hydraulic suspension control units. The units incorporate extremely powerful and sophisticated patented software to make precision adjustments at each wheel 400 times per second. The result is a electronic control suspension system that can optimally control up to nine dynamic areas of suspension performance; including roll, pitch, body motions, wheel motions, and bottoming/topping out. We believe COAST to be the most powerful and flexibility suspension control system ever produced. And with little or no direct competition, COAST will be a leader well into the next millennium.

    AIMRITE HAS A WEBSITE 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 (i) The ability to produce the COAST Suspension Technology in the future, (ii) Unexpected changes in the suspension market, (iii) The success of the Company's expansion and marketing strategies (iv) Competition with conventional suspension systems (v) 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 (vi) Unexpected challenges to the patents.

FOR FURTHER INFORMATION ON AIMRITE HOLDINGS CORPORATION CONTACT: Prima Capital-Corporate Communications (800) 600-8599