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InMold Corp. Forms Joint Venture

27 April 1999

InMold Corp. Forms Joint Venture To Strengthen Design and Engineering Capabilities

    TROY, Mich., April 27 -- InMold Corp.
(OTC Bulletin Board: MOLD) and a principal of Bingham Farms, Mich.-based
Design Engineering Services (DES) have established a minority joint venture
company to develop plastic injection molded structural components for car and
light-truck manufacturers.
    The new company-InMold Lukmani Design Technologies, Inc. (ILD)-provides
InMold Corp. with comprehensive engineering services from concept to
production at a systems level.  Nasser Lukmani-who serves as ILD president-
owns 51 percent of the joint company.  Troy, Mich.-based InMold Corp. owns 49
percent.
    As a result of the joint venture, ILD will establish a new engineering
facility in Rochester Hills, Mich., adjacent to InMold Corp.'s GP Plastics
manufacturing plant.  The facility also will accommodate a vehicle teardown
area and a section for component/systems level testing.  The joint venture
allows InMold Corp. to provide a focused effort to its customers from initial
concept through design, prototype, testing and implementation into production.
    "This joint venture brings together the technological and manufacturing
strengths of two companies (InMold Corp. and DES) in order to provide leading
technology components to our customers worldwide," said David Shifflett,
InMold Corp.'s vice president of New Business Development.
    Shifflett continued: "InMold Corp. now has expanded ability to take
leading edge product designs through the entire development cycle -- from
concept to reality."
    Nasser Lukmani, a majority owner of ILD, is a principal of Design
Engineering Services Inc. (DES).  DES was established in 1993 in response to
an increased market demand for comprehensive engineering and design in the
automotive industry.  DES specializes in product design and engineering of
structural components and systems in the automotive industry, including
fixtures and tooling.
    Headquartered in Troy, Mich., InMold Corp. provides highly engineered
components and systems design solutions to the automotive industry, with
injection molding and engineering facilities in southeastern Michigan.  InMold
was formed in 1997 as a public corporation for the purpose of acquiring a
family of injection molding companies.  Later that year, it acquired and
physically consolidated two long-time industry suppliers-GP Plastics, Inc. and
A.E.P. Technologies, Inc., both of Rochester Hills, Mich.