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AimRite Holdings Corporation Approves Project with General Motors

5 May 1999

AimRite Holdings Corporation Approves Project with General Motors

    SAN DIEGO--May 5, 1999--AimRite Holdings Corporation is pleased to announce that it has approved a project proposed by a division of General Motors . Lonnie Woods, Executive Director of COAST Operations stated, "We are very pleased to have the opportunity to work with GM on this exciting project. Further details will be released in the near future."
    AimRite also disclosed that additional funding has been received to build and premier COAST suspension control systems for targeted major automobile manufacturers to evaluate. Further, AimRite has received a formal request from a major OEM manufacturer of heavy duty trucks. The request is to apply COAST to a vehicle for evaluation and production planning. According to Jim Hamilton, Director of Engineering, "Computer simulations for this customer's heavy duty truck application have verified that COAST can provide substantial performance, comfort and safety improvements for their vehicles."

    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.