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MS Acquisition Amends 1998 Annual Report And Revises Press Release

10 May 1999

MS Acquisition Amends 1998 Annual Report on Form 10-K And Revises April 15, 1999 Press Release

    CENTERLINE, Mich., May 7 -- MS Acquisition Corp and its
wholly-owned subsidiary, Aetna Industries, Inc. filed an amendment to their
1998 Annual Report on Form 10-K with the Securities and Exchange Commission.
The amendment can be obtained by accessing the Commission's website at
http://www.sec.gov or by contacting the Company at 24331 Sherwood Avenue, Centerline,
Michigan, 48015-0067, Attention: Harold Brown.
    In addition, the following financial information that was reported in MS
Acquisition Corp's press release dated April 15, 1999 has been revised:

    With respect to MS Acquisition Corp:
    The April 15, 1999 press release previously reported the following:
    "EBITDA was $45.2 million for the twelve months ended December 31, 1998,
compared to $63.2 million for the same period in 1997."
    The press release should have stated the following:
    "EBITDA was $49.0 million for the twelve months ended December 31, 1998,
compared to $63.2 million for the same period in 1997."

    With respect Aetna Industries, Inc.:
    The April 15, 1999 press release previously reported the following:
    "EBITDA was $7.9 million for the twelve months ended December 31, 1998,
down $8.9 million from $16.8 million for the same period in 1997."
    The press release should have stated the following:
    "EBITDA was $8.2 million for the twelve months ended December 31, 1998,
down $8.5 million from $16.7 million for the same period in 1997."

    MS Acquisition Corp is a leading full-service supplier of highly
engineered metal-formed components, complex modules and mechanical assemblies
for automotive original equipment manufacturers in Europe and North America.