AimRite Holdings Corporation Prepares to Consolidate Its Facilities

12 May 1999

AimRite Holdings Corporation Prepares to Consolidate Its Facilities

    SAN DIEGO--May 12, 1999--AimRite Holdings Corporation is pleased to announce that it will soon be moving into a new, expanded facility that will consolidate AimRite's corporate offices with its development operations. In addition, the facility will: 1) accommodate vehicles that are being provided by Original Equipment Manufacturers (OEM) for installation of COAST(tm) systems, 2) be used for OEM and after-market production, with room for future expansion, and 3) provide space for additional staffing to strategically prepare for the anticipated rapid growth of the company. The facility is an excellent choice because it not only meets our current needs but allows for future expansion.
    COAST (Computer Optimized Adaptive Suspension Technology) is a revolutionary suspension control system that uses Variable Constant Force(tm) to achieve unparalleled ride luxury, safety and performance for virtually all automotive, truck, bus and RV applications and will be the OEM's choice for suspension control 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 needs and (vi) Unexpected challenges to the patents.

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