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AimRite Holdings Corporation Receives Formal Request from Global Supplier

21 May 1999

AimRite Holdings Corporation Receives Formal Request from Global Supplier

    SAN DIEGO--May 21, 1999--AimRite Holdings Corporation is pleased to announce that one of the largest producers of shocks and struts in the world has become aware of advancements in the development of AimRite's COAST suspension control technology and has formally requested a vehicle equipped with a COAST system for their evaluation.
    This company is a global supplier of ride control products to nearly every automotive Original Equipment Manufacturer (OEM) in the world. According to Dr. Ken Coleman, president of AimRite, "Based on the interest at this level for the COAST system, we believe that AimRite has exciting future prospects for global manufacturing and distribution."
    AimRite also disclosed that substantial additional funding has been received that will allow AimRite to expand its opportunities in providing COAST systems to major OEM vehicle manufacturers and global suppliers of automotive systems. Based on identified customers, AimRite expects to achieve over $100 million in annual sales within 3 years and is now positioned to become a leading manufacturer in the automotive, truck and bus computer controlled suspension industry.
    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 staffing needs and (vi) unexpected challenges to the patents.