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AimRite Holdings Corporation Receives Joint Development Proposal

14 July 1999

AimRite Holdings Corporation Receives Joint Development Proposal

    SAN DIEGO--July 14, 1999--AimRite Holdings Corporation (OTCBB:AIMHE) is pleased to announce that it has received a joint development proposal from a major manufacturer of heavy duty vehicles. This proposal includes financial, personnel, and facility resource commitments from the manufacturer. In addition, the manufacturer has requested up to seven years exclusivity on specific vehicle applications. Although the customer has requested confidentiality in all area including their name, more details will be released in the near future. The manufacturer firmly stated that "they are excited about this product and look forward to a long-term business relationship with AimRite Holdings." According to Dr. Ken Coleman, President of AimRite, "This is an exciting proposal for AimRite along with the many pending contracts expected for the COAST(TM) suspension control system."
    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. COAST accomplishes all this by eliminating conventional shocks and anti-sway bars and replaces them with simple, but patented and powerful hydraulic suspension control units. The units incorporate extremely powerful and sophisticated patented software to make precision adjustments at each wheel 400 times per second. The result is an electronically controlled suspension system that can optimally control up to nine dynamic areas of suspension performance; including roll, pitch, body motions, wheel motions and bottoming/topping out. AimRite believes that COAST is the most powerful and flexible suspension control system ever developed. And with little or no direct competition, COAST will be sought after well into the next millennium.
    AIMRITE HAS A WEB SITE 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.