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AimRite Satisfies OTC-BB Listing Requirements

4 August 1999

AimRite Satisfies OTC-BB Listing Requirements

    SAN DIEGO--Aug. 4, 1999--AimRite Holdings Corporation (OTC BB:AIMHE) has announced that it has satisfied the current OTC-BB listing requirements.
    Unfortunately the SEC and the NASD have not officially recognized the recent SEC filings submitted by AimRite. This has caused AimRite's common stock to be temporarily de-listed from the OTC-BB exchange. AimRite stock currently trades on the Pink Sheets under AIMH. The common stock will re-list on the OTC-BB exchange immediately following the receipt of a comment letter issued by the SEC.
    This unfortunate circumstance has caused a temporary-listing problem for AimRite common stock, but AimRite will remain focused on the manufacturing and installation of its COAST(TM) suspension system. AIMH expects to receive the first shipment of COAST(TM) hardware and software very soon, and will begin to install the systems following the receipt of those components.
    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 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.