---

Michigan Rivet Announces Results of Operations For Q3 and 9 Months

26 August 1999

Michigan Rivet Corporation Announces Results of Operations For Third Quarter and Nine Months Ended July 31, 1999

    WARREN, Mich., Aug. 26 -- Michigan Rivet Corporation
announced its results of operations for the third quarter and nine months,
ended July 31, 1999.
    Sales for the quarter ended July 31, 1999 were $11,195,000, up 16.2% from
the same quarter in 1998.  Net income was $447,000 or $.71 per share as
compared to a net income of $73,000 or $.12 per share in the comparable period
a year ago.
    For the nine months ended July 31, 1999, sales were $34,344,000, up 5.6%
from the same period in 1998.  Net income was $1,542,000 or $2.42 per share as
compared to a net income of $1.74 per share in the comparable period a year
ago.
                            Three Months Ended          Nine Months Ended
                                  July 31                    July 31
                             1999         1998          1999         1998

    Net Sales           $11,195,010   $9,634,274    $34,343,856   $32,515,181
    Net Income          $   447,457   $   73,366    $ 1,542,476   $ 1,109,538
    Net Income
     Per Share          $       .71   $      .12    $      2.42   $      1.74

    Michigan Rivet Corporation has been producing specialty fasteners for the
automotive industry since 1949 and is QS-9000 and ISO 9002 registered.  Its
manufacturing facilities are located in Warren and Petoskey, Michigan.
Michigan Rivet Corporation's stock is traded on Michigan Over-the-Counter.