Ford Extends Purchase Order with Microphonics

2 December 1999

Ford Extends Purchase Order with Microphonics

    NASHVILLE, Tenn.--Dec. 1, 1999--Microphonics (OTC BB: MRPS) today reported that it has received a purchase order extension from Ford Rotunda Equipment and Special Service Tools, the sales and marketing arm of Ford Motor Company. This action provides for an extension through December 31, 2000 of the Ford purchase order. In connection with this purchase order extension, Ford Rotunda has introduced Equipment Solutions, (a division of Snap-on Incorporated), as the facilitator of its sales and marketing efforts for service equipment world-wide. This new relationship provides significant opportunities for increased sales and marketing of Microphonics' products to the global Ford network.
    Jimmy Gayle, CEO of Microphonics, states, "We feel that this extension represents a renewal of Ford Rotunda's approval of the Microphonics product line. The new Equipment Solutions arrangement provides both Microphonics and Ford Rotunda with the opportunity to jointly plan and execute sales and marketing strategies to achieve increased sales and profitability."
    Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "forward-looking statements" for purposes of the safe harbor provided by Section 21E of the Securities and Exchange Act of 1934, as amended by Public Law 104-67 and provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including "anticipate," "believe," "intends," "estimates," "expects," and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.