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AimRite President Passes -- Board to Select New CEO

12 January 2000

AimRite President Passes -- Board to Select New Chief Executive Officer Following General Motors Testing and Meeting With Major Automotive Parts Manufacturer

    SAN DIEGO--Jan. 12, 2000--AimRite Holdings Corporation (OTCBB:AIMHE) announced the passing on January 3, 2000 of its President Dr. Kenneth P. Coleman. A private family burial was held January 7, 2000.
    Dr. Coleman was President of AimRite Holdings from 1995 until his death. The Secretary, Ms. Mary Kay Koldeway Coleman and the Chief Financial Officer, Mr. Richard Stanczyk continue the day-to-day executive management of the company until the selection of a new President. The Board has announced that it will make its selection following evaluation of the second General Motors demonstration on January 11, 2000 and series of meetings to be held with a major automobile parts manufacturer on January 13-14, 2000.
    AimRite received two vehicles supplied by General Motors, a Yukon and a Blazer for installation of the COAST system. The Yukon was evaluated by General Motors during its visits in December 1999 and January 11, 2000. General Motors will be returning to AimRite during the last week of January 2000 to select either the Yukon or the Blazer for further testing of the COAST system at its GM Desert Proving Grounds in Arizona during the month of February 2000.
    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.