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Michigan Rivet Corporation Explores Strategic Alternatives

29 June 2000

Michigan Rivet Corporation Explores Strategic Alternatives

    WARREN, Mich. - Michigan Rivet Corporation, a manufacturer of specialty 
metal fasteners, announced today that it has retained TM Capital Corp., a 
private New York-based investment-banking firm, as its financial advisor in 
connection with the evaluation of its strategic alternatives.

    Michigan Rivet Corporation's President, William P. Lianos, commented "Over
the last several years, Michigan Rivet has shown significant progress towards
its plan to establish an improved market position, streamlined operations and
stronger financial performance.  In order to build on these improvements, for
the benefit of all the Company's stockholders, Michigan Rivet's Board has
asked TM Capital to provide advice on how best to maximize the value of the
Company."

    Michigan Rivet Corporation is a manufacturer of steel fasteners,
principally for the automotive industry.  The Company's products are
manufactured to customers' designs and specifications through wire drawing,
cold extrusion, cold heading and certain secondary machining operations.