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Delco Remy International Announces Partnership With PointGlobal

24 August 2000

Delco Remy International Announces Partnership With PointGlobal

    ANDERSON, Ind., Aug. 24 Delco Remy International, Inc. , announced today that it has signed
a letter of intent to partner with and invest in PointGlobal, an e-commerce
business-to-business enabler headquartered in Indianapolis, Indiana, to
strengthen sourcing and procurement activities of the Anderson-based auto
components manufacturer.
    PointGlobal links original equipment manufacturers (OEMs) with
pre-qualified suppliers of high-volume engineered parts worldwide while
managing the entire transaction process.  Utilizing new and emerging
technologies, including the Internet, PointGlobal has developed a business
model that is attractive to manufacturers seeking to make their sourcing and
procurement operations more efficient while dramatically reducing costs and
improving quality.  In the landscape of business-to-business e-procurement,
PointGlobal is poised to be a major player in the high-volume engineered parts
arena.
    The company's e-commerce site, http://www.pointglobal.com , is scheduled to
launch in October of 2000.
    "PointGlobal has developed a business model to help companies like Delco
Remy find pre-qualified suppliers, using a highly-efficient web-enabled
sourcing platform.  Delco Remy's participation as well as participation of
several other large manufacturing companies, validates that business model,"
according to PointGlobal President and Chief Executive Officer Mark W.
Kenczyk.
    Mark Kenczyk was Vice President of Global Purchasing for Delco Remy until
June, 2000.  Before joining Delco Remy, Mark was the Vice President of North
American Purchasing and Logistics for Philips Electronics NV, and was
responsible for the Graner Company, the overseas logistics subsidiary of
Philips.  Prior to Philips, Kenczyk held various executive positions with
General Motors, including one where he was responsible for the development and
implementation of Isuzu's global purchasing initiative based in Isuzu's Tokyo
headquarters.
    "The PointGlobal enterprise converts many of our global sourcing
techniques to an e-commerce supported model," said Delco Remy International
Chief Executive Officer Thomas J. Snyder.  "Our aggressive global sourcing
activity can now generate additional savings with the enhancement of these
e-business tools.  We expect other Tier I and Tier II OEM's to benefit, not
only from our experience, but also from the power of the PointGlobal concept."
    The primary source of funding for PointGlobal originated from Gazelle
TechVentures.  In addition, PointGlobal has selected Onex, based in
Indianapolis, as its information technology and e-business end-to-end
solutions partner.

    About PointGlobal, Inc.
    PointGlobal is a business-to-business enabler bringing together buyers and
suppliers of high-volume engineered parts and allowing them to transact
business globally.  Its primary markets include automotive, heavy-duty truck
equipment, and household durable goods.  PointGlobal, formed in the Fall of
1999, is headquartered in Indianapolis, Indiana and was funded by Gazelle
TechVentures of Indianapolis in May of 2000.

    About Delco Remy International, Inc.
    Delco Remy International, Inc., headquartered in Anderson, Ind. (USA),
became a public company in 1997. The Company designs, manufactures,
remanufactures and distributes electrical, powertrain/drivetrain and related
components and provides core exchange services for automobiles and light
trucks, medium- and heavy-duty trucks and other heavy-duty and industrial
applications.  Products include starter motors, alternators, engines,
transmissions, torque converters, fuel systems and traction control systems.
The Company serves the aftermarket and original equipment manufacturer market,
principally in North America, as well as Europe, Latin America and Asia
Pacific. More information is available on the Company web site at
http://www.delcoremy.com .

    Statements in this press announcement, which are not historical fact, are
forward-looking statements that involve certain risks and uncertainties
including, but not limited to risks associated with the uncertainty of future
financial results, acquisitions, additional financing requirements,
development of new products and services, the effect of competitive products
on pricing, the effect of economic conditions and other uncertainties detailed
in the Company's filings with the Securities and Exchange Commission.