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National-Standard Company Announces Merger with NS Acquisition Corp.

25 September 2000

National-Standard Company Announces Merger with NS Acquisition Corp.

    NILES, Mich., Sept. 22 National-Standard Company
(Amex: NSD) announced today that NS Acquisition Corp. has successfully merged
with and into National Standard Company, effective on September 22, 2000.
    Pursuant to the merger, each share of National-Standard Company common
stock has been converted into the right to receive $1.00 in cash, other than
shares held by The Heico Companies, LLC (the parent of NS Acquisition Corp.),
National-Standard Company or any of their respective subsidiaries.  Payment of
such amount will be made upon presentation of certificates representing shares
of National-Standard Company common stock to the transfer agent for the
merger, together with a properly completed letter of transmittal.  National-
Standard Company's transfer agent will forward to shareholders detailed
instructions regarding how to surrender their share certificates in order to
receive the $1.00 per share merger consideration.  As a result of the merger,
National-Standard Company is wholly owned by The Heico Companies, LLC and is
no longer publicly traded.