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Daw Announces Acquisition Of Vehicle Suspension Technology

6 October 2000

Daw Technologies, Inc. Announces Acquisition Of Vehicle Suspension Technology

    SALT LAKE CITY, Oct. 5 Daw Technologies, Inc.
announced today it has signed a Letter of Intent with AirStride
LLC and Prestige Holdings to acquire the rights to develop, market, sell,
manufacture and distribute AirStride's patented vehicle suspension technology.
Applications to date for this suspension technology include the billion-dollar
travel, utility and recreational trailer markets.  Upon completion of
preliminary due diligence in approximately 30 days, the matter will be put
before Daw's Board of Directors for final approval.
    Vehicles or trailers to which this technology is applied will have
air-ride quality suspension and will have the unique ability to move up and
down allowing the vehicle to sit on the ground when loading, unloading or in
use once the trailer is in place.  In addition, the unique air-ride suspension
will provide for a smoother ride and ease of towing, eliminating many of the
dangers experienced while towing traditional trailers.
    "What makes this acquisition attractive is the uniqueness of the
technology as well as how closely it fits Daw Technologies' current
manufacturing infrastructure.  This vehicle suspension technology has wide
application in some rapidly growing markets.  The products designed that
integrate this technology could revolutionize these markets.  We are in a
position to essentially begin building this product today with our current
manufacturing capability," stated Ronald W. Daw, President and Chief Executive
Officer.
    Michael J. Shea, newly appointed Executive Vice President in charge of
strategic planning and business development commented, "We are looking closely
at this technology and its potential applications.  We are also looking
closely at the related markets.  This opportunity has extremely good strategic
implications if our due diligence process goes well.  The fit with our current
manufacturing applications makes this very attractive to us.  The end products
will utilize our current metal fabrication technology as well as our paint and
assembly.  Most notably, it will also use our composite panel technology.  If
all goes well, we could be marketing, selling and fabricating products before
the end of this year."