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Delphi Appoints Grant Automotive Group as Canadian Aftermarket Representatives

25 October 2000

Delphi Appoints Grant Automotive Group as Canadian Aftermarket Representatives

    TORONTO--Oct. 25, 2000--Spectre Industries, Inc. (OTCBB:STND) announced that their wholly owned subsidiary, Grant Automotive Group, Inc. ("Grant Auto"), has been appointed by Delphi Aftermarket Operations as the exclusive sales representatives for the Canadian Aftermarket.
    Delphi Aftermarket Operations is a newly created division of Delphi Automotive Systems, the largest supplier of automotive components and systems to the world's Original Equipment Manufacturers (OEMs). Delphi recently reorganized its global aftermarket operations into this new division focused on growing its operations in the aftermarket.
    "Our successful introduction into the European aftermarket at the 1999 Paris Equip'Auto Show laid the groundwork for Delphi to bring its aftermarket operations business to Canada," said Frank Ordenz, general manager, Delphi Aftermarket Operations. "The replacement parts market is very strong and we recognize an excellent opportunity to launch our aftermarket business in Canada."
    "After carefully reviewing all of the available representation opportunities for Delphi to support our launch into Canada, we selected Grant Automotive Group based on their proven ability to meet their manufacturers' distribution objectives," said Cle Smith, manager, Delphi Aftermarket Canada.
    With 179 manufacturing facilities, 31 technical centers and about 16,000 engineers worldwide, Delphi has the manufacturing capabilities, technological expertise, global distribution network and reputation for product quality to become a major player in the aftermarket. Delphi already produces a broad portfolio of aftermarket products that accounted for sales of $2.1 billion in 1999, and expects to steadily increase its share of the aftermarket through acquisition and internally generated growth.

    This release contains certain forward-looking statements which involve known and unknown risks, uncertainties and other factors not under the Company's control which may cause actual results, performance, achievements of the Company to be materially different from the results, performance of expectations implied by these forward-looking statements. These factors include, but are not limited to, the limited liquidity and the limited operating history of the Company.