$250 Million in Annual Sales for AimRite Holdings `COAST' Suspension System.SAN DIEGO--(BUSINESS WIRE)--June 15, 1999-- AimRite Holdings Corporation (Nasdaq/BB:AIMH AIMH Amelia Island Museum of History (Florida, USA) ) is pleased to announce that it has now penetrated into virtually all categories of land surface vehicles with recent negotiations from a major OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and agricultural tractor manufacturer. AimRite is currently building limited production COAST(tm) suspension control systems that have all been allocated to OEM manufacturers for evaluation and documentation. These COAST applications now cover light truck and sport utility vehicles This page lists sports utility vehicles currently in production (as of April 2007), as well as past models. The list includes crossover SUVs, Mini SUVs, Compact SUVs and other similar vehicles. , heavy duty truck, bus and motor coaches, recreational vehicles, agricultural vehicles, military applications and major shock absorber shock absorber, device for reducing the effect of a sudden shock by the dissipation of the shock's energy. On an automobile, springs and shock absorbers are mounted between the wheels and the frame. manufacturers. In addition, serious inquiry from a major European automobile and truck manufacturer is under review. Pending joint ventures have been tentatively approved for some of the above, with specifics to follow soon. Customers have requested that AimRite refrain from publicly disclosing who they are and specific vehicle applications to ensure a technological edge over their competitors. AimRite expects to obtain production contracts with its current customer base mentioned above, which may result in sales for COAST-systems exceeding $250 Million in annual sales. The projected 5 year forecast for AimRite could approach or exceed an estimated $1 Billion in annual sales. AimRite is also pleased to announce that it is now preparing additional patent applications on the final production design of the COAST technology. These patents will not only protect the proprietary COAST hardware, but will also cover the extensive and very sophisticated control algorithms. The new applications are expected to protect the COAST system for up to an additional 20 years. COAST (Computer Optimized Adaptive Suspension Technology) is a revolutionary suspension control system that uses Variable Constant Force(tm) to achieve unparalleled ride luxury, safety and performance for virtually all automotive, light truck, heavy duty truck & bus, RV and now agricultural applications and will be the OEM's choice for suspension control well into the next millennium. AIMRITE HAS A WEBSITE THAT CAN BE VISITED AT WWW WWW or W3: see World Wide Web. (World Wide Web) The common host name for a Web server. The "www-dot" prefix on Web addresses is widely used to provide a recognizable way of identifying a Web site. .AIMRITE.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. This release is intended as a forward-looking statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to (i) The ability to produce the COAST Suspension Technology in the future, (ii) Unexpected changes in the suspension market, (iii) The success of the Company's expansion and marketing strategies (iv) Competition with conventional suspension systems (v) The ability of the Company to motivate and retain the services of its key personnel and hire additional qualified personnel to meet evolving staffing needs and (vi) unexpected challenges to the patents. |
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