AimRite Holdings Corp. Announces Production Plans for Revolutionary Suspension Technology.SOLANA BEACH, Calif.--(BUSINESS WIRE)--Feb. 25, 1998--AimRite Holdings Corp. (AimRite) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AIMH AIMH Amelia Island Museum of History (Florida, USA) ) announced today that it plans to commence the manufacturing of its revolutionary computer controlled suspension technology, COAST (Computer Optimized Adaptive Suspension Technology). COAST is a powerful, cutting-edge advancement for the automotive, truck and bus suspension industry. The COAST technology combines unique hardware and software covered by United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and foreign patents to produce a system that positions AimRite to become a leading manufacturer for the new generation of suspension systems in the automotive, truck and bus industry. Patent applications are already underway for other COAST advances. AimRite trades on the NASDAQ Bulletin Board under the symbol AIMH. AimRite further announced that it will be working with Oshkosh Truck Oshkosh Truck NYSE: OSK, is a manufacturer of specialty trucks and truck bodies for defense, industrial and fire emergency applications. It is based in Oshkosh, Wisconsin and employs about 7,000 people worldwide in five countries. Corp. (Oshkosh) to apply COAST's revolutionary computer controlled suspension system to their severe (super heavy) duty trucks. COAST will significantly improve the performance, comfort and safety of all their vehicles. Oshkosh Truck Corp. (NASDAQ:OTRKB) has specialized in severe-duty trucks since 1917, building a reputation on manufacturing all-wheel drive, high performance vehicles. They have pioneered many innovations in the industry and today are an authority in severe-duty trucks for construction, airports, municipal services This article or section deals primarily with the United Kingdom and does not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and the military. AimRite management personnel were recently invited to meet with senior representatives from Oshkosh's major truck divisions to discuss implementation of a program utilizing the COAST technology. Dr. Ken Coleman Kenneth R. Coleman (April 22 1925 - August 21 2003) was an American radio and television sportscaster for 34 years (1954 - 1989). He was born in Quincy, Massachusetts. , president of AimRite, said that he "is very pleased with the opportunity that Oshkosh provides for AimRite's new technology." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Lonnie Woods, executive director of COAST Operations, "The harsh and severe-duty requirements that Oshkosh trucks must endure will demonstrate the tremendous capabilities of COAST." Jim Hamilton, AimRite's vice president of engineering, also pointed out that significant breakthroughs have been achieved in the performance of COAST over the last year. In addition, AimRite will also utilize the patented COAST system to develop a line of suspension control systems for use in many after-market applications. The initial target after-market segment will be 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. (SUVs); with RV, heavy duty truck and bus applications to follow. Production and sales of a GMC/Chevrolet Suburban, Tahoe & Yukon compatible system are scheduled to commence later this year. The company further announced that it anticipates becoming a Section 12(G) reporting company and is preparing to file and bring its audited financial statements up to current audited status. The company will make further announcements as appropriate. AimRite has a website that can be visited at www.aimrite.com. -0- 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. CONTACT: Prima Capital-Corporate Communications Elias Argyropoulos, 800/600-8599 |
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