AimRite Holdings Corporation Forms Strategic Alliances for Production of its Advanced Coast Suspension Technology.

SAN DIEGO--(BUSINESS WIRE)--April 7, 1998--AimRite Holdings Corporation (AimRite) announced today that it has selected Logic Innovations of San Diego, Calif., to develop the production computer for the company's COAST suspension system (Computer Optimized Advanced Suspension Technology).

Logic Innovations has extensive experience in developing embedded computer systems and is recognized for its ability to effectively and efficiently produce a product within a demanding time frame. Dr. Ken Coleman, president of AimRite, stated that, "Logic Innovations' philosophy of emphasizing technical excellence and attention to detail to create highly marketable, manufacturable and reliable products mirrors our own standards for COAST."

AimRite Holdings has additionally retained the services of the Noble House of Boston to institute a national public relations campaign.

Coleman also announced today that Freightliner Custom Chassis Corporation has signed a confidentiality agreement with AimRite that allows both companies to investigate a contractual working agreement to apply the COAST system to selected suspension systems manufactured by Freightliner.

"We are pleased to help bring the future generation of suspension systems to vehicles made by one of the recognized leaders in their field," noted Coleman.

In addition, Lonnie Woods, AimRite's executive director of COAST Operations, recently attended the Family Motor Coach Association's annual motor home show in Las Cruces, N.M. Following a detailed survey of the suspension options currently in use by the motor home industry, Woods reported that these systems accomplish only a few of the many features that COAST provides in one complete package.

His survey concluded that the current optional motor home systems provide hydraulic rams to level the vehicle when parking, manual controls to level the vehicle when driving, systems for lowering the vehicle for easy entry, sway bars to control roll, etc.

By comparison, the COAST system not only provides those capabilities, it goes far beyond them -- and all in one system. The COAST system additionally provides roll control, pitch control, bottom and top out control, body motion control, wheel control, park leveling, ride leveling, cross-wind control and kneel-control. Woods concluded that the manufacturers' choice for suspension control in the motor home industry will be the COAST system.

The COAST system is the result of a 6.6 million hard dollar ($6,600,000) research and development program to create a powerful and evolutionary computer controlled suspension system.

During its development, the COAST system was the subject of independent industry evaluation by many companies, some of which had the following comments:

"Your real time computer controlled COAST system allows us to accomplish months of ride work in only a matter of hours." - FORD MOTOR COMPANY

"It is my opinion that this system can be set or tuned to give our coach superior handling, more than any other coach made in North America today... All in all the system seems to be a winner." - MOTOR COACH INDUSTRIES

"Time constraints of the recent test program allowed us to do little more than scratch the surface of the capabilities provided by your system. However, we have seen enough to conclude that your system has great potential to improve the ride characteristics of our vehicles. We are very interested in continuing to work with you on the development of the COAST system for MCI motorcoaches, especially for the motorhome segment of our market." - NORTH AMERICAN COACH, INC.

In a test of a potential application of COAST to seats, SEARS MANUFACTURING COMPANY, the No. 1 heavy duty seat manufacturer in the United States sent its representative to accompany COAST Executive Director Lonnie Woods during testing at the Carlsbad Raceway in Southern California.

After severe high-speed maneuvers, multiple braking runs, high speed slalom runs and laps at various speeds over a paved road course and dirt motocross course, the representative wrote: "The vehicle performed very well, with the noticeable effect of the COAST dampers... We are anxious to incorporate a semi-active damping system into our line of suspension seats and your system appears, at this time, to be viable."

After a series of two articles, FOUR WHEELER magazine concluded: "The (COAST) technology performs perfect for on road conditions and off road conditions. Results were impressive. Axle articulation after the conversion was outstanding."

AimRite has a Web site that can be visited at www.aimrite.com.

This release is intended as a forward-looking statement within the meaning of the Private Securities Litigation Reform Act 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 Group, Inc., 800/600-8500

or

The Noble House of Boston, 888/217-2553