AimRite Holdings Corporation Receives Joint Development Proposal.SAN DIEGO--(BUSINESS WIRE)--July 14, 1999-- AimRite Holdings Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AIMHE) is pleased to announce that it has received a joint development proposal from a major manufacturer of heavy duty vehicles. This proposal includes financial, personnel, and facility resource commitments from the manufacturer. In addition, the manufacturer has requested up to seven years exclusivity on specific vehicle applications. Although the customer has requested confidentiality in all area including their name, more details will be released in the near future. The manufacturer firmly stated that "they are excited about this product and look forward to a long-term business relationship with AimRite Holdings." 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. 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, "This is an exciting proposal for AimRite along with the many pending contracts expected for the COAST(TM) suspension control system." 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, truck, bus and RV applications. COAST accomplishes all this by eliminating conventional shocks and anti-sway bars and replaces them with simple, but patented and powerful hydraulic suspension control units. The units incorporate extremely powerful and sophisticated patented software to make precision adjustments at each wheel 400 times per second. The result is an electronically controlled suspension system Noun 1. suspension system - a mechanical system of springs or shock absorbers connecting the wheels and axles to the chassis of a wheeled vehicle suspension that can optimally control up to nine dynamic areas of suspension performance; including roll, pitch, body motions, wheel motions and bottoming/topping out. AimRite believes that COAST is the most powerful and flexible suspension control system ever developed. And with little or no direct competition, COAST will be sought after well into the next millennium. AIMRITE HAS A WEB SITE 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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