AimRite Holdings Receives Capital for Production.SAN DIEGO--(BUSINESS WIRE)--Sept. 17, 1998--AimRite Holdings Corporation (Nasdaq/BB:AIMH AIMH Amelia Island Museum of History (Florida, USA) ) is pleased to announce that it has received initial funds that enable it to move toward production. The larger remaining capital commitments have been reconfirmed to be in place between 45 and 60 days. 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, president of AimRite, "It is our best estimate that AimRite's stock is considerably undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. and represents an excellent short- and long-term investment." The current price of AimRite stock in no way reflects the potential value of the company. AimRite is aware that short selling Short Selling The selling of a security that the seller does not own, or any sale that is completed by the delivery of a security borrowed by the seller. Short sellers assume that they will be able to buy the stock at a lower amount than the price at which they sold short. of a stock can cause depression in the market price. Many times short selling and negative comments about a company are used by "professional short sellers" to make money at the expense of investors. These types of short sellers do not follow proper SEC rules in the market place and can be destructive to both the company and investors. Therefore, the company recommends anyone holding or purchasing AimRite shares should take possession of their stock to help reduce the wrongful short sellers. AimRite's first year sales forecast Sales forecast A key input to a firm's financial planning process. External sales forecasts are based on historical experience, statistical analysis, and consideration of various macroeconomic factors. was projected following meetings with customers that have targeted specific vehicles for the COAST(TM) computer controlled suspension system. This forecast includes the 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 and after-market. Based upon these customer requirements and AimRite's after-market projections, the company expects to achieve $35 million in sales during its first year of full production. The COAST (Computer Optimized Adaptive Suspension Technology) suspension system uses Variable Constant Force(TM) to dramatically improve vehicle safety, stability, ride comfort and performance for virtually all automotive applications. AimRite has a website that can be visited at www.aimrite.com. 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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