AimRite Holdings Receives Commitments From First OEM Customers.SAN DIEGO--(BUSINESS WIRE)--June 3, 1998--AimRite Holdings Corp. (NASDAQ/BB:AIMH AIMH Amelia Island Museum of History (Florida, USA) ) is pleased to announce that two 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 manufacturers have now targeted production vehicles for the COAST(TM) computer controlled suspension system. Dr. Ken Coleman, president of AimRite, said that he "expects to soon have written agreements from both of these companies out of the six companies that are considering applications for the COAST system as part of our first year production estimates. However, identities and details of the negotiations currently underway must remain confidential." According to Lonnie Woods, executive director of COAST Operations, "These customers will contribute significantly to AimRite's projected 1999 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. of $35 Million, which includes both the OEM and after-market." The COAST (Computer Optimized Adaptive Suspension Technology) suspension system uses Variable Constant Force(TM) to dramatically improve vehicle stability, ride comfort and performance for virtually all automotive applications, including: passenger cars, 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. , light duty pickup trucks & vans, RVs and heavy-duty trucks & buses. According to company estimates, the initial production after-market applications for COAST in the sport utility vehicle industry alone comprise a potential of an estimated 3.5 million vehicles, including the Chevrolet/GMC Suburban, Tahoe & Yukon, Ford Lincoln Navigator, Expedition & Explorer, as well as many others. In addition to the very large automotive OEM and after-market industries, AimRite's technology is applicable to other industrial and commercial markets, including the railroad and aviation industry, industrial shocks & vibration isolators, exercise equipment, seat dampers, vehicle bumper crash absorbers, etc. 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.
CONTACT: Prima Capital-Corporate Communications, 800/600-8599
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