AimRite to Solicit Proposals From First Tier Auto Industry Suppliers for Mass Manufacturing of COAST Technology.

Business Editors

SAN DIEGO--(BUSINESS WIRE)-August 9, 2000--AimRite Holdings Corporation (OTCBB:AIMH) has announced that will solicit proposals from so-called first tier automobile systems suppliers for the mass manufacturing of the COAST suspension control system for the company.

Mary Kay Coleman, Acting President of AimRite stated, "This search is the next logical step for the COAST system at this point in our business relationships and will be conducted both independently and with active assistance of a major manufacturer. Our intent is to mass produce COAST systems with the highest possible quality at the lowest possible cost in the shortest possible time frame for both the original equipment market and the aftermarket."

Lonnie Woods, Director of Sales and Marketing for COAST, explained, "First tier suppliers in the automobile industry include companies such as Dephi, Tenneco and Visteon who have both buying power in the materials marketplace and a proven reputation for quality and reliability. The successful cementing of a first tier relationship will accelerate the availability of the COAST suspension control system to all segments of the automotive market."

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 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 WEBSITE 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.