Cold Metal Products, Inc. Has Retained Keen Realty and CB Richard Ellis in Chapter 11 Proceedings.

Business Editors

GREAT NECK, N.Y.--(BUSINESS WIRE)--Dec. 9, 2002

Keen Realty and CB Richard Ellis to Sell 425,219+/- Square Foot

Manufacturing Facility in Youngstown, OH

Cold Metal Products, Inc. has retained Keen Realty, LLC and CB Richard Ellis to market and dispose of the company's manufacturing facility in Youngstown, Ohio.

Keen Realty is a real estate firm specializing in restructuring and liquidating real estate nationwide. CB Richard Ellis is a vertically integrated commercial real estate services company with a geographically diversified network focusing on transaction management, financial services, and management services. Cold Metal Products filed for Chapter 11 protection on August 16, 2002 in the United States Bankruptcy Court of the Northern District of Ohio.

"This 425,000 square foot manufacturing facility will move fast," said Mike Matlat, Keen Realty's Vice President. "We are encouraging prospective buyers to submit their offers immediately. Interested parties must move quickly as the right offer can be accepted and the property withdrawn from the January auction," Matlat added.

The 425,219+/- sq. ft. facility is located on 25+/- acres of land. There are 70,225+/- sq. ft. of office space, and 354,994+/- sq. ft. of manufacturing space, with 30 to 50 ft. clearance to the bottom of the roof joists. There are 20+/- overhead cranes located throughout the facility. The building is well maintained and has good access to all major transportation routes.

For over 20 years, Keen Consultants has had extensive experience solving complex problems and evaluating and selling real estate, leases and businesses in bankruptcies, workouts and restructurings. Keen Consultants, a leader in identifying strategic investors and partners for businesses, has consulted with over 130 clients nationwide, evaluated and disposed of over 180,000,000 square feet square of properties, and repositioned nearly 11,000 stores across the country.

In addition to Cold Metal Products, other current clients include: FOL Liquidation Trust, American Candy Company, CMI Imdustries, Anamet Industrial, Footstar, Graham Field, Cooker Restaurants, Rodier Paris, Warnaco Retail, and Matlack Trucking.

The Cleveland office of CB Richard Ellis opened in 1986. Since that time, the firm has grown to be a market leader in all facets of commercial real estate brokerage and property management. Companies that CB Richard Ellis Cleveland has advised include: Sales or leases have been completed recently with First Merit Bank, Nedick Real Estate, National Interstate Insurance Company, Allstate Insurance Company, Schubert Enterprises, Essex Ltd., VPCH Partnership, and Rennick Anndreoli

For more information regarding the sale of this facility for Cold Metal Products, please contact Keen Realty, LLC, 60 Cutter Mill Road, Suite 407, Great Neck, NY 11021, Telephone: [phone], Fax: [phone], e-mail: [e-mail] Attn: Mike Matlat or CB Richard Ellis, 200 Public Square, Suite 2560, Cleveland, OH 44114, Telephone: [phone], Fax: [phone], e-mail: [e-mail] Attn: Michael Howard.