AimRite Holdings Corperation: AIMH Message Board

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Microcap & Penny Stocks : AimRite Holdings Corperation: AIMH

AIMH 0.0360

-1.4%

Nov 6 9:30 AM EST

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To: David Wiggins who wrote (334)	1/20/1999 10:25:00 AM
From: David Wiggins	Read Replies (1) of 662

Major OEM Customers Impressed With AimRite's COAST Suspension-Control System SAN DIEGO--(BUSINESS WIRE)--Jan. 20, 1999--AimRite Holdings Corp. (Nasdaq BB:AIMH - news) announced that it has completed presentations of its revolutionary production COAST (Computer Optimized Adaptive Suspension Technology) suspension-control system to the first three major OEM manufacturers. These organizations signed confidentiality agreements, and AimRite presented extensive technical presentations. The reception of the COAST suspension-control system was extremely positive, and it was acclaimed to be a significant breakthrough in vehicle suspension- control technology by virtually all in attendance. Discussions are currently underway with these OEM manufacturers, and the company expects a response within the next 30 days to determine its relationships. Another trip is in the planning stages to visit Detroit during February, where presentations will be made to additional interested OEM manufacturers. AimRite also has a major OEM manufacturer that will be visiting the company's facility during the first week of February to solidify two proposals that were submitted for the application of COAST on their OEM vehicles. The outcome of this meeting could develop into formal agreements, including a possible joint venture on the development of a production COAST suspension-control system. Funding approval and the commencement of work are expected to begin during March

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