no contract news but.... (BSNS WIRE) AimRite Holdings Corporation Prepares to Consolidate Its Fac
AimRite Holdings Corporation Prepares to Consolidate Its Facilities
Business Editors
SAN DIEGO--(BUSINESS WIRE)--May 12, 1999--AimRite Holdings
Corporation (Nasdaq/BB:AIMH) is pleased to announce that it will soon
be moving into a new, expanded facility that will consolidate
AimRite's corporate offices with its development operations. In
addition, the facility will: 1) accommodate vehicles that are being
provided by Original Equipment Manufacturers (OEM) for installation of
COAST(tm) systems, 2) be used for OEM and after-market production,
with room for future expansion, and 3) provide space for additional
staffing to strategically prepare for the anticipated rapid growth of
the company. The facility is an excellent choice because it not only
meets our current needs but allows for future expansion.
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 and will
be the OEM's choice for suspension control 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
needs and (vi) Unexpected challenges to the patents.
FOR FURTHER INFORMATION ON AIMRITE HOLDINGS CORPORATION CONTACT:
Prima Capital-Corporate Communications (800)600-8599
--30--pb/sf* dc/sf
CONTACT: Prima Capital-Corporate Communications, 800/600-8599
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: AUTOMOTIVE TRANSPORTATION
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