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Microcap & Penny Stocks : AimRite Holdings Corperation: AIMH -- Ignore unavailable to you. Want to Upgrade?

To: Nathan Hansen who wrote (126)	6/25/1998 10:32:00 AM
From: Nathan Hansen	Respond to of 662

News out: AimRite Holdings Secures Funding For COAST Production Business Wire - June 25, 1998 09:00 SAN DIEGO--(BUSINESS WIRE)--June 25, 1998--AimRite Holdings Corporation is pleased to announce that it has secured a commitment for $1,000,000 for startup production of the COAST(TM) computer controlled suspension product line. Montecito Ventures of Santa Barbara, CA and Juncture Ventures of San Francisco, CA have agreed on the terms for placement of the funds into the company no later than July 31, 1998. Second level funding sources for capital have been identified and are being pursued. As a result, AimRite is now prepared to aggressively pursue its $35 Million initial year sales goal. AimRite continues to fulfill its original equipment manufacturer (OEM) contractual agreements and to expand into the aftermarket light duty truck and sport utility vehicle markets with the very best ride control technology available. 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. 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. 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. CONTACT: Prima Capital-Corporate Communications 800/600-8599