PILOT AUTOMOTIVE ACQUIRES ASSETS OF AMERICAN PRODUCTS COMPANY

    /24-7PressRelease/ - CITY OF INDUSTRY, CA, March 01, 2007 - Pilot Automotive announced today the acquisition of inventory and intellectual property from American Products Company (APC) of Corona, California. All existing Accounts Receivable and Accounts Payable responsibilities will remain with APC. Pilot Automotive COO Mitch Williams noted that "APC enjoys some of the strongest consumer brand recognition in the history of the Specialty Equipment Industry". With the market positioning and capabilities that Pilot has, "this was a natural acquisition for us" adding that APC "is a great fit with our other brands". This acquisition will allow Pilot to expand its product range and market coverage and allow APC to focus on the promotion of the APC brand. The focus of the APC brand will be on legally compliant, high quality products and outstanding service levels. Williams concluded "Pilot is known for excellent service levels, so APC customers are going to really enjoy the new APC brand!"

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