AMS Automotive LLC Announces the Purchase of AMS Automotive Inc. and Ovis Sales LP

Fenton, MO – Friday April 13, 2012 - Effective March 31, 2012, AMS Automotive LLC has acquired the assets of AMS Automotive Inc. and Ovis Sales LP.

Assuring that AMS customers enjoy a seamless transition, Chris Jackson will serve as President and lead day to day operations. Chris has over 23 years of experience in the automotive aftermarket, most recently as Vice President of AMS Automotive Inc., and President of Ovis Sales LP. Working with his father Ron Jackson and the AMS team, Chris has been instrumental in building the Company into a premier supplier to the automotive aftermarket.

Jim Mannebach, serving as Chief Executive Officer, will lead the Company. Jim brings over 25 years of global leadership experience to AMS. He was formerly the CEO at Norgren, a world leader in fluid power solutions, where he led the Company to market leading positions in the passenger car and heavy truck OEM market segments. Jim has also held senior executive operating roles at Roper Industries and Emerson Electric.

Mannebach remarked, "Chris brings extensive knowledge and leadership in the aftermarket, and has been key to achieving the strong position that the company now enjoys. I look forward to partnering with Chris and the new management team to build on our outstanding reputation and demonstrated performance. AMS Automotive LLC is well positioned with a strong management team and balance sheet to support our growth initiatives. I also want to wish Ron Jackson the best as he announced his retirement earlier this week.”

Key additions to the organization are Jeff Kyle and Joe Asfour. Jeff brings extensive operating and finance leadership. He was formerly the Chief Financial Officer of Sensus, and held several senior executive roles at Power-One, Inc. and SanDisk. Joe brings a wide range of market development and sales leadership experience. He most recently served as President of DCIM, a full service marketing firm focused in the North American automobile industry, and was instrumental in growing Norgren’s global heavy truck business with the OEM’s, and Tier 1 and Tier 2 suppliers. “I am very pleased to have Jeff and Joe as a part of the AMS Automotive LLC management team. They bring strong operational expertise, and will help drive the Company’s growth through development of its emerging strategic initiatives,” remarked Chris Jackson.

About AMS Automotive Inc. Founded in 1987 by Ron Jackson, AMS Automotive Inc. is a leading automotive aftermarket supplier of clutch components and gas-charged lift supports to the North American market. AMS Automotive Inc. products are sold under numerous brands including RhinoPac, New Generation and World Car, in addition to several private label program distribution group brands.

About Ovis Sales LP Founded in 2005 by Chris Jackson. Ovis Sales LP is a research, engineering and design company that specializes in the development of automotive and class 6-8 flywheels, as well as class 6-8 clutch components.