HERI AUTOMOTIVE LAUNCHES 100% NEW CONSTANT VELOCITY DRIVE AXLES TO THE NORTH AMERICAN AFTERMARKET

Phoenix, Ariz. -- Led by veteran aftermarket executives, Heri Automotive, Inc. has launched a new line of premium quality 100 percent new constant velocity (CV) drive axles to the North American aftermarket. Heri Automotive opened its new headquarters in Phoenix, Arizona in June and will supply the North American market from warehouses in New York City and Miami. The company plans to open a third warehouse on the West Coast later this year.

Heri Automotive's leadership team, with many years of experience in manufacturing, distribution and finance, consists of Dick Adams, president, Tim Phillips, vice president and general manager, and Thurston Adams, CFO.

"We are excited to launch this quality product line with nearly 100 percent application coverage for the traditional aftermarket," said Dick Adams. "In addition, we provide private label CV drive axles to leading national accounts and manufacturers and Heri branded product to international markets."

Heri Automotive has a strong commitment to customer service that includes full technical assistance, complete catalog services and new product development in the Phoenix headquarters.

Dick Adams was a manufacturers' representative for over 30 years, and also served as vice president of sales and marketing for GSP, a manufacturer of CV axles and CV joints. Phillips is a former district manager with CARQUEST, and for over 20 years was the president of B&B Auto Parts. Before joining Heri Automotive, Thurston Adams worked for Credit Suisse and AXA Investment Managers and was based out of Paris, France. He brings with him six years of experience in the financial services industry and holds a masters degree in finance from NYU.

Heri Automotive's parent company was founded in 1986 and has a rich heritage in China as a major OE supplier. The company's state-of-the-art automotive R&D and manufacturing plant is fully integrated, ISO/TS 16949:2002 certified and have implemented green manufacturing practices. Heri Automotive has the newest CV manufacturing facility in China, complete with a state-of-the-art forging factory.

For more information about Heri Automotive, phone: (623) 792-8511 or visit: www.heriautomotive.com.