SOURCE: Automotive Specialty Concepts

January 27, 2006 11:00 ET

/ CORRECTION - Automotive Specialty Concepts

VANCOUVER, WA -- (MARKET WIRE) -- January 27, 2006 -- In the news release, "Automotive Specialty Concepts Changes Vision to Gold Exploration," issued Wednesday, January 25, 2006 by Automotive Specialty Concepts (OTC: AMVS), we are advised by the company that the last paragraph was omitted from the original. Complete corrected text follows.

Automotive Specialty Concepts Changes Vision to Gold Exploration

VANCOUVER, WA -- 01/25/2006 -- Automotive Specialty Concepts Inc. (OTC: AMVS) announces new beginnings for the company. Through discussions with the principle shareholders, current management has decided to shift its focus to develop shareholder value in the most efficient way.

Part of AMVS's continued growth strategy is aggressively seeking new opportunities to bring into AMVS to produce value for the shareholder base. As part of the strategy defined herein, there will be a name and symbol change as soon as possible.

Due to recent economic and geo-political events, the market is fully aware of the impacts of the weakening dollar and the growing concern for gold prices. Prices have as of recently been hitting approx. 25-year highs above $560 an ounce. In recent reports, analysts have predicted that gold prices may reach almost $600-800 an ounce by the end of 2006 on gold mine supply worries and firming jewelry demand. This is making previously non-economical mining deposits valuable again as prices have doubled since many areas have been placed out of commission.

Currently discussions with industry professionals have proved to be very beneficial and the company is preparing for shifts in the management team to better cater to the new vision of AMVS. Several potential high-value properties have already been located and have been under review by the panel of professionals to determine if the area is gold rich and worth further mining efforts and exploitation activity. Although this change is an about-face from the company's previous business model, AMVS believes that the opportunities located in such a venture will be directly connected to the shareholders value and are fully confident in building a strong foundation in 2006.

This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

Please contact the IR for any further inquiries regarding the change of vision.

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