Automodular Corporation

Automodular Corporation

March 30, 2005 15:00 ET

Automodular Contract Awards


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: AUTOMODULAR CORPORATION

TSX SYMBOL: AM

MARCH 30, 2005 - 15:00 ET

Automodular Contract Awards

TORONTO, ONTARIO--(CCNMatthews - March 30, 2005) - Automodular
Corporation (TSX:AM) ("Automodular") has been awarded new contracts to
assemble complex sub-assemblies for North American OEMs and their Tier 1
suppliers totaling over $350 million, and renewal contracts totaling
approximately $60 million with terms ranging from 3 to 8 years.

With respect to new contracts, the identity of the Corporation's
customers and the vehicles to be produced are being kept confidential
until the related vehicle production programs are publicly announced.

Automodular has material contracts expiring in 2005 and 2006 which have
yet to be renewed or extended and are the subject of competitive
bidding. Automodular cannot predict the outcome of these bids. As a
result, it is impossible for Automodular to estimate the resulting
change in annual sales arising from its recent contract successes.

Automodular Corporation is a supplier of sub-assembly, sequencing,
transportation and logistics services to North American automobile
manufacturers and their Tier 1 suppliers serving assembly plants in
Ontario, Michigan and Ohio. Automodular employs more than 800 people in
seven operating facilities.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Automodular Corporation
    Chris Nutt
    Vice President, Finance
    (905) 665 0060 x 126
    c.nutt@automodular.com