New Bridge Products Inc., Receives Minivan Contract Order

25 June 1998

New Bridge Products Inc., Receives Minivan Contract Order from the City of Phoenix for $529,000; Previous 28 Unit Order Near Completion

    PHOENIX--(BW HealthWire)--June 25, 1998--New Bridge Products Inc., (OTC BB:NBPI) Thursday announced that it has been awarded a contract from the City of Phoenix for the delivery of lowered-floor wheelchair accessible minivans.
    Under the terms of the contract, the initial order is estimated at $529,000.
    This order calls for the delivery of minivan units with lowered-floor chassis conversions and customized interior design layouts. In addition, with the award of this contract, the company has the capability to proceed on additional orders which may be required by the city later in 1998.
    The company also stated that it is near completion on a previous 28 unit order from the City of Phoenix requiring lowered-floor van conversion utilizing liquefied natural gas (LNG) alternative fuel.
    Brian J. Kelley, the company's president stated, "We have been working with the City of Phoenix and other national municipalities quite diligently over the last several quarters to obtain contracts such as this.
    "Currently, the company has other outstanding bids under review totaling in excess of $2 million and we feel confident that with our exceptional product line and order customization capabilities, that the company will have a very high success rate on future contract awards."
    Management at New Bridge Product has been designing and re-manufacturing wheelchair accessible minivans for over fifteen years. The company's product lines incorporate both roof extension and floor lowering capabilities in addition to fully automated, remote controlled doors and ramps.
    For further information contact: Reovest Financial Inc. at 303/642-0073 corporate web sight at: www.new-bridgeproducts.com
    All financial projections and future contract award opinions by management, which are not historical are management's and are subject to changes based upon future operational results.
    Projections are furthermore "forward-looking" as defined by federal law, and are subject to the Safe Harbors created by them, within the meaning of such statements as defined in Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995.
    The company intends that these projections specifically concerning contract(s) award values, future contract awards and estimates concerning back-orders be "forward-looking" and subject to the "Safe Harbors" thereby created by them.
    Management further specifies that these projections and opinions are estimates, based upon current information available by management. They are furthermore subject to revisions, and management is under no obligation to update this information.