Clarion Technologies Announces Appointment of Anthony Wauterlek to Board Position

Grand Rapids, MI (January 24, 2003) - Clarion Technologies, Inc. (OTCBB: CLAR.OB) has announced the appointment of Anthony Wauterlek to the company's board of directors effective January 1, 2003.

Mr. Wauterlek comes to Clarion with significant prior experience, including management of Ritchie Wauterlek Asset Management, a private venture capital group located in Chicago, Illinois and service as an Advisor/Director of the Prince Corporation, Holland, Michigan. Prince was, and Johnson Controls, Inc., its successor, is an original equipment manufacturer supplying the automotive industry.

Mr. Wauterlek was a principal liaison with Wall Street in the direct sale of Prince to Johnson Controls in 1996. In addition, Mr. Wauterlek has had vast experience in regional securities trading. He was co-founder of Wauterlek & Brown, Inc, Chicago, Illinois. His firm became a nationally recognized underwriter, originator and distributor of multi-line products to institutional and commercial bank markets. Additionally, Mr. Wauterlek served as an Advisor/Executive Vice President of the world's largest options trading organizations, Chicago Research and Trading Group LTD., (CRT), Chicago, Illinois.

"Mr. Wauterlek is a proven executive with extensive experience and knowledge of the banking, securities and Wall Street arenas," said Craig Wierda, Board Chairman of Clarion. "His background in strategic planning, business development and investments gives him the broad understanding of both the business and technical opportunities faced by our organization. We are excited and privileged to have such a dynamic individual joining our board."

Clarion Technologies, Inc. operates four manufacturing facilities in Michigan and South Carolina with approximately 145 injection molding machines ranging in size from 55 to 1500 tons of clamping force. The Company's headquarters are located in Grand Rapids, Michigan.

For further information, contact Terri Streelman at (616) 233-6680.

With the exception of historical factual information, the statements made in this press release include forward-looking statements. These statements are based upon current expectations and are made pursuant to the safe harbor provisions of the Private Litigation Reform Act of 1995. Such forward-looking statements involve certain known and unknown assumptions, risks and uncertainties that could cause actual result to differ materially from those included in or contemplated by the statements. These assumptions, risks and uncertainties include, but are not limited to our expectations regarding future performance, including the first and second quarters of fiscal 2003, our ability to execute our long-term strategy and those discussed or indicated in the Company's Annual Report on Form 10-K for the year ended December 29, 2001 and in all documents filed by the Company with the Securities and Exchange Commission. The Company disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.

back