Clarion Technologies Announces Research Coverage

GRAND RAPIDS, MI (December 13, 2002 /PRNewswire-FirstCall) - Clarion Technologies, Inc. announced today that EdgeWater Research Partners LLC has initiated research coverage on the Company. The research report is available at EdgeWater's website and includes a 12- to 18-month price target of $1.20 per share.

Clarion Technologies, Inc. operates four manufacturing facilities in Michigan and South Carolina with approximately 145 injection molding machines ranging in size from 55 to 1,500 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