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The Del-Nat Tire Corporation Reaches Agreement with Chinese Tire Company

June 30, 2003 - The Del-Nat Tire Corporation announced today it has completed negotiations with Chaoyan Long March Tyre Co., Ltd that provides Del-Nat with exclusivity for the sale and distribution of Long March Medium Truck Radial Products in North America.

Long March products are widely accepted throughout Asia and have been sold in North America for a number of years. Aaron C. Murphy, Del-Nat’s Vice President of Commercial Products said, “this agreement not only provides Del-Nat with exclusivity for North America but also sets the stage for a combined development effort on new products and sizes for North America with the direct involvement of Del-Nat.”

Murphy went on to say “the performance, price point, and quality of the Long March Medium Truck radial positions Del-Nat to provide a product that provides excellent value to our Stockholders and Direct Distributors while providing their customers with a product that has proven it can deliver.”

The Del-Nat Tire Corporation is the largest private brand marketer in North America owned by Independent Dealers.

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