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GST AutoLeather Announces Strategic Relationship for Leather Production Services in Dominican Republic

Hagerstown, MD - GST AutoLeather, Inc. today announced it has entered into a strategic relationship for leather production services with B' Leather Company, Inc. and its related manufacturing company, Articulos de Piel Los Favoritos, CxA in the Dominican Republic. The relationship further extends GST AutoLeather's global production reach.

Under the agreement, Articulos de Piel Los Favoritos, will provide production services for GST AutoLeather, preparing product for GST use in the United States, Mexico and Europe. Articulos de Piel Los Favoritos is an experienced leather production company with a strong reputation for quality finished hides used in the branded footwear and home furniture upholstery businesses.

"The ability to source high quality tanning from an experienced company like Articulos de Piel Los Favoritos is an important part of our focus on global manufacturing growth and excellence," stated Daniel J. Mignogna, Vice President of Business Development for GST AutoLeather, Inc. "This is a company with a strategic location that can efficiently feed our production needs in several locations."

"We define ourselves as a quality and technically oriented house and we view our strategic alliance with GST AutoLeather as a great opportunity for both companies to succeed in a highly competitive environment," stated Aquiles Bermudez, Chief Executive Officer and Director of B' Leather Company, Inc. "We continue to invest in the leather business and to focus on the needs of the most demanding customers across different sectors of our industry."

GST AutoLeather expects to begin using the production services of Articulos de Piel Los Favoritos as early as August 2004. The Articulos de Piel Los Favoritos production facilities are located in Santiago.

About GST AutoLeather (www.gstautoleather.com)
GST AutoLeather is headquartered in Hagerstown, Maryland, and is a proud supplier of the world's finest automotive leather. GST AutoLeather has production operations in North America, Mexico, Asia and Europe. Many of the industry's most prestigious automobile companies turn to GST AutoLeather for its innovation, customer service, quality and dependability. GST AutoLeather engineers and technical experts work hand-in-hand with customers to conceive, design and develop new generations of leather for such nameplates as General Motors, DaimlerChrysler, Ford, Toyota, Honda, Isuzu and Mazda.