FOR IMMEDIATE RELEASE

PRESTOLITE PERFORMANCE ANNOUNCES THE ACQUISITION OF QUICKTIME INC.
Combination of QuickTime and Lakewood brands creates market leader in Bellhousings

CLEVELAND (July 27, 2010) – Prestolite Performance, a performance auto parts manufacturer of brands including Lakewood, Mr. Gasket, Hays, ACCEL, and Mallory has acquired the business of QuickTime, Inc., a leading manufacturer of lightweight bellhousings and racing accessories.