For Immediate Release                                                                                  20^th January, 2009

PRESS RELEASE

RICH ALLEY APPOINTED GENERAL MANAGER OF
STEYR MOTORS NORTH AMERICA, Inc

STEYR MOTORS NORTH AMERICA, Inc., a 100% daughter of STEYR MOTORS GmbH in Steyr, Austria appoints Mr. J. Rich Alley as GENERAL MANAGER.

A few years ago, J. Rich Alley was running his own marine repair service in Ft. Walton Beach, Florida as a Dealer for Steyr engines. Today he serves as the General Manager and Director of Operations for STEYR MOTORS NORTH AMERICA. He runs all the day to day operations and established the STEYR MOTORS NORTH AMERICA base of operations in Panama City, Florida with the opening of its new 5,500 square foot warehouse facility. This new location gives the parent company STEYR MOTORS GmbH Austria, warehouse storage for its engines, parts and accessories, as well as offices for daily operations and Dealer training.

Rich is a 25-year veteran of the U.S. Air Force with a background firmly rooted in the management and repair of aircraft engines. After leaving the Air force in 1998 Rich established and operated a successful marine repair shop. Experienced in management as well as qualifications and technical training from several marine gas and diesel engine manufacturers, he was the perfect choice to help STEYR MOTORS grow in the US. Rich also holds memberships in the American Boat & Yacht Council and the Association of Marine Technicians.

Mr. Rudolf Mandorfer, CEO of STEYR MOTORS comments: “We are very proud, to have Rich Alley as General Manager for our US business as head of our team in Panama City. Mr. Mel Carnahan and John Simmons III, who has been recently appointed, complete the successful and well experienced team.”

STEYR MOTORS NORTH AMERICA, INC.                                   STEYR MOTORS GMBH

3014 Lisenby Ave. #12                                                                     Im Stadtgut B1

Panama City, Florida 32405                                                            4407 Steyr

USA                                                                                                     Austria

T: +1-850-784-7933                                                                          T: +43 7252 222 0

www.steyr-motors.com                                                                      www.steyr-motors.com

Contact: Rich Alley                                                                            Contact: Regina Gregory

r.alley@steyr-motorsna.com                                                             r.gregory@steyr-motors.com