Foose cuts all ties with Unique Performance

FOOSE DESIGN TERMINATES ALL LICENSING AND BUSINESS ACTIVITIES WITH UNIQUE PERFORMANCE EFFECTIVE IMMEDIATELY

HUNTINGTON BEACH, Calif. (Nov. 9, 2007) - Foose Design announced today that effective immediately it has terminated all licensing and all business activities with Texas-based Unique Performance, Unique Performance Concepts and related companies. This termination includes the limited production of all vehicles formerly licensed to Unique including but not limited to, the Foose Mustang Stallion, Foose Camaro, Foose Challenger, Foose Motorcycle and the sales and marketing of the "Hemisfear", also known as the "Foose Coupe", manufactured by Metalcrafters. Foose Design has clearly stated that it no longer has any affiliation with Unique, and encourages customers to understand that Unique no longer has any rights to Foose intellectual property, the Foose name, image, likeness, logos or designs regarding any project.

Chip Foose, the winner of an unrivaled three "Ridler" Awards, and the Foose Design team have worked for more than eight months to resolve issues relative to Unique's problems but ultimately found it necessary to sever their relationship with Unique Performance.

Foose Design does not manufacture production vehicles rather it specializes in designing and fabricating custom built, one-of-a-kind custom cars. Foose Design created the concept for a prototype vehicle to be built under its license to Unique.

Chip Foose builds a special bond with every Foose vehicle owner and it causes him great stress to see this situation occur. Chip has worked tirelessly through the years to build his company, brand and image, which it works diligently to protect, both for itself and Chip's collectors and fans.

Foose Design is working with its legal staff to consider possible action against Unique Performance