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| Aug0204__SEMA AWARDS RECORD AMOUNT IN SCHOLARSHIPS The $110,000 Awarded is Highest in the Scholarship Fund’s 20 Years DIAMOND BAR, Calif. (July 28, 2004) -- To celebrate 20 years contributing to the future of the automotive industry, SEMA, the Specialty Equipment Market Association, awards a record $110,000 in scholarships. Seventy-five students preparing for automotive industry careers received individual awards of up to $4,000. The SEMA Memorial Scholarship Fund, established in 1984, has supplied over 400 students with more than $500,000 in scholarship awards over the past two decades. Students from 21 states benefited this year, with academic course work ranging from economics and marketing to diesel technology. "We are very proud of our scholarship awards," said Mike Spagnola, SEMA Scholarship Committee chairman and president of Street Scene Equipment, Costa Mesa, Calif. "We have been fueling the future of the specialty equipment aftermarket for 20 years. The SEMA memorial scholarships help motivate the next generation of industry leaders to complete their educations and pursue career opportunities available in the automotive aftermarket." The program rewards the best and brightest students engaged in studies leading to a career in the automotive aftermarket or a related field. Sophomores in 2-year universities or colleges, and students in vocational or technical schools received $1,000. Graduates and undergraduates with at least a junior standing at a 4-year school received $2,000 to $4,000. All students must have a minimum 2.5 grade-point average and be enrolled in an accredited university, college or proprietary program. Thirteen scholarships were awarded to relatives and employees of SEMA member companies, including Access RPM, LaVerne, Calif.; Auto Meter, Sycamore, Ill.; Blacksmith Distributing, Elkhart, Ind.; GCI, Inc., Nappanee, Ind.; Grant Products, Glendale, Calif.; Keystone Automotive, Exeter, Penn.; Performance Tire & Wheel, Mooresville, N.C.; Promotional Concepts Network, Dearborn, Mich.; Reliable Automotive, Overland Park, Kan.; Shurco, Yankton, S.D., and Status One Wheels, Carson, Calif. A new scholarship category introduced by SEMA this year is the Loan Forgiveness Scholarship Award, given to qualified graduates with outstanding student loans, who have worked at a SEMA member company for at least one year. This program was developed as further incentive for students to seek employment in the automotive aftermarket upon graduation. Four employees of SEMA member companies received $1,000 paid directly to their loan company to satisfy outstanding student loans. For a complete list of the 2004 scholarship winners, log onto www.sema.org/scholarship or contact Arlene Wood at education@sema.org. SEMA represents the $29 billion specialty automotive industry. Founded in 1963, the trade association has 5,727 member companies. It is the authoritative source of research data, trends and market growth information for automakers and the specialty auto products industry. The industry provides appearance, performance, comfort, convenience and technology products for passenger cars, minivans, trucks, SUVs and recreational vehicles. For more information, contact SEMA at 1575 S. Valley Vista Dr., Diamond Bar, CA 91765-3914; call 909/396-0289; or visit www.sema.org or www.enjoythedrive.com.
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