Proliance International Inc (PLNTQ)

[crable]

Even Worse...Shareholders will be wiped out

Stock from NYSE Amex Exchange

NEW HAVEN, Conn.--(BUSINESS WIRE)--July 02, 2009--

Proliance International, Inc. (NYSE Amex: PLI) today announced that it has
voluntarily requested the NYSE Amex Exchange to delist its common stock from
trading on the NYSE Amex Exchange. This announcement follows the filing of
voluntary petitions by the Company and its U.S. subsidiaries today in the U.S.
Bankruptcy Court for the District of Delaware under Chapter 11 of the U.S.
Bankruptcy Code. The Company does not currently intend to relist its common
stock on another exchange as it expects there will be no recovery to the common
stockholders upon completion of the bankruptcy process. The NYSE Amex Exchange
had previously halted trading of the Company's common stock on June 24, 2009.

Forward Looking Statements

Statements included in this press release, which are not historical in
nature, are forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Statements
relating to the future financial performance or liquidity of the Company are
subject to the effects of the chapter 11 filings, business conditions and
growth in the general economy and automotive and truck business, the impact of
competitive products and pricing, changes in customer product mix, failure to
obtain new customers or retain old customers or changes in the financial
stability of customers, changes in the cost of raw materials, components or
finished products, the discretionary actions of its suppliers and lenders, and
changes in interest rates. Such statements are based upon the current beliefs
and expectations of Proliance management and are subject to significant risks
and uncertainties. Actual results may differ from those set forth in the
forward-looking statements. When used in this press release, the terms
"anticipate," "believe," "efforts," "estimate," "expect," "goal," "may,"
"objective," "plan," "possible," "potential," "project," "proposal," "pursue,"
"will" and similar expressions identify forward-looking statements.

Additional factors that could cause Proliance's results to differ materially
from those described in the forward-looking statements include the effects of
the financial crisis and turmoil in the capital markets, developments in the
chapter 11 cases, the global recession and other factors identified in
Proliance's 2008 Annual Report on Form 10-K and Proliance's other subsequent
filings with the SEC. The forward-looking statements contained in this press
release are made as of the date hereof, and Proliance does not undertake any
obligation to update any forward-looking statements, whether as a result of
future events, new information or otherwise.

About Proliance International, Inc.

Proliance International, Inc. is a leading global manufacturer and
distributor of aftermarket heat transfer and temperature control products for
automotive and heavy-duty applications serving North America, Central America
and Europe.

CONTACT: Proliance International, Inc.

Arlen F. Henock, 203-859-3626

Chief

Financial Officer

or

Anreder & Company

212-532-3232

Steven

Anreder

[e-mail])

or

Gary

Fishman

[e-mail]

SOURCE: Proliance International, Inc.
Copyright Business Wire 2009


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(END) Dow Jones Newswires

07-02-09 1019ET

10:19 070209