Source: Company Press Release
 
ROCHESTER HILLS, Mich. -  DURA Automotive Systems, Inc. (OTC:DRRAQ), today announced that it is exploring strategic alternatives for its  Atwood Mobile Products division, headquartered in Elkhart, Indiana. DURA has engaged Miller Buckfire as its exclusive financial advisor in connection with the strategic evaluation, including solicitation of interest from prospective acquirers of Atwood Mobile Products, Inc. In consultation with its financial advisor, DURA will consider whether a sale or a growth strategy would maximize Atwood's financial contribution to the company.  
 
With 2006 sales of approximately $330 million, Atwood offers a broad range of products to the recreation vehicle (RV), specialty vehicle and manufactured housing markets. The division's products encompass windows and doors, specialty glass, hardware appliances and electronics. Founded in 1909, Atwood was acquired by automotive supplier Excel Industries, which was then acquired by DURA in 1999.  
 
"Atwood enjoys leading market positions in each of its product categories based on a reputation for product innovation, quality manufacturing and superior customer service," said Larry Denton, DURA's chairman and chief executive officer. "While the group is profitable and growing, we believe it is in the best interests of our shareholders, customers and employees to conduct a full review of strategic alternatives with respect to Atwood, including evaluation of further growth alternatives and divestiture options."  
 
Atwood provides the most extensive product line of any supplier to the recreation vehicle industry, with more than 90 percent of the recreation vehicles on the road today using Atwood products. The RV industry has experienced consistent historical growth, with RV ownership currently at record levels. Industry trends point toward significant future growth due to favorable population demographics and increasing purchase interest.  
 
On October 30, 2006, DURA Automotive Systems, Inc., and its domestic and Canadian affiliates filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The company and its domestic and Canadian affiliates continue to operate their businesses as Chapter 11 debtors-in-possession.  

About Miller Buckfire
 
Miller Buckfire is a leading independent investment bank providing strategic and financial advisory services focusing on complex restructuring transactions, mergers and acquisitions, and equity and debt financing. The firm was formed in July 2002 when the financial restructuring group at Dresdner Kleinwort Wasserstein spun off as an independent entity. Miller Buckfire's professionals have successfully restructured more than $180 billion in debt, advised on M&A transactions valued at over $14 billion and advised on financings involving over $29 billion. The firm is based in New York. Additional information about Miller Buckfire can be found at   www.millerbuckfire.com.  

About Atwood Mobile Products, Inc.  
 
Atwood is a leading designer and manufacturer of a broad range of window, glass, aluminum, appliance and electronic products for recreation vehicles (RVs), specialty vehicles, manufactured housing and associated niche markets. Atwood's core products include windows, doors, specialty glass products, water heaters, furnaces, ranges, electronic control systems, converters and seating systems designed to meet specific customer demands. Atwood provides its comprehensive product line to a diverse set of customers including market leaders  Thor Industries, Fleetwood, Jayco, Gulfstream, Winnebago,  Freightliner and Leer. Recognized as a leading supplier to the RV, specialty vehicle and manufactured housing industries, Atwood markets its products under its well-recognized Atwood, Creation, Kemberly, Wedgewood, Spec-Temp, DURALeg and Levelegs brands. Headquartered in Elkhart, Indiana, Atwood has approximately 1,900 employees.  

About  DURA Automotive Systems, Inc.
 
DURA Automotive Systems, Inc., is a leading independent designer and manufacturer of driver control systems, seating control systems, glass systems, engineered assemblies, structural door modules and exterior trim systems for the global automotive industry. The company is also a leading supplier of similar products to the recreation vehicle (RV) and specialty vehicle industries. DURA markets its automotive products to every North American, Asian and European original equipment manufacturer (OEM) and many leading Tier 1 automotive suppliers. DURA is headquartered in Rochester Hills, Mich. Information about DURA and its products is available on the Internet at www.duraauto.com.