Trans-Industries, Inc. Completes Private Sale of Convertible Preferred Stock; Announces Board and Management Additions

Trans-Industries, Inc. Completes Private Sale of Convertible Preferred Stock;
Announces Board and Management Additions 


ROCHESTER HILLS, Mich., March 4  /PRNewswire-FirstCall/ -- Trans-Industries,
Inc. , a leading manufacturer of vehicle lighting systems and digital
information display products, today announced the placement of $1.5 million of
Series B Convertible Preferred Stock and Warrants.  The Company also announced
additions to its board of directors and management team.

The Preferred Stock has a cumulative dividend rate of 5% and is convertible into
581,397 shares of Common Stock.  Five-year Warrants to purchase 145,349 Common
Shares at $3.00 per share were issued in conjunction with the Preferred. 
Purchases of these securities were made by the Harry E. Figgie Jr. Trust. 
Proceeds from this sale will be used for working capital, financing expenses and
the reduction of certain term debt held by the Company's present lender.  Such
lender has agreed to extend its forbearance agreement until January 1, 2005
while the Company continues to seek financing to replace the working capital
line and term debt held by the lender.

Concurrent with this transaction, the Company's board of directors was expanded
from three to six directors with the new members consisting of Harry E. Figgie
Jr., Richard A. Solon, and James O'Brien.  Mr. Figgie presently serves as
Chairman of Clark Reliance, a manufacturer of gauges and valves used principally
by the power and petroleum industries.  Mr. Solon was, until recently, the
President of Orion Bus Industries, a manufacturer of transit buses; and Mr.
O'Brien is the President of Catapult Advisors, LLC.

In addition to his election as a director, Mr. Solon was appointed President of
Trans-Industries, replacing Dale S. Coenen as President and Chief Operating
Officer, while Mr. Coenen remains as Chairman and Chief Executive Officer. 
Apart from his experience in the bus industry, Mr. Solon brings over 25 years of
manufacturing and general management experience in fields ranging from sporting
goods, to construction equipment, to breathing equipment used by fire department
and aviation personnel.

About the Company

The Company is a leading provider of lighting systems and related components to
the mass transit market as well as a supplier of information hardware and
software solutions on Intelligent Transportation Systems (ITS) and mass transit
projects.  ITS utilizes integrated networks of electronic sensors, signs and
software to monitor road conditions,communicate information to drivers and help
transportation authorities better manage traffic flow across their existing
infrastructures.

Visit Trans-Industries at http://www.transindustries.com/ . 

Website:  http://www.transindustries.com 

DATASOURCE: Trans-Industries, Inc.



CONTACT:  Kai Kosanke, Chief Financial Officer of Trans-Industries,

[phone]

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