EXHIBIT 99.1


FOR IMMEDIATE RELEASE

LEXINGTON PRECISION EXTENDS EXCHANGE OFFER

NEW YORK, September 5, 2001 - Lexington Precision Corporation (OTC: LEXP)
announced today that it is extending the expiration date of its offer to
exchange its 12 3/4% Senior Subordinated Notes due February 1, 2000, for
Increasing Rate Senior Subordinated Notes due December 31, 2004. The offer is
now scheduled to expire at 5:00 p.m., New York City time, on September 17, 2001,
unless further extended.

As of 12:00 a.m. on September 5, 2001, Lexington Precision had received tenders
of $26,601,000 principal amount, or 97%, of the $27,412,000 principal amount of
its 12 3/4% Senior Subordinated Notes, subject to withdrawal rights. A condition
for the exchange offer to be effective requires that at least 99% of the notes
be tendered.

Additionally, the company reported that it had not yet obtained agreements,
satisfactory to the company, with its senior, secured lenders that would permit
the company to consummate the exchange offer.

Lexington Precision Corporation manufactures precision rubber and metal
components, which are used primarily by manufacturers of automobiles, automotive
replacement parts, medical devices, and industrial equipment.

Contact:  Warren Delano  (212) 319-4657