1
EXHIBIT 99
[MSX LOGO] Markus Lang - CADFORM
Germany
+49 0 66 339 773 21
lang.m@cadform.com
FOR IMMEDIATE RELEASE
RELEASE DATE: 11/11/99 Sergio Wechsler - MSX International
Germany
+49 0 17 296 632 74
swechsler@msxi.com
Bruce Wagner - MSX International
United States
+ 1 248 844 4129
bwagner@msxi.com
MSX INTERNATIONAL INCREASES INVESTMENT IN CADFORM ENGINEERING IN GERMANY
Auburn Hills, MI, November 11, 1999 - MSX International Inc. has increased its
investment in its Germany-based engineering service partnership with CADFORM
Engineering GmbH.
The new investment has been accomplished through an internal restructuring of
CADFORM and MSX International resources in Russelsheim and Sindelfingen. MSX
International acquired its initial equity interest in CADFORM in January 1999.
This most recent step reflects MSX International's continuing commitment to
provide a comprehensive range of engineering services to global automotive
customers.
Under the terms of the new investment, MSX International has become the largest
single shareholder in the company. MSX International's offices in Russelsheim
and Sindelfingen are being integrated with CADFORM resources under the
leadership of the two managing directors of CADFORM, Volker Wagner and Ludwig
Leissing.
"We are pleased to provide the global reach and resources of MSX International
in support of our customers," said Ludwig Leissing, one of CADFORM's two
managing directors. "Based on this strengthened relationship with MSX
International, we expect to expand our range of products and service areas in
Germany. One of our first actions will be to develop our new identity as
Cadform/MSX Engineering GmbH."
"The engineering capabilities of CADFORM's people are well-respected in the
German automotive industry," added John Risk, President of the Engineering
Services Division of MSX International. "We view this action as a demonstration
of our resolve to provide superior support and service to our automotive
customers on a worldwide basis."
--more-
24
2
CADFORM Engineering, headquartered in Homberg/Ohm, generates 85% of its sales
revenue in the automotive industry, mainly in the sectors of product development
and mold construction. The complete development potential ranges from full
interiors to complex aluminum die-cast parts.
MSX International is a leading, global provider of technology-driven business,
engineering, and specialized staffing services. MSX International's services
enable customers to significantly improve their business performance by adding
value and helping them to achieve a competitive advantage.
With annual sales exceeding $1 billion, MSX International employs more than
12,000 professional staff and contract personnel at over 60 operating locations
in 23 countries worldwide. MSX International offers its customers a wide range
of technology-driven services, both on-site and off-site, including product
engineering and manufacturing engineering; contract and temporary staffing;
training; purchasing support; marketing support; electronic document and
information storage and retrieval; process improvement consulting; and web and
information technology services.
This document contains statements that constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are not guarantees of future performance and involve
significant risks and uncertainties. Actual results may vary materially from
those in the forward-looking statements as a result of any number of factors,
many of which are beyond the control of management. These important factors are
discussed in MSX International's filings with the Securities and Exchange
Commission.
MSX International's headquarters is in Auburn Hills, Michigan. Visit MSX
International's Web site at http://www.msxi.com. MSX International's news
releases are also available at http://www.prnewswire.com.
////
25