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                                                                  Exhibit 99-1

                         LEXINGTON PRECISION CORPORATION
                                767 Third Avenue
                            New York, New York 10017

FOR IMMEDIATE RELEASE
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LEXINGTON PRECISION AMENDS CREDIT FACILITY

NEW YORK, March 11, 1997 -- Lexington Precision Corporation announced that,
effective today, it had amended its credit facility with Congress Financial
Corporation to increase the aggregate facility from $40,000,000 to $50,000,000
and to reduce the interest rates payable under the facility from prime plus 1%
or LIBOR plus 3.25% to prime plus 0.25% or LIBOR plus 2.75%. The credit facility
consists of term loans, a revolving line of credit and an equipment line of
credit. Loans and letters of credit outstanding under the credit facility
currently total $36,627,000.

Today's amendment of the credit facility extended the maturity date of the
revolving line of credit from January 2, 1998, to April 1, 2000. Proceeds from
new term loans, in the aggregate amount of $25,289,000, refinanced $4,840,000 of
borrowings under the revolving line of credit, $15,921,000 of term loans
outstanding with Congress Financial and $4,528,000 of term loans outstanding
with other lenders. The new term loans are payable in equal monthly installments
through March 1, 2004, although the maturity date of the term loans can be
accelerated by Congress Financial if the Company's revolving line of credit is
not renewed by April 1, 2000.

The amended equipment line of credit provides for up to $3,500,000 of additional
term loans for future purchases of equipment. Advances under the revolving line
of credit and the equipment line of credit are subject to availability formulas
set by Congress Financial.

Lexington Precision Corporation manufactures high-quality rubber and metal
component parts.

Contact:  Warren Delano
            (212) 319-4657




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