(OKRG)

Oakridge Holdings, Inc., was incorporated as a Minnesota corporation in 1961 and began operations on March 6, 1961. The Company has two business segments - cemeteries and aviation ground support equipment. The Company has two cemeteries in Cook County, Illinois, selling cemetery property, merchandise and service. Cemetery property includes lots, lawn crypts, and family and community mausoleums. Cemetery merchandise includes vaults, monuments and markers. Cemetery services include burial site openings and closings and inscriptions. The Cemeteries that the Company operates are located outside of Chicago, Illinois. On June 29, 1998, the Company acquired all of the assets of Stinar Corporation, a Minnesota corporation. Stinar Corporation has been in business for 60 years and is an established international manufacturer, and its products are used by the airline support equipment industry. Stinar is a global manufacturer of ground support equipment for the aviation industry which is used for servicing, loading, and maintaining all types of aircraft for both commercial and government aviation Companies and airports. These products are sold and marketed through its technically oriented sales staff as well as through independent distributors and sales representatives. Through two wholly owned subsidiaries, Oakridge Cemetery, Inc. and Glen Oak Cemetery, Inc., the Company operates two adjacent cemeteries in Hillside, Illinois. The Company is presently developing a plan of adding more niches and crypts in the future. In addition to providing interment services, burial plots and crypts, the Company sells cremation services and has a chapel in the mausoleum. Cemetery Companies provide products and services to families in two main areas: disposition of remains, either through burial or cremation; and memorialization, generally through monuments, markers or inscriptions. Stinar provides products and services to the aviation industry in three main areas: sales of new equipment manufactured for maintaining, servicing and loading of airplanes; sales of parts for equipment sold in the past; and repair of equipment. The Company's Cemetery Operations face competition with other cemeteries in Cook and DuPage Counties in Illinois. Domestic competitors for Stinar Corporation are Global Ground Support, LLC in catering equipment; Lift-A-Loft Corporation and NMC-Wollard in passenger stairs; Lift-A-Loft Corporation, NMC-Wollard and Phoenix Metal Products in lavatory and water carts; and Tesco Equipment Corporation, Lift-A-Loft Corporation and NMC-Wollard in hi-lift equipment. International competitors for Stinar Corporation are Mullaghan Engineering in catering equipment, and Accessair Systems, Inc. and Vestergaard Company, Inc. in water and lavatory carts. The Company is regulated mainly on a state level, with the state requiring licensing for cremations. The states regulate the sale of pre- need services and the administration of any resulting trusts. Stinar is required to comply with competitive bidding and other requirements in cases where it sells to local, state, or federal governmental customers.