Leo Kagan Scholarship Established

(Oct. 18, 2012)

Contact: Della Domingo

-- New award to be presented to female interested in restyling industry;
Applications available in early December at

DIAMOND BAR, CA (Oct. 18, 2012) - The Leo Kagan Scholarship
has been established as part of the SEMA Memorial Scholarship Fund, a group
that promotes industry leadership by supporting the educational efforts of
current and future automotive professionals.

Kagan is an industry icon
who was instrumental in the founding of the SEMA Scholarship Program. The new
scholarship will be presented annually to a female interested in a career in
the restyling market.

"While women were not
traditionally involved in our industry, they have become more and more integral
over the years," said Kagan. "I'm glad that this SEMA Scholarship
will ensure that females receive support and encouragement to pursue careers in
the automotive restyling market. Such diversity in our industry is what
contributes to the excitement and innovation of the specialty equipment market."

Kagan began his career in
the automotive specialty equipment industry in 1964 when he was working with
Hurst. He went on to work for Amco, the convertible top manufacturer, for about
15 years, before serving as the President of SEMA from 1975-1979. During his
tenure at SEMA, he played a key role in moving the world-famous SEMA Show from
Anaheim, California, to Las Vegas, Nevada.

Kagan continued to be
active in the association, helping to establish the SEMA Scholarship Program.
In 1982, Kagan was recognized for his contributions by being inducted into the
SEMA Hall of Fame, a prestigious honor reserved for very few individuals.

"Leo has contributed a
great deal to SEMA and to the industry for nearly 50 years. It's great to
recognize his long-time work and support through this scholarship," said
Joel Ayres, SEMA Scholarship Committee Chairperson. "Leo's impact and
contributions to this industry will continue to be felt for generations to

The Leo Kagan Scholarship
will be among the many scholarships SEMA awards annually. SEMA Scholarships are
presented annually to students pursuing careers in the automotive aftermarket.
A total of $130,000 was awarded to 69 individuals in 2012. Applications for the
next school year will be available aw www.SEMA.org/scholarships
in early December, with applications due April 5, 2013.

About SEMA
SEMA, the Specialty Equipment Market Association founded in 1963,
represents the $29.99 billion specialty automotive industry of 6,537
member-companies. It is the authoritative source for research, data, trends and
market growth information for the specialty auto parts industry. The industry
provides appearance, performance, comfort, convenience and technology products
for passenger and recreational vehicles. For more information, contact SEMA at
1575 S. Valley Vista Dr., Diamond Bar, CA 91765, tel: 909/396-0289, or visit
or www.enjoythedrive.com.



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