Peerless Industries Signs Agreement Wtih Televisa

Media Contacts:
Viktorya Maryan
708-865-2110 ext 324
847-721-1651
vmaryan@peerlessmounts.com

PEERLESS INDUSTRIES SIGNS AGREEMENT WITH TELEVISA TO DEVELOP FIRST COMPREHENSIVE DIGITAL SIGNAGE NETWORK IN LATIN AMERICA

— Professional A/V Mount Leader and Latin America’s Largest Media Provider Create Innovative Agreement —

CHICAGO, IL — May 17, 2006 — Peerless Industries, Inc., (www.peerlessmounts.com), the leader in professional-grade audio/visual mounting solution, today announced that Peerless de Mexico, a wholly-owned subsidiary of Peerless Industries, has signed an agreement with Grupo Televisa, S.A. (“Televisa”; BMV:TELEVISA CPO; NYSE:TV) to design, develop and integrate digital signage networks in Mexico.

Under the terms of the agreement, Peerless will provide comprehensive services to Televisa, such as designing specific mounts for targeted locations and supplying certified professional-grade mounting solutions that conform to global standards from Underwriters’ Labs, Video Electronics Standards Association and the International Standards Organization. Peerless will work with Televisa to develop various mounting solutions that will maximize screen visibility and minimize potential damage to equipment and liability, while enhancing security. Peerless also will develop a training program for the installation teams, assuring that every mount is installed securely and safely.

Peerless Industries is scheduled to provide more than 5,000 custom mounting solutions to be placed in multiple retail locations across Mexico in 2006. These mounts are utilized near checkout registers, in produce departments, and around delicatessen and supermarket aisles.

Peerless is the first U.S. mounting company with manufacturing, sales and distribution in Latin America.

“Peerless provides the ideal combination of design and custom mount manufacturing capabilities that enable us to bring creativity, experience, and expertise to this exciting new venture,” said Mike Campagna, president, Peerless Industries, Inc. “We are very pleased to be working closely with Televisa on this innovative partnership.”

About Peerless Industries, Inc.
Peerless has designed and manufactured the most comprehensive line of audio/visual mounting solutions for over 40 years. Today, Peerless designs and manufactures mounts for current and emerging visual display technologies, including LCD and plasma flat panel displays, projectors, CRT televisions and other electronic equipment used in the commercial and consumer markets. Built on decades of experience and proven expertise, Peerless Industries is ISO 9001 certified and is an approved Underwriters Laboratories testing site. For more information, visit www.peerlessindustries.com

###
©2006 Peerless Industries, Inc., All rights reserved
All other brands, product names and taglines are trademarks or registered trademarks of their respective owners