Business Editors

DENVER--(BUSINESS WIRE)--AMOT--
Allied Motion Technologies Inc. (NASDAQ: AMOT) announced
today the consummation of the merger of Owosso Corporation (OTCBB:
OWOS.OB) with a wholly owned subsidiary of Allied Motion Technologies
pursuant to the terms of the Agreement and Plan of Merger dated
February 10, 2004.
Stature Electric, Inc., Owosso's sole operating subsidiary, is
located in Watertown, New York. Stature manufactures fractional and
integral horsepower motors, gear motors, and motor part sets.
Significant markets for Stature include medical/healthcare,
non-automotive transportation, industrial automation, material
handling, and manufacturing machinery. Stature's products are
primarily sold to original equipment manufacturers throughout North
America and in Europe.
Pursuant to the merger, holders of Owosso Common Stock will
receive 0.068 of a share of Allied Common Stock for each share of
Owosso Common Stock. Holders of Owosso Preferred Stock will receive
(i) cash in the amount of $0.9333 per share, (ii) 0.127 of a share of
Allied Common Stock, and (iii) a warrant to purchase 0.28 shares of
Allied Common Stock. Allied will issue approximately 532,200 shares of
its common stock in connection with the merger.
Allied's Exchange Agent, American Stock Transfer and Trust
Company, will distribute a Letter of Transmittal with instructions on
how the holders of Owosso's Common and Preferred Stock may exchange
their shares. Owosso shareholders must complete the Letter of
Transmittal and mail or hand deliver it, with any other required
documents to the Exchange Agent at the locations specified in the
Letter of Transmittal.
Stockholders are urged to carefully read, complete and return the
Letter of Transmittal so that they may promptly receive their Allied
Motion shares.
Owosso Corporation Common Stock ceased to trade on the OTC
Bulletin Board effective the close of business May 10, 2004. Common
Stock certificates of Owosso Corporation now represent only the right
to receive 0.068 of a share of Allied Motion Common Stock. Questions
regarding how to surrender stock certificate(s), or to request
additional copies of the Letter of Transmittal, should be addressed to
the Exchange Agent at 718-921-8200 or toll free at 800-937-5449.

Headquartered in Denver, Colorado, Allied Motion designs,
manufactures and sells motion control products into applications that
serve many industry sectors. Allied Motion is a leading supplier of
precision and specialty motion control components and systems to a
broad spectrum of customers throughout the world.

Additional Information And Where To Find It

Allied Motion Technologies Inc. has filed a registration statement
on Form S-4 containing a joint proxy statement/prospectus in
connection with the merger transaction. Investors and security holders
are urged to read this filing because it contains important
information about the merger. Investors and security holders may
obtain free copies of these documents and other documents filed with
the Securities and Exchange Commission at the Securities and Exchange
Commission's web site at www.sec.gov. In addition, investors and
security holders may obtain free copies of the documents filed with
the Securities and Exchange Commission by contacting Allied Motion
Technologies at 23 Inverness Way East, Suite 150, Englewood, Colorado
80112, telephone: 303-799-8520, attention: Secretary.

This communication shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or other
jurisdiction.

Forward Looking Statements

Statements about future expectations in this press release, other
than historical facts, are "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. The
Company intends such forward-looking statements be subject to the safe
harbors created thereby. Since these statements involve risks and
uncertainties and are subject to change at any time, the Company's
actual results could differ materially from expected results.

KEYWORD: NEW YORK COLORADO
INDUSTRY KEYWORD: HARDWARE SOFTWARE MERGERS/ACQ
SOURCE: Allied Motion Technologies Inc.

CONTACT INFORMATION:
Allied Motion Technologies Inc.
Richard Smith, 303-799-8520
or
Sue Chiarmonte, 303-799-8520
Fax: 303-799-8521

-----------------------------------------------------------------------------------------

OWOS - OWOSSO CORP (OTCBB)
Date Open High Low Last Change Volume % Change
05/04/04 0.29 0.29 0.29 0.29 unch 100 unch%

Composite Indicator
Trend Spotter (TM) Buy

Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold

Short Term Indicators Average: 80% - Buy
20-Day Average Volume - 11420

Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy

Medium Term Indicators Average: 75% - Buy
50-Day Average Volume - 43194

Long Term Indicators
60 Day Commodity Channel Index Hold
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy

Long Term Indicators Average: 67% - Buy
100-Day Average Volume - 35748

Overall Average: 80% - Buy

Price Support Pivot Point Resistance

0.29 0.29 0.29 0.29

MIGHT DO WELL TO STICK ON THE MORNING WATCHLIST.

------------------
Due Da Due......But Be Quick About It!!!!!