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MEDIA CONTACT

BRUCE HARMON

TEL.

(541)754-7613

FOR IMMEDIATE RELEASE

December 21, 2004

Johnstown America announces the change of its name to FreightCar America

Chicago, Illinois, December 21, 2004 - JAC Holdings International, Inc. (formerly operating as Johnstown America) announced that it has changed its name to FreightCar America, Inc., effective December 17, 2004. The company changed its name in order to better reflect its business of manufacturing railroad freight cars.

FreightCar America is a manufacturer of railroad freight cars, with particular expertise in coal-carrying railcars. It is headquartered in Chicago, Illinois and has manufacturing facilities in Danville, Illinois and Johnstown, Pennsylvania.

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