Mygrant Glass Co., the Hayward, Calif., distributor of after market auto glass, has sent a letter to customers saying it will not use the new NAGS pricing list when it becomes effective February 28.

Here is the text of the letter the company sent out:

Mygrant Glass Company
February 10, 2005

Dear Mygrant Glass Company Customers,

The new NAGS rebalancing plan is scheduled to go into effect on February 28, 2005. We are aware that our customers are busy responding to the many offers that are being made by insurance companies and they vary greatly.

We cannot understand the methodology of this new NAGS rebalancing pricing. We have voiced our concerns to NAGS via e-mail and in meetings. We have not received a satisfactory explanation. Do we see the need for correct pricing in this industry? Yes, we do, but this proposed February 28th NAGS calculator does not have an understandable relationship to our purchasing price.

Mygrant Glass Company has decided, at the present time to continue the same discounts using the current NAGS Calculator effective September 6, 2004 and our current MGC addendum that is in place. We will NOT be making a transition to the proposed NAGS 2005 Winter Benchmark Calculator effective February 28, 2005.

We will continue looking at the right pricing tool to use in this ever changing industry, but in light of the market uncertainty we feel the best action is continue your current costs for auto glass replacement parts. We will not make changes without informing you.

We always appreciate the business that you give to this independent wholesale only distributor. We pride our selves in being your supplier and never your competitor.

Your friends at Mygrant Glass Company