Future Carz Will Exit The Used Auto Leasing Business And Pursue New Business Model

    SCOTTSDALE, Ariz.--Feb. 12, 2002--Future Carz, Inc. (OTCBB:FCRZ), announced today it intends to exit the sub-prime automotive leasing market and seek a new business model to be revealed later this week.
    Future Carz, Inc. has entered into an agreement with Investment Regency Group, Inc. who will provide the company with the resources needed to pursue the new business model. The company will issue 6,000,000 shares of its restricted 144 stock to Investment Regency Group at $.08 per share.
    This transaction will effectively allow Future Carz Inc. to focus its business in a very profitable industry that requires less capital than the sub-prime automotive leasing market. Allowing for the company to grow and improve shareholder value. Future Carz, Inc. president, Edward C. Heisler, states, "I am very excited about the new direction of the company. After our unsuccessful attempt to acquire Colfax Financial and other set backs in the past year, we feel that our new relationship with Investment Regency Group, Inc. will provide the company with the momentum it needs to move forward. The recent stock reverse-split was also a crucial step in providing the company with this opportunity to move forward and provide a better future for the company and its shareholders."
    For further information please call Financial Public Relations at 480/444-0078.

    SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

    Forward-looking statements in this news release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this news release that are not strictly historical statements, including without limitation, management's plans and objectives for future operations and management's assessment of market factors, and statements regarding the strategy and plans of the Company and its strategic partners, constitute forward-looking statements. These forward-looking statements are not guarantees of the Company's future performance and are subject to a number of risks and uncertainties that could cause the Company's actual results in the future materially to differ from the forward-looking statements.