LAFORZA Automobiles Announces Letter of Intent for the Distribution Rights to MexicoESCONDIDO, Calif.--Feb. 21, 2002--LAFORZA Automobiles Inc. ( today announced that LAFORZA Distributors Inc. has signed a Letter of Intent with Giuseppe Risi and his affiliated companies (RISI) for the distribution rights for LAFORZA vehicles for the Country of Mexico and for the United States Dealerships for the trade areas of Houston and Dallas Texas.
RISI is the Ferrari and Maserati dealer in Dallas and Houston Texas. RISI is the president of the United States Ferrari/Maserati Dealer Council and is the owner of RISI Competezione, the world-renowned Ferrari racing team.
RISI observed the introduction of the 2003 Model year of the LAFORZA PSV(TM) at the Mexico City Auto Show and states that "There was tremendous enthusiasm and interest for this breakthrough Personal Security Vehicle which was a deciding factor in my decision to join the LAFORZA team."
"This agreement is the start of the LAFORZA Distributor worldwide distribution network," stated David Hops, President of LAFORZA Automobiles Inc. "LAFORZA Distributors is establishing distributor and dealer networks throughout the world."
Additionally, under the terms of the LOI, RISI will serve as an advisor to the Board of Directors of LAI. RISI has broad experience in the following areas:
1. Introduction of new models of vehicles and gauging public
reaction to those vehicles.
2. Knowledge of the relationship between vehicle manufacturers
and dealer networks.
3. Direct and indirect relationships with premium dealers and
distributors around the world.
4. Public relations and promotion of vehicles through
advertising, racing, and public forum presentations.
About LAFORZA Automobiles Inc/LAFORZA International SpA:
LAFORZA Automobiles Inc. manufactures luxury-class Italian sport utility vehicles and Personal Security Vehicles (PSV(TM)). LAFORZA Distributors Inc. distributes these vehicles throughout the world. The bodywork is styled by the renowned automotive stylist Thomas Tjaarda and the vehicle is manufactured in Cherasco, Italy by LAFORZA International SpA.
For more information about LAFORZA, visit at www.laforza.com.
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Expression of future goals and similar expressions reflecting something other than historical fact involve risks and uncertainties. The actual results the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.