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Shoreline Pacific Manages Private Placement for Excelsior-Henderson

8 September 1998

Shoreline Pacific Manages $10M Private Placement for Excelsior-Henderson Motorcycle Manufacturing Company

    SAUSALITO, Calif.--Sept. 8, 1998--Shoreline Pacific Institutional Finance, the Institutional Division of Financial West Group (Member NASD/SIPC), announced today that it has completed a $10 million convertible preferred stock private placement with a single institutional investor for Excelsior-Henderson Motorcycle Manufacturing Company .
    The investor has also committed to make an additional $3 million investment in the company upon the satisfaction of certain closing conditions.
    As stated in the company's press release issued today, the proceeds from this offering will be used primarily to fund working capital needs and for general corporate purposes.
    Shoreline Pacific is an investment bank specializing in private financings and advisory services for growth companies such as Excelsior-Henderson. Shoreline Pacific works with companies in a wide range of industries including manufacturing, biotechnology, pharmaceuticals, computer software, medical diagnostics, telecommunications, interactive/multimedia, and more.

About Excelsior-Henderson Motorcycle Manufacturing Company


    Excelsior-Henderson Motorcycle Manufacturing Company of Belle Plaine, Minn., is a pre-revenue company which plans to manufacture, market, and sell premium heavyweight American cruisers and touring motorcycles, as well as related parts, apparel and accessories, branded with a name that evokes an authentic American motorcycling heritage and lifestyle.