Norton Motorcycles Changes Stock Symbol
7 June 1999Norton Motorcycles Changes Stock Symbol; Development Program Moves Ahead
MINNEAPOLIS, June 7 -- The Nasdaq OTC Bulletin Board stock ticker symbol for Norton Motorcycles, Inc. (Norton) is now NRTN. As expected the symbol changed from NRTND after a standard waiting period. Norton also stated that its motorcycle development program is moving ahead. Motor Cycle News covered the first road tests of the Manx, a 750cc superbike, and of the Nemesis, the flagship Norton model. MCN reported in its 14 April issue coverage of the Nemesis, "it's here, it's real and we've ridden it ... No one can deny that Britain has a great superbike waiting in the wings." Since the initial road tests, Melling Consultancy Design of Rochdale, England, Norton's engineering and design firm, has continued to test and refine the high-performance Nemesis and Manx. Norton expects to commence production of limited quantities of the Nemesis for sale in late 1999. The Nemesis will be the Company's most powerful, premium motorcycle, powered by the 1500cc fuel-injected V-8 engine that the Company anticipates will give the Nemesis a top speed exceeding 225 mph. The V-8 engine, the first in a production motorcycle, is controlled by a state of the art electronic engine management system designed to deliver 235bhp for maximum torque and high speed. The frame of the Nemesis is manufactured from a high silicone aluminum alloy, while the bodywork will utilize extensive carbon-fiber composite materials for maximum chassis strength. The Nemesis also features a custom designed proprietary suspension system. Background Headquartered in Plymouth, Minn., Norton Motorcycles, a development stage enterprise, will market a line of motorcycles and motorcycle products throughout the world. Norton is presently engaged in the design and development of a line of high-performance, premium motorcycles and the marketing of motorcycle products. All of the products will be sold under the famous "Norton" brand name, which will provide its motorcycles with worldwide appeal and brand recognition among motorcycle enthusiasts. Additional information is contained in the company's new internet web site at http://www.nortonmotorcycles.com . Information provided herein by the Company may contain "forward-looking" information. These cautionary statements are made with the objective of obtaining the benefits of the safe harbor provisions of applicable legislation. The Company cautions investors that any forward-looking statements made by the Company are not guarantees of future performance and that the actual results may differ materially from those in the forward-looking statements as a result of various factors including but not limited to the development stage nature of the Company.