V-Twin Announces Agreement With Purchase of Independence Motorcycles

    NEW YORK--March 1, 2001--V-Twin Holdings, Inc., (OTCBB: VTWN) today announced the company has successfully executed a distribution agreement with the Independence Motorcycle Company.
    Located in Tucson, Arizona, Independence was pleased with the initial success of their bike sales and will now distribute motorcycles through the Bikers Dream dealer network, a wholly owned subsidiary of V-Twin, which operates six dealerships and licenses the name to 16 independent dealers in 14 states. V-Twin also has secured a right of first refusal to sell the Independence motorcycles within the territories of its Bikers Dream dealerships, in addition to any new store openings. With this agreement, V-Twin has placed an order to purchase three hundred new millennium style motorcycles. Complete terms were not announced.
    Mr. Richard Paone, President of V-Twin Holdings stated, "Coming off last week's very successful Powersports Dealer Expo show, this deal with Independence represents the growing interest by our company in new "hot" motorcycles. In addition, there is an acknowledgement by manufacturers of our growing marketing and sales clout."
    Mr. Ken Kepler, Senior Vice President of Independence stated, "The building of our relationship continues with V-Twin, as our millennium style motorcycles reach the riding public. We look forward to continuing our close working relationship as both companies continue to accelerate their growth."