Future Carz, Inc. Appoints Ellis H. Rubenstein as Chairman and CEO

    SCOTTSDALE, Ariz.--May 29, 2001--The Board of Directors of Future Carz, Inc. has appointed Ellis H. Rubenstein as the new Chairman of the Board and CEO of the company. In reaching this arrangement, Future Carz, Inc. and Mr. Rubenstein signed a term sheet.
    Mr. Rubenstein is an experienced executive with a proven record of success that spans over 22 years at the management level. Most recently, he was Chairman of the Board of Metro U.S.A., where he helped that waste disposal company achieve a 100% expansion in revenues in one year. Metro U.S.A. was subsequently sold to market leading Allied Waste. Mr. Rubenstein is also partner and founder of Empire Capital Holdings Group, LLC of Phoenix, Arizona. Empire Capital is a successful NASD licensed broker dealer firm that Mr. Rubenstein conceived and organized to manage the investment portfolios of high net worth individuals.
    Throughout his career, Mr. Rubenstein has demonstrated exceptional business acumen; founding, acquiring and expanding lucrative companies. He is especially well versed in the areas of business management, mergers and acquisitions and corporate turnarounds. He is personally responsible for developing aggregate funding in excess of $250 million for the companies he has served at the board level, and unprecedented success for companies he has managed.
    Acting Chairman and CEO, Terry W. Neild has resigned his respective positions in order to facilitate this appointment. Mr. Rubenstein will assume his new duties as Chairman and CEO effective immediately.
    Future Carz, Inc. president, Edward C. Heisler, states, "Mr. Rubenstein provides our company with the leadership capacity needed to grow to the national level with complete confidence. He understands the challenges facing an expanding company such as Future Carz, Inc. and has the know how to deploy the required resources. He is a visionary who believes in our concept and is willing to invest himself fully into its potential."

    About Future Carz, Inc.

    Future Carz, Inc. is the parent company of AutoCarz, Inc., an automobile leasing company that offers quality, late model automobiles to qualified individuals who do not meet traditional financing terms. Through AutoCarz, Inc., the company is building a network of dealerships positioned to service the sub-prime credit segment of the auto leasing market.
    For further information please visit www.futurecarz.com or call Financial Public Relations at 480/444-2042.

    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.