Vector to Restart Production of M-12 Super Car
24 July 1997
Vector to Restart Production of M-12 Super CarJACKSONVILLE, Fla., July 24 -- Vector Aeromotive Corporation (OTC Bulletin Board: VCAR) announced today the closing on its initial financing by Tradelink International LTD. (a private company). T.J. Enright, Tradelink's nominee to Vector Board, said, "This capital infusion will allow us to begin production almost immediately, with an eye at full speed in 30 to 45 days." As per the revised letter of intent (5/23/97), Tradelink will provide up to $5,000,000 as needed to Vector in a combination loan and equity agreement. Tradelink Chairman, W. Randall Welty, added, "It's our intention now to aggressively expand Vector's name plate to other luxury lifestyle products, with the M-12 Super Car as the catalyst." SOURCE Vector Aeromotive Corporation