Laforza Automobiles, Inc. and Italian Manufacturer Reach Agreement On Production and Rollout Schedule
16 October 1997
Laforza Automobiles, Inc. and Italian Manufacturer Reach Agreement On Production and Rollout ScheduleCompany Will Hold Exclusive North American Rights SAN DIEGO, Oct. 16 -- Laforza Automobiles, Inc. (OTC: LFZA) announced today that they have reached agreement on various production and distribution schedules with the Italian manufacturer, Magnum Industriale Ltd., regarding importation of the LAFORZA Sport Utility Vehicle. Magnum has agreed to grant the Company exclusive rights to import and market the LAFORZA SUV in the U.S., Mexico, and Canada. Final contractual arrangements are anticipated to be signed in the next thirty (30) days. Under the terms of these pending agreements, the Italian manufacturer will begin shipping new 1998 body style vehicles to the U.S. by the end of October 1997. The LAFORZA is a one-of-a-kind, upscale sport utility vehicle whose rolling chassis is imported from Italy. Laforza Automobiles, Inc. is a publicly traded company (Symbol "LFZA") based in Escondido, California that assembles the complete, Ford V-8 engine and powertrain upon arrival. The Company also has the exclusive distribution and marketing rights to North America, as described above. To find out more about this exciting company, please visit their web site at http://www.laforza.com. SOURCE Laforza Automobiles, Inc.