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Laforza Automobiles, Inc. Finalizes Purchase of New Production, Administrative and Distribution Facility

9 February 1998

Laforza Automobiles, Inc. Finalizes Purchase of New Production, Administrative and Distribution Facility

        Company Announces That Sales of New 1998 Model are on Schedule

    SAN DIEGO, Feb. 9 -- Laforza Automobiles, Inc.
(OTC Bulletin Board: LFZA) announced today that they have closed escrow on
their new, sixty-five thousand (65,000) square foot production, distribution,
and administration facility located in Escondido, California.
    The purchase price of the building was $3,200,000, including $500,000
cash, $550,000 in Laforza Automobiles, Inc. restricted common stock, and a
long-term note for $2,150,000.  The purchase adds $3,200,000 to the company's
balance sheet with approximately $1,050,000 in additional shareholders equity.
In a related transaction, the Company has leased over 40,000 square feet of
the building to long-term tenants.  The rent generated from these leases will
cover approximately 75% of the facilities monthly operating cost.
    The Company also announced that sales of the new 1998 model Laforza (Prima
4X4) are moving briskly, and are on-track to meet or exceed 1998 projections.
To date, the Company has signed two (2) dealership agreements.  These dealers,
located in Longwood (Orlando), Florida and San Francisco, California, are
under contract to purchase at least twenty-four (24) vehicles each in calendar
year 1998.  In December 1997, the Company recorded its top sales month ever
when it pre-sold (8) 1998 vehicles.  In addition, the Company also sold all
three (3) '98 "show" models that recently debuted at the Los Angeles Auto
Show.  The base retail price of the '98 model is $59,500.
    Finally, the Company announced that they are currently in negotiations to
sign another two (2) Exclusive Dealers' Agreements.  One dealer under
consideration is in the Northeast, the other in the upper Northwest.  It is
anticipated that these agreements will be in place over the next sixty (60)
days.
    Laforza Automobiles, Inc. is a publicly traded company (stock symbol
"LFZA") that has the exclusive North American import, distribution and
marketing rights to the Italian-made Laforza (Prima 4X4) Sport Utility
Vehicle.
    To find out more about this exciting growth company, please visit their
web site at http://www.laforza.com.

SOURCE  Laforza Automobiles, Inc.