Howard Stillman, Investment Analyst Initiates Coverage of Laforza Automobiles, Inc.
24 February 1998
Howard Stillman, Investment Analyst Initiates Coverage of Laforza Automobiles, Inc.`A Strong Buy Recommendation and a $10 Target Price' SAN DIEGO, Feb. 24 -- Howard Stillman, a special situations analyst has initiated coverage of Laforza Automobiles (OTC Bulletin Board: LFZA) with a strong buy recommendation and a $10 price target. Mr. Stillman projects that based on orders for the new 1998 model of the LAFORZA Sports Utility Vehicle and ongoing orders for the new vehicle, the company should generate: 1998: Sales: $8,000,000 EPS: .60 per share 1999: Sales: $15-20 million EPS: $1.00 to $1.50 per share. Dave Hops, President and CEO of Laforza Automobiles, Inc. was quoted "I am very pleased to have someone with these credentials issue such a favorable report on our company." Mr. Stillman has over 25 years experience. He is the former director of research for two NYSE member firms, and has been approved as a supervisory analyst by the New York Stock Exchange. The report was prepared on a fee basis. His phone number is 760-737-9580. To receive complete copy of this report, please contact Ed Bracken at 619- 675-4449 or visit the LAFORZA web site at http://www.laforza.com. SOURCE Laforza Automobiles, Inc.