Laforza Automobiles, Inc. Announces Q2 1998 Financial Results
9 September 1998
Laforza Automobiles, Inc. Announces Second Quarter 1998 Financial ResultsSAN DIEGO, Sept. 8 -- Laforza Automobiles, Inc. (OTC Bulletin Board: LFZA) announced financial results for its second quarter 1998 ending December 31, 1997. For the second quarter of fiscal 1998 the company reported a net loss of $100,219.42 or $.04 per share on 2,447,000 shares outstanding. The company was not public at this time last year. During the second quarter of fiscal 1998, revenue was $79,061.76. Revenues during the second quarter of fiscal 1998 consisted of retail sales of the 1989 model Laforza SUV to private buyers. All of the above results are unaudited. -- During this period, the company and the Italian manufacturer reached an agreement on production and rollout schedules for the new 1998 version of the Laforza SUV. -- Laforza finalized and acquired the rights to be the exclusive distributor of the 1998 Laforza SUV in North America. -- The company entered into franchise agreements with two Lamborghini dealerships to sell the new version 1998 model Laforza SUV. -- The company also entered into an escrow agreement to purchase a 65,000 square foot production, distribution, and administration facility located in Escondido, CA. Laforza Automobiles, Inc. is a publicly traded company (Symbol "LFZA") that has the exclusive distribution and marketing rights to the LAFORZA SUV throughout North America. To find out more about this emerging company, please visit their web site at http://www.laforza.com. CONTACT: Jeff Chatfield of Laforza Automobiles, Inc., 888-282-6255.