Laforza Automobiles Announces Q3 Results
9 September 1998
Laforza Automobiles, Inc. Announces Third Quarter 1998 Financial ResultsSAN DIEGO, Sept. 9 -- Laforza Automobiles, Inc. (OTC Bulletin Board: LFZA) announced financial results for its third quarter 1998 ending March 31, 1998. For the third quarter of fiscal 1998 the company reported a net loss of $255,325.05 or $.10 per share on 2,447,000 shares outstanding. The company was not public at this time last year. During the third quarter of fiscal 1998 revenues were $116,616.94, a 68% increase over second quarter 1998 results of $79,061.76. Revenues during the third quarter of fiscal 1998 consisted of retail sales of the 1989 model Laforza SUV to private buyers. In addition, the company received rental income from tenants in their new facility. All of the above results are unaudited. During this period, the company unveiled the new 1998 model Laforza at the 1998 Los Angeles Auto show. * Laforza closed escrow on their 65,000 square foot production, distribution, and administration facility located in Escondido, CA. * The company entered into a franchise agreement with a third Lamborghini dealership to sell the new version 1998 model Laforza SUV. 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 for Laforza Automobiles, Inc., 888-282-6255.