Laforza Automobiles, Inc. Announces Q4 and Year End Results
10 September 1998
Laforza Automobiles, Inc. Announces Fourth Quarter and Year End 1998 Financial ResultsSAN DIEGO, Sept. 10 -- Laforza Automobiles, Inc. (OTC Bulletin Board: LFZA) announced financial results for its fourth quarter and fiscal year ended June 30, 1998. For the fourth quarter the company reported a net loss of $121,905.91 or $.05 per share. For the fiscal year ended June 30, 1998 the company reported a net loss of $577,558.27 or $.19 a share on 2,447,000 shares outstanding. The company was not public at this time last year. During the fourth quarter of fiscal 1998 revenues were $166,883.07 a 43% increase over third quarter 1998 results of $116,616.94. For the fiscal year ending June 30,1998 revenues were $362,561.77. Revenues during the fourth quarter of fiscal 1998 consisted of retail sales of the 1989 model Laforza SUV to private buyers, and one (1) 1998 Laforza SUV. In addition, the company received rental income from tenants in their new facility. All of the above results are unaudited. * Laforza releases new delivery schedule for August 1998. * The company entered into a franchise agreement with a fourth Lamborghini dealership to sell the new version 1998 model Laforza SUV. * Laforza features two (2) 1998 Laforzas at the 1998 Concours Italiano at Monterey, 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. For more information, contact Jeff Chatfield of Laforza Automobiles, Inc., 888-282-6255