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Laforza Automobiles Receives 12 Cars and 50 Rolling Chassis'

21 January 1999

Laforza Automobiles Receives 12 Cars and 50 Rolling Chassis'


    SAN DIEGO--Jan. 21, 1999--Laforza Automobiles Inc. announced today that they have finalized the purchase and delivery of all remaining inventory from Badrahn Enterprises of the Laforza SUVs, being stored in a Detroit warehouse.
    Many of the vehicles have already arrived at the Laforza plant, and work has begun on making the vehicles customer ready. President and Chief Executive Officer David Hops commented, "This gives us a huge boost. With these rolling chassis, completed vehicles, and original parts we can now focus our efforts on meeting the growing demands of dealers and customers. Quite a few of the vehicles are almost completely intact and ready for immediate sale, while others will need to have the engines installed and other minor adjustments. None of these vehicles has ever been sold or driven."
    Included in this purchase are over seventy (70) Laforza rolling chassis' and a number of Ford engines. Also included are over 100,000 various spare parts for the upscale, Italian-made SUVs. General Manager Skip Braden commented, "We have begun the process of sorting the parts and automating our inventory management systems to allow us to better serve the growing community of Laforza owners."
    The LAFORZA Sport Utility Vehicle (SUV) is an upscale, luxurious 4 X 4 automobile whose rolling chassis' are imported directly to the company from the Italian manufacturer, Magnum Indusriale.
    Laforza Automobiles Inc. is a publicly traded company (Symbol "LFZA") that has the exclusive import and distribution rights to the Laforza SUV throughout North America.


    This news release contains forms of forward-looking statements that are based on the company's beliefs as well as assumptions made by information currently available to the company. Such statements are subject to certain risks, uncertainties, and assumptions, which are identified in the company's Rule 15c2-11 Information Statement. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results will vary materially from those anticipated, estimated or projected and the variations may be material.