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Lee Iacocca Makes E-Bike Available to the Public for First Time

24 March 1999

ADVISORY/Lee Iacocca Makes Revolutionary E-Bike Available to the Public for First Time

    --

    Iacocca Available for One-On-One Interviews

WHAT:    Lee Iacocca will join Westside auto dealer Buerge 
         Chrysler-Jeep for the introduction of his latest venture, the 
         E-Bike, the most advanced electric vehicle in mass production 
         in the world. The E-Bike promises to be just the first in a 
         series of light electric vehicles that will be distributed in 
         the near future by Iacocca's EV Global Motors Co. through 
         auto dealers nationwide. Buerge Chrysler-Jeep is the first 
         dealer in the country to sell the E-Bike, which will retail 
         for $995.

         Lee Iacocca will be available for personal interviews, and
         demonstration rides of the E-Bike will also be available. EV
         Global Motors personnel will be on-hand to explain the
         capabilities of the E-Bike and answer questions about the
         product.

WHERE:   Buerge Chrysler-Jeep
         11750 Santa Monica Blvd.
         West Los Angeles, Calif. 90025

WHEN:    Thursday, March 25
         10 am to noon

WHO:     Lee Iacocca, the automotive visionary and driving force
         behind the Mustang, Mini-Van and the revitalization of
         Chrysler Corp., created EV Global Motors in 1997 to develop
         and market viable clean-running vehicles to American
         consumers.

WHY:     As we approach the 21st century, people are in search of more
         environmentally friendly modes of transportation. The E-Bike
         is designed to be virtually maintenance-free and requires no
         gasoline or oil.  It is "fueled" by a 24-volt rechargeable 
         battery system.  The E-Bike can reach a maximum speed of 
         15 mph with a range of 20 miles, further if pedal-assisted.
         The battery can be plugged into any standard 110-volt
         household outlet and fully charged in four hours.