Norton Motorcycles Gets Recommendation in Industry Analyst Research Report
22 July 1999
Norton Motorcycles Gets Recommendation in Industry Analyst Research Report
MINNEAPOLIS, July 22 -- Norton Motorcycles, Inc.
(OTC Bulletin Board: NRTN) announced today that in a recently published
research report by The National Capital Companies (National Capital), the
Company was given a "Strong Buy" recommendation. This is the initial coverage
of Norton by any industry analyst. The National Capital research report may
be obtained by contacting National Capital at 1-949-261-2101.
Background
Norton Manufacturing Co. was originally founded in England in 1898 and for
over 100 years forged a reputation for racing success and engineering
excellence. Even though a new Norton motorcycle has not been sold since the
early nineties the name and trademarks are still revered in the motorcycle
industry. At present over 30 Norton owners clubs exist, with members into the
thousands.
In 1993 a group of investors acquired the Norton name and all its related
assets, including the manufacturing plant in Shenstone, England. In the
ensuing five years March Motors International, Inc., which was associated with
the March organization that won 5 Indy 500's in the 80's, got involved. March
Motors led the initial development of a high performance chassis. They were
joined by Al Melling, president of MCD, one of the premier independent engine
design consultants in the world. Together they have come together with
several investors and ignited the resurgence of the legendary Norton name.
The initial product line looks to include ground breaking technology that will
set a precedent in the motorcycle world, bench marked by Norton's premier
cycle the Nemesis, which will be the world's fastest production motorcycle,
achieving speeds in excess of 200mph.
Additional information about Norton and its planned product line can be
found at the http://www.nortonmotorcycles.com Web address.
Cautionary Note
Norton is a development stage enterprise with no significant revenue base.
Information provided herein by the Company may contain "forward-looking" type
information. These cautionary statements are made with the objective of
obtaining the benefits of safe harbor provisions of applicable legislation.
The Company cautions investors that any forward-looking statements, especially
forecasts of either future operating results or future stock performance, made
by the Company or by industry analysts are not guarantees of future
performance and that actual results may differ materially from those in the
forward-looking statements as a result of various risk factors including but
not limited to the development stage nature of the Company.