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Caribbean Motor Works USA, Inc. Announces Initial Public Trading in Its Common Stock

26 January 2000

Caribbean Motor Works USA, Inc. Announces Initial Public Trading in Its Common Stock

    HOUSTON--Jan. 25, 2000--Caribbean Motor Works USA, Inc. (OTC: CMWU), manufacturer of the Jeep Islander Sport Utility Vehicle, announced today immediate availability of its common stock for trading. Stock is quoted on the National Quotation Bureau system. Interested investors should have their brokers contact the company's market maker, J. Alexander Securities, Los Angeles at 213/687-8400 and ask for Jeff Church.
    CMW manufactures the sporty Jeep Islander in Barbados. CMW is emerging from a development phase, during which it perfected and sold 40 prototypes to individuals and police departments in seven countries. CMW is a licensed CARICOM manufacturer and exports the Islander duty-free to all other CARICOM member nations. CMW enjoys preferential trade treaties with Central and South America. In addition to the competitive advantage of its duty-free status and unlimited market, CMW employs an educated and cost-effective labor force to build high-quality products in its fully equipped plant.
    The company's USA office is located at 3131 West Alabama, Suite 102, Houston, TX 77098-2031. The plant is located in Barbados at Six Cross Roads Industrial Park, Building 4C, St. Philip, Barbados.
    Common Stock Facts: 75,000,000 shares authorized ($.001 par). Total float 945,000 (504D public offering), 1,270,000 shares are owned by non-affiliates, 10,600,000 bear restrictive legends under rule 144, for a total of 11,545,000 shares issued. Transfer Agent: Signature Stock Transfer, Inc; 14675 Midway Road; Suite 221; Dallas, TX 75244 972/788-4193. CUSIP Number is 141 855 106.
    Bob Russell, founder and CEO remarked, "We are delighted to provide this opportunity for investors to easily participate in our company's growth. Many people have been waiting for public trading in our stock. We look forward to a long relationship with our investors and our market maker, J. Alexander Securities. We encourage everyone interested to look us up at our web site and call us for more information."
    All funds generated from stock sales will be used for product development, parts inventory, operations, and expansion of the company, including expanded facilities.