SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Joe Copia who wrote (97739)12/12/2001 9:38:04 AM
From: Joe Copia  Read Replies (2) of 150070
 
LFZA news wow. .096 per share news and @ .016 now

Laforza Automobiles Announces Agreement to Sell Worldwide Distribution
Rights for Four Million Eight Hundred Thousand Dollars

ESCONDIDO, Calif., Dec 12, 2001 (AutomotiveWire) -- Laforza Automobiles Inc.
(Pink Sheets:LFZA) (OTCBB:LFZA) today announced an agreement with Laforza
Distributors Inc. ("LDI") to purchase the Laforza worldwide distribution rights
for its new line of Personal Security Vehicles ("PSV") for four million eight
hundred thousand dollars ($4,800,000).

Laforza Distributors Inc. has one hundred eighty days (180 days) to satisfy the
payment of the $4,800,000 under a secured promissory note to Laforza Automobiles
Inc. Certain shareholders and officers of Laforza Automobiles Inc. are also
shareholders and officers of LDI.

LDI is staffing the company with employees and consultants who have extensive
experience and years of success in the distribution and sales of automobiles and
related products.

"This agreement accomplishes two major hurdles," stated David Hops, President of
Laforza Automobiles Inc. "When funds are received from LDI we will have the
working capital to grow the Company by moving into production with our 2003
models and free up management time from setting up the necessary worldwide
distribution network."

Laforza Distributors Inc. will work with Laforza to establish distributors and
dealer networks throughout the world.


About Laforza Automobiles Inc./Laforza International SpA:

Laforza Automobiles Inc. manufactures and distributes luxury-class Italian sport
utility vehicles available in the United States and Europe. The bodywork is
styled by the renowned automotive stylist Thomas Tjaarda and is manufactured in
Cherasco, Italy by Laforza International SpA.


For more information about Laforza, visit at www.laforza.com.

This press release contains forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Act of 1995. Expression
of future goals and similar expressions reflecting something other than
historical fact involve risks and uncertainties. The actual results the company
achieves may differ materially from any forward-looking statements due to such
risks and uncertainties.


CONTACT: Laforza Automobiles Inc., Escondido
David Hops, President, 760/738-1515
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext