LFZA -- Laforza Automobiles, Inc. Com ($0.001)
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 laforza.com.
CONTACT: Laforza Automobiles Inc., Escondido
David Hops, President, 760/738-1515
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