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Microcap & Penny Stocks : VCAR - Vector Aeromotive -- Ignore unavailable to you. Want to Upgrade?

To: Dan Thomas who wrote (249)	6/17/1998 10:50:00 AM
From: Walter Morton	Read Replies (1) \| Respond to of 431

Did you read this? MESSAGE FROM THE PRESIDENT During 1996 the Company struggled to bring the M12 "into production" and sadly were unable to iron out production teething problems before cash resources ran out in November 1996. Ironically the major hurdles relating to the engineering, homologation, and production of an exotic sports car had already been surmounted and a dealer appointment program was in place. However, the facility at Green Cove Springs, Florida was closed, staff laid off and for all intents and purposes that was the end of Vector Aeromotive Corporation. In December 1996 our current Chairman, Mr. W.R. Welty, learned of the plight of the Company and became determined to do all he could to stop Vector from sinking into oblivion. Mr. Welty and myself teamed up and after six months of difficult negotiations with the controlling shareholders we were able to take control of Vector. In August, 1997 we re-opened the manufacturing facility and re-started production. Since then the Company has sold 5 M12s and has produced a profit, albeit a very small profit. We consider this a major turning point in the Company's history. To celebrate this change of fortune the Company has decided to change it's logo to the emblem you see on the front cover of this report. This emblem we feel reflects the true spirit of the American super car. In 1998 the Company embarked on a racing program in the Professional Sportscar Racing series. Our first appearance at Sebring 12 Hours in March was a "look see" event from which we learned a great deal. In April we made a serious effort at the Toshiba Nevada Grand Prix in Las Vegas where we were rewarded with a third place in the GT-2 class - our first trophy! Our racing adventure has given us exposure in many notable automotive magazines and TV. In addition, we have gained valuable engineering information. All of us here at Vector are proud of our achievements and are positive that our current success is only the start of greater events to come. Regards, /S/ Timothy J. Enright ----------------------