Laforza Automobiles, Inc. Signs Third Exclusive Franchise and Dealers Agreement
6 March 1998
Laforza Automobiles, Inc. Signs Third Exclusive Franchise and Dealers AgreementAlfa-Romeo/Lamborghini Dealer Ready To Go SAN DIEGO, March 6 -- Laforza Automobiles, Inc. (OTC Bulletin Board: LFZA) announced today that they have recently signed their third Franchise and Dealers Agreement for the Laforza 'Prima 4X4' Sport Utility Vehicle (SUV). Bellevue Alfa-Romeo and Lamborghini, located in Bellevue, Washington, has secured the exclusive rights to market Laforza in the Seattle area. As is the case with all of Laforza's exclusive dealers, they have committed to sell at least two (2) Laforza automobiles per month during 1998 and to keep at least one (1) vehicle in their showroom at all times. Additionally, dealers must agree to provide a $100,000 revolving line of credit to purchase the vehicles and to participate in a national advertising program. The Agreement keeps the Company right on track with the objectives of their franchise program. Bellevue Alfa-Romeo and Lamborghini is located at 225 105th Avenue - N.E., Bellevue, Washington a suburb of Seattle. The father and son team of Pasquale and Tino Perrina run the up-scale dealership. Laforza Corporate Sales Manager Trevor Haywood commented, "This Agreement follows exactly with our corporate strategy to accept only quality, high-end dealerships with complete service facilities. Plus, the Perrina family has an excellent reputation with the more discriminating automotive buyer in their area. We are really proud and excited to have them on the Laforza team." The LAFORZA Sport Utility Vehicle (SUV) is an upscale, luxurious 4 X 4 automobile whose rolling chassis' are imported directly to the Company from the Italian manufacturer, Magnum Indusriale. Laforza Automobiles, Inc. is a publicly traded company (Symbol "LFZA") that has the exclusive import and distribution rights to the Laforza SUV throughout North America. To find out more about this emerging growth company, please visit their web site at http://www.laforza.com. SOURCE Laforza Automobiles, Inc.