LMWW (CE) (USOTC:LMWW)
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Legend Motors Worldwide (Pink Sheets: LMWW)
today announced that Dan Kruse, Chairman of Kruse International, www.kruse.com,
one of the largest collector car sales organizations in the world, (and
which was once sold to E-Bay), will join the Board of Legend Motors. Dan
and his family have been in the classic collector car business for over
45 years and he is considered, by many, to be the finest classic car
auctioneer in the world. Dan stated, “The
Legend Tribute Models opens a whole new Market for Classic cars by
offering affordable models starting at $65,000; all of the Baby Boom
Market is open in this price range.”
Ian Marsh, President, stated, “We are pleased
that we have a personal friendship with Dan so we can tap the 45+ year’s
knowledge of Mr. Kruse in this $2 billion muscle car segment of the
estimated $23 billion Classic Car Market. Dan’s
participation on the Board will add a new dimension to management as our
revenue accelerates to the anticipated $28 million in 2008 with over $4
million in EBIDTA."
Legends Motors Worldwide, (www.LegendMotors.com),
would also like to take this opportunity to say that we have a number of
exciting announcements planned as we enter 2008; this includes new
dealerships, expansion of our marketing outlets, and a number of other
impressive news items regarding our continued expansion as a public
company. Also of note, our 2007 audit is now underway and we fully
expect to file our 10K by March 31, 2008 and therefore become a fully
reporting company.
About Legend Motors Worldwide
Legend Motors Worldwide is focused on delivering a complete line of
vintage cars from the 30's, 40's, 50's, 60's and 70's - a legendary
period of U.S. automotive innovation that spawned classic designs that
everyone wanted as a child. Legend Motors is a component car designer
and assembler that handcrafts an in-house designed chassis with all
other required items including wiring, plumbing, brakes, interior
wheels, tires and paint completed at its own factory. Legend Motors
delivers state-of-the-art versions of these cars that are otherwise
unattainable for most car enthusiasts. Our dealer network is available
to install the motor, dealer prep and deliver your car starting at
$65,000. This press release does not constitute an offer to sell or the
solicitation of any offer to buy any securities of Legend Motors
Worldwide, nor shall there be any sale of any such security in any state
in which such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
state. Forward looking statements: This press release and other
statements by Legend Motors may contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act with
respect to the outlook for earnings and revenues, other future financial
or business performance, strategies and expectations. Forward-looking
statements are typically identified by words or phrases such as
"believe", "expect", "estimate", "potential", or future/conditional
verbs such as "will", "should", and "could".