LMWW (CE) (USOTC:LMWW)
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Legend Motors Worldwide, (Pink Sheets: LMWW
- News), today
announced they will be producing a number of components and parts for
the entertainment business and to that end it is extremely pleased to
announce that it has a purchase order from Live Nation, (NYSE: LYV),
to supply Monster Truck bodies. Live Nation, who produces
numerous live events,
was formed via a spin-off from Clear Channel and has a market
capitalization of over 800m.
Live Nation is the world largest producer
of live shows, with over 28,500 events which have included music
concerts, theatrical shows, specialized motor sports and numerous other
events; total attendance has exceeding 61 million. Live Nation
owns or operates 117 venues, consisting of 75 US and 42 international
venues. These venues include 39 amphitheaters, 58 theaters, 14 clubs, 4
arenas and 2 festival sites.
Ian Marsh, President stated: “We have produced
approximately 12 of these vehicles and believe this order, along with
our recent announcement regarding Block TV, (February 5, 2008), www.powerblocktv.com,
will help solidify our growing presence in the world of entertainment.”
Mr. Marsh continued, “We also believe that it
will enable us to produce a continuance stream of high end specialty
vehicles, thereby creating a new profit center for Legend Motors
Worldwide.”
All vehicles were created to customer specifications with both the
designs and the renderings produced in house and the tooling being
manufactured by our team of laminating specialists. Some of the vehicles
included in this line up are the Superman and Batman Monster Trucks.
About Legend Motors Worldwide
Legend Motors Worldwide is focused on the $2 Billion Muscle Car Market
while 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.
Links to help you get additional market information:
Wall Street Journal Article by Jennifer Saranow January 11,
2008; Page W1
Article: http://online.wsj.com/article/SB120000007479681853.html?
mod=weekend_journal_primary_hs*
Video: http://online.wsj.com/public/page/8_0004.html?bcpid=86195573&bclid=
86272812&bctid=1370835061*
*(Due to their length, these URLs may need to be copied/pasted into your
Internet browser's address field. Remove the extra space if one exists.)
CNBC Mike on America Last Update: Tues. Oct. 30 2007 | 1:57 PM
Cashing in on classic cars in Charlotte, N.C., with CNBC's Mike
Hegedus
Video: http://www.cnbc.com/id/15840232?video=582284512
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".
Share Data
Shares in Public Float
2.6 M
Recent Share Price
$0.60
52 Week Low
$0.27
52 Week High
$2.65
Market Capitalization
$10.74M
Shares Outstanding
17.9 M
Fiscal Year End
Dec 31