Dan Kruse, Co-Founder of Kruse International, to Join Board of Legend Motors
January 15 2008 - 8:00AM
Business Wire
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".
LMWW (CE) (USOTC:LMWW)
Historical Stock Chart
From Oct 2024 to Nov 2024
LMWW (CE) (USOTC:LMWW)
Historical Stock Chart
From Nov 2023 to Nov 2024