American Quantum Cycles Inc. Signs $4.8 Million Letter of Intent.MELBOURNE Melbourne, city, Australia Melbourne, city (1991 pop. 2,761,995), capital of Victoria, SE Australia, on Port Phillip Bay at the mouth of the Yarra River. Melbourne, Australia's second largest city, is a rail and air hub and financial and commercial center. , Fla.--(BUSINESS WIRE)--Dec. 23, 1997--American Quantum Cycles Inc. (Nasdaq OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AMQC) Tuesday Tuesday: see week. announced that it has executed a Letter of Intent with Barron Chase Securities Inc. ("Barron Chase") to raise a maximum of $4.8 million in a private placement. It is anticipated that the placement will be completed by the end of January 1998. Richard K. Hagen, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated: "The proceeds from the private placement will enable the company to complete its production and information infrastructure, finish layout of the additional 26,000 sq. ft. we have recently acquired and implement our comprehensive marketing strategy. We will also seek a listing on the NASDAQ immediately after completion of the placement." AMQC is currently in production and is accepting qualified dealer applications. American Quantum Cycles manufactures premium quality, high performance cruising motorcycles. AMQC motorcycles feature fully balanced internal components utilizing space-age materials, which set new standards in power, smoothness and reliability. For further information contact, Greenstone green·stone n. Any of various altered basic igneous rocks colored green by chlorite, hornblende, or epidote. greenstone Noun NZ a type of green jade used for Maori carvings and ornaments Financial Corp. at 888-655-3335 or go to the AMQC Web site at www.quantumcycle.com . CONTACT: American Quantum Cycles Richard Hagen, 407/752-0008 or Greenstone Financial, 702/363-3335 |
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