CarCorp USA Corp. Retains Adorno & Yoss to Prosecute A Civil Action to Recover More Than 1.5 Million Common Shares.

Business Editors

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Sept. 30, 2002

CarCorp USA to Seek Other Civil Damages and Urges Shareholders to Hold

Their Stock in Cash Accounts or in Certificate Form

Carcorp USA (OTCBB:CUSA) ("CUSA") announced that it has retained Adorno & Yoss and charged them to prosecute a civil action to recover more than 1.5 million shares of the company's common stock and to seek other damages.

All of the shares that will be the subject of the litigation are a part of more than three million shares that the company has placed "Stop Transfer" notifications on.

CEO and Chairman Michael Demeo stated, "Based on the initial recommendations of the Special Committee of the Board of Directors, headed by the Honorable Claude Kirk, former Governor of the State of Florida, the company has retained the services of Adorno & Yoss. Adorno & Yoss has been retained to file and prosecute, in the State of Florida, a civil action against several individuals and business entities in order to recover more than 1.5 million shares of the company's common stock. Adorno has also been charged to seek additional civil damages and injunctive relief against these parties for their alleged malfeasant actions against the company."

Demeo stated, "We believe that many of our shares have been sold 'short,' adversely affecting the company's stock price. In an effort to help clear up the short position that exists, the company urges its shareholders to make certain that if it purchased shares in the open market, that the shares are held in a 'Cash Account' -- not a Margin Account. The company has instructed its transfer agent to rush process any requests to order physical certificates."

Demeo added, "The company is committed to aggressively protecting the rights of its shareholders. The Special Committee's investigation is ongoing. As always, the company will update its valued shareholders and the marketplace when it becomes appropriate to do so."

FORWARD LOOKING STATEMENTS:

Statements about the company's future expectations, including future litigation, revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. The company's actual results could differ materially from expected results. The company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release, the company will appropriately inform the public.