Future Carz, Inc. Signs Agreement With Investment Regency Group In Pursuing New Business Model And Exiting The Used Auto Leasing Business.Business Editors SCOTTSDALE Scottsdale, city (1990 pop. 130,069), Maricopa co., central Ariz.; settled in 1895 by Winfield Scott, inc. 1951. It is a resort and retirement center in the Phoenix metropolitan area. , Ariz.--(BUSINESS WIRE)--Feb. 12, 2002 Future Carz, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FCRZ), announced today it intends to exit the sub-prime automotive leasing market and seek a new business model to be revealed later this week. Future Carz, Inc. has entered into an agreement with Investment Regency Regency, in British history, the period of the last nine years (1811–20) of the reign of George III, when the king's insanity had rendered him unfit to rule and the government was vested in the prince of Wales (later George IV) as regent. Group, Inc. who will provide the company with the resources needed to pursue the new business model. The company will issue 6,000,000 shares of its restricted 144 stock to Investment Regency Group at $.08 per share. This transaction will effectively allow Future Carz Inc. to focus its business in a very profitable industry that requires less capital than the sub-prime automotive leasing market. Allowing for the company to grow and improve shareholder value. Future Carz, Inc. president, Edward Edward killed his father at his mother’s instigation. [Br. Balladry: Edward in Benét, 302] See : Patricide C. Heisler, states, "I am very excited about the new direction of the company. After our unsuccessful attempt to acquire Colfax Financial and other set backs in the past year, we feel that our new relationship with Investment Regency Group, Inc. will provide the company with the momentum it needs to move forward. The recent stock reverse-split was also a crucial step in providing the company with this opportunity to move forward and provide a better future for the company and its shareholders." For further information please call Financial Public Relations Financial public relations Public relations division of a company charged with cultivating positive investor relations and proper disclosure information. at 480/444-0078. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Forward-looking statements in this news release are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this news release that are not strictly historical statements, including without limitation, management's plans and objectives for future operations and management's assessment of market factors, and statements regarding the strategy and plans of the Company and its strategic partners, constitute forward-looking statements. These forward-looking statements are not guarantees of the Company's future performance and are subject to a number of risks and uncertainties that could cause the Company's actual results in the future materially to differ from the forward-looking statements. |
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