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Nostalgia Motor Cars to Bring Classic Bugs to Drivers in U.S.

11 November 1998

Nostalgia Motor Cars to Bring Classic Bugs to Drivers in U.S.

    LOS ANGELES--Nov. 10, 1998--Nostalgia Motor Cars Inc. (OTC BB:CRRZ) today announced that it is obtaining a small car volume manufacturer's license to import annually up to 9,999 Classic Bugs, automobiles based on the Volkswagen Beetle of the 1970's.
    The popular small cars, affectionately called "bug" or "beetle" will be introduced by Nostalgia Motor Cars Inc. in March of 1999.
    The announcement was made by Marc Fogel, president and chief executive officer of Nostalgia Motor Cars Inc.
    Nostalgia Motor Cars will import newly-manufactured Classic Bugs from Mexico after bringing these automobiles up to full U.S. EPA and Department of Transportation safety standards. The cars, which look identical to the classic Volkswagen beetle of the 1970's, are expected to be introduced at a $13,995 base price and will be available in March at retail dealerships and through car rental agencies.
    These Classic Bugs will have options available such as air conditioning, electric sunroofs and leather seats, while still retaining the look and feel of the popular beetle, which stopped being sold new in the U.S. in 1979. Until that time more than 21 million bugs had been sold worldwide.