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http://www.wwstreet.com/imani/main.htm


Treasury International Announces New Acquisition
LIBBY, Mont., April 16, 2004 (PRIMEZONE) -- Treasury International, Inc. (OTCBB:TRUY) announces it has recently acquired, through one of its wholly owned subsidiaries, American Sports Inc., the operating assets and liabilities of a business venture called Imani Motors.

The new entity will be called Imani Motors USA, Inc. with the operation center, primarily, from a manufacturing and research and development facility in Tiverton, Rhode Island with a new Board of Directors and Officers to be named at a later date. Imani is in the process of completing three luxury brand, high performance, but affordable, models under the brand "Imani," which proposes to be the first, mass-production, hand-made, carbon fiber sport car and truck manufacturer in the U.S.

The first model will be the iSR250 Imani Sport Roadster. The iSR250 will come standard with a 2.5 liter V6 engine and a 5 or 6 speed manual transmission. Each engine is hand assembled, balanced, and blue printed as AMG does for Mercedes. An automatic sequential gear shifting transmission similar to what is found in the Formula racing cars is optional. The iSR250 will deliver 240HP, which will allow the car to outperform most other cars in its class with a 0 - 60 mph in an estimated 4.8 seconds and may reach a top speed of almost 200 mph. Since all the vehicles Imani designs and manufactures utilize carbon fiber, the iSR250 will weigh less than 2,000 lbs and have an estimated 32 city and 40 highway miles per gallon. Similar or competitive cars to the iSR250 include Porsche Boxster, BMW Z4, and Lotus Elise. The iSR250 is anticipated to be unveiled to prospective dealers, select buyers and the press by mid-May 2004. Imani's business model has several advantages over the larger car manufacturers and competitors by having a smaller overhead and thus higher margins with having to sell fewer vehicles. The anticipated Manufacturers' Suggested Retail Price (MSRP) for the iSR250 is $39,900 and will allow Imani Dealers to generate more margin of profit than any other sport roadsters sold in the U.S.

The next vehicle to be completed will be a 4x4 Sport Truck similar to the Porsche 4x4 Cayenne and Hummer H2. This is anticipated to be introduced to Imani Dealers and the Press in July 2004 at an MSRP of $52,900.

The Sport Coupe is anticipated to be available in September 2004 at an MSRP of $89,900 and ready for the Paris Auto Show in September/October 2004. All the vehicles mentioned above will come standard equipped with smart tire monitors, which are required by law in the near future giving the temperature and PSI rating of each individual tire similar to what is currently installed in the prestigious Aston Martin vehicles. As mentioned above these vehicles will be have better than average margins for the Dealers and will be hand-made and primarily utilize carbon fiber.

In addition to making a high performance and affordable line of vehicles, Imani will incorporate all the latest technologies including an OnStar like system, GPS, web tracking and keyless entry alarm systems, heads up display and thermal imaging cameras front and rear, a fully functional Car PC with touch screen and wireless synching with other computers in the house or work. Other technologies Imani anticipates incorporating into its vehicles include being able to have Dealer Service Technicians remotely monitor Imani vehicles and to offer pre-emptive maintenance and biometrics such as using the motorists' fingerprint to open doors and start the vehicles to deter and make it near impossible to be stolen.

The automotive industry is a multi-trillion dollar per year industry. There are over 52 million new cars and trucks sold worldwide last year, 17 million of which in the U.S. alone. In relation to this, in North America, Porsche has its largest market and sales rose in 2003 by 25.6% to 29,024 units, with their 4x4 SUV, Cayenne, accounting for 10,151 units. Imani's overall goal is to achieve 10% of this niche sports car market within 3 years or ramp up to 2,900 vehicles per year. This nets Imani over $29 million. In order to achieve this, Imani expects to set up and limit the number of Dealers to only 100.
 

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1. I don't like the looks of it. I think it's rather ugly

2. $89,000 price point does not make it competitive with the Elise

Good luck to them.
 

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kellzey said:
1. I don't like the looks of it. I think it's rather ugly

2. $89,000 price point does not make it competitive with the Elise

Good luck to them.
Agreed with point 1, but it might grow on me.

Point 2 is the price for their next vehicle. This one is under $40k.

Add-

3. I don't have confidence as to their experience and history in creating a lightweight well handling car. The fact that the next car is a utility vehicle does not give me a warm fuzzy.

Having said that, competition is good.
 

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originally posted by kellzey
2. $89,000 price point does not make it competitive with the Elise
It says the roadster is $39900, which is the Elise competitor due out in mid-May 2004. Then in September a sports coupe will be released at $89000. The article doesn't give any details about the sports coupe.

And it is ugly as hell.
 

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P.S. Their web site is really bad. Really really bad.
 

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Sorta reminds me of a Japanese Futuristic Robot Cartoon version of a porsche 914. Must be the rollbar/targa angle.

Cade
 

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Look closely at that car. I believe it in fact IS a smart roadster. I think they designed it almost exactly the same; only making it carbon fiber and they slapped a larger engine. All of the design cues are the same except more angular than on the smart car. Are these companies in cahoots? (spelling)

Maybe if the car didnt look like it was made out of a piece of plastic, it would be nice.

I will stick with my exotic awesome looking car with the lotus name, thank you. I am not a fan of carbon fiber anyway.

-Whit
 

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Randy Chase said:


3. I don't have confidence as to their experience and history in creating a lightweight well handling car. The fact that the next car is a utility vehicle does not give me a warm fuzzy.

Having said that, competition is good.
Indeed competition is good, but the one thing it might do is openning peoples mind to the concept of low wt rigid vehicles. Education is never a bad idea.
 

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Does anyone else find their performance claims incongrous?

240 HP and under 2000 pounds. 0-60 only 4.8 secs (shouldn't it be faster?).

Top speed approaching 200 mph. With 240 HP this would require great aerodynamics. If the frontal area is 18 square feet. it would require a Cd of ~.225 If if the Cd was a .30 (compared to the Elise of .46 the frontal area would be 13.6 sq. ft. very small

With a Cd of .46 and a Frontal area of 18 sq. ft. and a HP of ~190 and a weight of 2100 pounds (includes driver) I get a top speed of ~147 this is equivilent to the Elise.

The caculator I used is here http://davewin.com/tech/horsepower_calc.shtml

Obviously without specific data on the car this is a guess, but it doesn't compute for me. Looking at the shape, I can't image it has a very low Cd

Lots of claims without facts. I will beleive it when I see it.

Greg
 

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I doubt it will ever see the light of day. The press release just reads like a typical penny stock company trying to hype up it's share price...

Comparing itself to AMG :rolleyes:

A tiny bit of digging reveals that in Jan they did exactly the same thing with another company called Matrix motors - this one was 175,000usd. It's amazing how quickly they found another partner after they terminated their involvement with Matrix in March.
 

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Racer X said:
If if the Cd was a .30 (compared to the Elise of .46
Maybe I misread...the coefficient of drag of the Elise is .46 ??
 

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Randy Chase said:
Agreed with point 1, but it might grow on me.

Point 2 is the price for their next vehicle. This one is under $40k.

Add-

3. I don't have confidence as to their experience and history in creating a lightweight well handling car. The fact that the next car is a utility vehicle does not give me a warm fuzzy.

Having said that, competition is good.
They have ZERO CREDABLITY = ZERO INTEREST from me!
 

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Randy Chase said:
3. I don't have confidence as to their experience and history in creating a lightweight well handling car.
Well put. The car may be capable, may be fun, and would certainly be compared to the Elise, but they won't have the design experience that Lotus does (unless they contract out the design work to Lotus Engineering!).
 

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The Elise has no competition when one considers price- point, sportscar performance and looks if you agree with the one guy who looked at it in the NY Show, next to a Lamborghini, and said,
"The Lambo is $165,000, you say. How much for the yellow, little 'Lambo'?" P.S.-
Will tell you this. The Pontiac Solstice is going to knock the Miata for a loop. When
people at the show heard the female Pontiac spokesperson say the car would sell for $20,000, they couldn't believe it.
This car is going to go like hot-cakes when it begins selling in the Fall of '06'.
It has a much more masculine look than the Miata, even that dressed up one they are offering now. Guys and gals will both
be turned on by it...for sure!
 

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I think the comments about the simularity with the Smart Roadster are dead on. In fact, if memory serves me correct, there was a company planning to import Smart vehicles into the US prior to Mercedes deciding to do it. They were going to federalize the cars themselves. This may be the left overs of that venture. the cars were shown at the New Hope auto show in Pennsylvania, last year. Very interesting but no competition for an Elise or Lotus for that matter.
 
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