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Iacocca to Introduce 'Official Bike of Palm Springs Desert Resorts'

5 October 2000

Lee Iacocca to Introduce E-Bike As 'Official Bike of Palm Springs Desert Resorts'

    WHAT:    Lee Iacocca will announce that his new E-Bike -- the most
             advanced electric vehicle in mass production in the world -- has
             been designated as the Official Bike of the Palm Springs Desert
             Resorts by the Palm Springs Desert Resorts Convention and
             Visitors Authority (CVA).

             The CVA has signed a co-branding marketing agreement with Iacocca
             that will include the development of a Palm Springs Desert
             Resorts Edition of the E-Bike and international promotion of the
             bike at CVA tradeshows and client promotions.  The E-Bike will
             also be displayed at the CVA's Visitor Center at the Desert IMAX
             Theatre.

             The E-Bike is the first in a series of light electric vehicles
             that will be distributed by Iacocca's EV Global Motors through
             dealers nationwide.

             Mr. Iacocca will answer press questions and be available for
             media interviews.  E-bike demonstration will be given.

    WHERE:   Marriott's Desert Springs Resort & Spa
             74-855 Country Club Drive, Palm Desert CA
             ENTER AT LOBBY

    WHEN:    Thursday, October 5, 11:00 a.m.

    WHO:     Lee Iacocca, the automotive visionary and driving force behind
             the Mustang, Mini-Van and the revitalization of Chrysler
             Corporation, created EV Global Motors in 1997 to develop and
             market viable clean-running vehicles to American consumers.  Palm
             Springs Desert Resorts Convention & Visitors Authority President
             Michael E. Fife; Joint Powers Authority Chairperson Terry
             Henderson; and Hospitality Industry & Business Council
             Chairperson Tim Ellis will join Mr. Iacocca for the presentation.

             For information call Mark Graves, (760) 770-9000 Ext. 112