[dscott]

IMAR industries (Fargo, ND) announced today (July 16th, 2003) that their replica division (Classic Roadsters) was purchased by Don Scott of Minnesota Classic Motorsports (Sauk Centre, MN). IMAR will continue with it's main focus of the marine division.

The company will move to Don's Minnesota facility around August 1st, 2003.

Both companies are very excited about the sale. Tom Eide, President of IMAR stated that he can focus on the marine division knowing that Classic Roadsters will be in good hands. Don Scott agrees that this is the best thing for the business and the industry. Don has been in the replica business for over 14 years and knows the Classic line very well. He has run Minnesota Classic Motorsports with honesty and integrity, and will continue this goal with the new company.

The new company name will be Classic Roadsters II. Don will assume all backorders and open orders currently held by IMAR so no customer will be left hanging. Along with this news Don also announces Classics by Elite to be the Distributor for all Classic Roadsters II products in the USA. Classics by Elite will bring over 30 years of experience in this market. Jay Kowalik and Ed Combs, owners of Classics by Elite are very excited about the opportunity to bring a very well engineered car back to the graces it once had. A dealer network will be established and resources for phone and on-line tech support.

Classic Roadsters II sells the Classic 427, the Sebring MX, and the Badlands. Plans for additional models are in the works.

If anyone has any questions or comments please contact Don Scott @ 1-888-SC-COBRA
Jay or DV @ 1-888-65-COBRA