[Randall Thomas]

Jim Price was called just a few minutes ago, as he is on a business visit to AC in the UK. These words are from Jim Price himself from his hotel room in London, right now...

The facts are that Jim Price has acquired from the owners of the AC brand, the sole rights to the intellectual property and tooling for the AC Mk I, Mk II and Mk III rolling chassis built by AC Cars.

Jim has also taken over for his profit or loss, the Frimley factory, the staff and any parts that are required. He also acquired the rights to use the Autocraft brands relative to the Mk I, Mk II and Mk III.

The original AC aluminum bodied rolling chassis will continue to be built in the Frimley factory. whilst Jim's Hi-Tech Automotive plant in South Africa will be building the fiber glass and carbon fiber bodied versions of the AC Mk II and Mk III.

The Frimley AC's will be distributed from the UK until a US distribution network now in the process of being established, is in place. The fiber glass and carbon fiber bodied versions will join their aluminum bodied siblings late in 2003 or in early 2004.

There you have it.

/Randall