Designed by : Vector Aeromotive Corporation
(10) Automobili Lamborghini S.p.A./Vector Aeromotive Corporation.
The Vector M12 was a vehicle designed by the Vector Aeromotive Corporation, and was the first vehicle produced after the buy-out of the company from Jerry Wiegert by the Indonesian company Megatech. The vehicles were produced from 1995 to 1999, when production was halted, partly due to slow sales of the cars and mismanagement of the company. The average price of the vehicle was $184,000.
(13) Vector Aeromotive Corporation.
Recordemos que Vector Aeromotive Corporation o simplemente Vector fue el intento estadounidense de competir con marcas europeas como Ferrari, Lamborghini o Lotus. Fundada en 1972, la compañía fue cerrada en los noventa luego de producir modelos como el W2, el WX-3, W8 o el M12.
Vector Holdings Corporation, formerly Vector Aeromotive Corporation, aNevada corporation, is sometimes referred to herein as "we", "us","our" and the "Company". We are filing this Annual Report for the yearended December 31, 1999 which contains our audited financial statements for 1999 and1998, and also contains complete updated disclosure for the period subsequent to the yearended December 31, 1999 under all items other than the financial statements. We are alsofiling our several Quarterly Reports that we were required to file under the SecuritiesExchange Act of 1934 (the "Exchange Act"), but which we failed to file in atimely manner. We are seeking to become current under reporting requirements of theExchange Act by the filing the following Reports: our Annual Report for the year endedDecember 31, 1999; and our Quarterly Reports for the periods ended March 31, 1999, June30, 1999, September 30, 1999, March 31, 2000, June 30, 2000 and on or before November 15,2000 our Quarterly Report for September 30, 2000. In our opinion, the financial statements referred to above presentfairly, in all material respects, the financial position of Vector Holdings Corporation(formerly Vector Aeromotive Corporation) as of December 31, 1999 and 1998, and the resultsof its operations, its changes in stockholders equity (deficit) and its cash flowsfor the years then ended in conformity with generally accepted accounting principles.