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DYNASTY MOTORCAR CORPORATION DELIVERS FIRST PRODUCTION VEHICLES

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Khatir Soltani

KELOWNA, BC — Dynasty Motorcar Corporation ("Dynasty") is pleased to announce that the first batch of production vehicles have been shipped from its Kelowna, B.C. production facility.

Eight IT™ sedan model electric vehicles were shipped, via auto carrier, to three Dynasty dealers located in Georgia, North Carolina and Florida. The company began assembly of production vehicles on April 6, 2001 at a rate of one vehicle per day and anticipates an aggressive production ramp-up phase over the next several months.

"This marks a significant milestone in the evolution of the company", explained Gerard McParland , President of Dynasty Motorcar Corporation. "We have gone from concept to the sale of our first IT™ sedan in sixteen months, a tribute to the team assembled here at Dynasty", he adds.

Founded in 1998, Dynasty's corporate head office and manufacturing facility is located in Kelowna, British Columbia. Dynasty designs and manufactures zero emission, electric Low Speed Vehicles (LSV's) for recreational and light commercial markets such as planned and gated communities, destination resorts and universities. Further information regarding Dynasty Motorcar Corporation can be accessed via the website at www.dynastymotorcar.com.

Khatir Soltani
Khatir Soltani
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