Investors still required for Kiwi Supercar

Investors still required for Kiwi Supercar

For a project that has not yet sold a car, the Hulme Can Am has had serious coverage, all around the world and particularly over the last 15 months since Chris Amon first drove “Bear 1’ at the A1GP meeting at Taupo.

After “Bear 1” appeared on the front cover of the “Ingear” section of the UK Sunday Times, articles about the car were published in many magazines and websites around the globe.

This has helped result in hundreds of requests for the Hulme Can Am Offer Document for shares, but the money hasn’t all come in yet. To ensure that “Bear 1” and the company stay in New Zealand and remain owned mostly by New Zealanders NZ$1.9 Million needs to be raised by the end of May.

For those who haven’t decided on investing in the Hulme Can Am project, the goal is to get 700 investors with an average of $3,000 each by the end of May, and then on to a maximum of NZ$7.5 Million by the end of June.

The IPO offer document can be downloaded from the Hulme Supercars website.

Hulme Supercars Managing Director Jock Freemantle says, “We believe this is all possible, with lots of help in promoting it, and getting as many smallish investors (NZ$1,000 to NZ$30,000 or lots more) as possible. If we do not raise the $1.9 million within New Zealand by the end of May, it is possible that “Bear 1″ will be lost to the UK, and to survive, the project could be sold to an overseas investor and moved to their country.”

“Apart from creating a successful, profitable company our next most important goal is to produce an iconic product and develop a skills and knowledge base within New Zealand that may ultimately lead to the establishment of a recognised body of specialist vehicle engineering and design experts and, perhaps, seeing New Zealand become a centre for concept vehicle development.
Once we get to full production, apart from making great returns, the project has a capability of employing up to 50 people and turning over $30 million a year, plus it lets the world know New Zealanders are capable of creating fantastic high quality items.”

For a copy of the offer document, contact Jock Freemantle, Managing Director, Hulme Supercars Limited.  E-mail: jock.f@hulmesupercars.com, or write to Hulme Supercars Limited, P.O.Box 97853, Manukau City 2241, Manukau, New Zealand. Web: www.hulmesupercars.com.

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