MicroHoldings US, Inc (fka MCHU)

[realwill]

I wrote to MicroCars President and Marketing manager and received this message below. Doesn't mean to much. But I decided to pass it on?

Guha wrote:
Dear Jeff,

Were you able to send the mail to Dr. regarding your visit and the future of
Micro cars with Centrax. Pls send this mail as we are getting mails from
your investors, as you know I understand the situ but we need to keep Dr.
Informed until you come down.

Thanks
Guha

-----Original Message-----
From: WillNina [mailto:[e-mail]] Sent: Monday, March 12, 2007 12:41 PM
To: [e-mail]; [e-mail]
Subject: Mr. Roy De Silva, Please respond and Read All Below.....
Importance: High*

To All How Believe in the Truth?
So it sounds like nobody will help us or answer any questions. I thought you were men of honor. I misjudged you too much on the positive side. I guess this will be in the legal courts in the months ahead because by not answering you have already answered everyone's questions! MHUS is out
and us loyal investors to your company got screwed even though I tried warn you months ahead of time!!!! You always replied, "see out partner
Jeff Flannery"! I have this writing! Now Flannery will not respond to anyone!
I had such great hope in Micro Cars. And still believe you will be a success! But can you please answer the following press release and let
me know if it is a "dead deal?" I already lost $10,000 in investments
and I am not just a hard working man who believed in your company with
all my heart! Please advise and confirm if these deals with Micro Holding / Centrex are dead?? My wife is very upset and need to know something? I have no more money to invest!

Fri, 9 March 2007 2:07:25 *LBO >> Industries* (From Sri Lanka publication)
09 January 2007 11:26:34
US MicroHoldings buys into Sri Lanka's MicroCars Ltd*

Jan 09, 2007 (LBO) - Sri Lanka's sole automobile maker and assembler
MicroCars Ltd has sold a 40 percent stake of the company to
MicroHoldings Inc of the U.S. for 300,000 dollars, officials said. MicroHoldings plans to raise the money from private investors and pay
for the investment in cash over the next six months. Shareholders of the
local company will also receive warrants in MicroHoldings exercisable
after two years, MicroHoldings said in a statement Tuesday.

Set up in 1995, MicroCars assembles and manufactures about 35-40 cars
per month with capacity to scale up production to around 600 units each
month.

The firm's labour intensive plant turns out sedans, coupes and minivans.
The sedan and coupe sell for about 5,000 dollars each, while the minivan
carries a 10,000 dollar price tag.

The company also assembles a Sports Utility Vehicle (SUV) under license
to a Korean carmaker Sanyan, which sells for around 40,000 dollars per
unit.

"MicroCars has achieved a high level of success in Sri Lanka and has a lot of room to grow in the coming years," said Jeffrey Flannery, CEO MicroHoldings US, Inc.
"At the sametime, its unique manufacturing and assembly operation is a
model that we believe can be successfully replicated in other developing
countries. We look forward to helping MicroCars expand and succeed in
both Sri Lanka and around the world," he said.

*Dear Reader, *
*We hope readers' comments will enrich the Web experience, both for those who post and those who simply read what others have said.
Please feel free to leave your comments on this article. *
* - LBO Team. *
http://www.lankabusinessonline.com/blogComment.php?newsID=1975374420
http://www.lankabusinessonline.com/privacy1.php