Lehman Trikes Closes Westlock Facilities



    TSXV -- LHT

    WESTLOCK, AB, Aug. 11 /CNW/ - Lehman Trikes, Inc. announces that it will
be closing its Westlock, Alberta, Canada fiberglass facility. The company
states that due to a 25% increase in fuel and transportation costs, it is no
longer financially viable to continue operations at the Westlock facility. The
closure will affect all Canadian facilities now retained by Lehman Trikes,
Inc. Lehman stated that employees working in the Westlock fiberglass facility
will receive severance benefits.
    Les Brown, Chairman of the Board of Directors, stated, "Keeping this
facility operational is no longer economically feasible. Fuel and
transportation costs keep increasing to the point that we can no longer
endorse further activity in Westlock. We wish to extend our sincerest
appreciation to all employees for their loyalty and their many contributions
made to Lehman's success over the years. We wish them all the best in the
future."
    Dan Patterson, President and CEO stated, "The decision to close the
Westlock facility was difficult. However, the fiscal reality is that our
customer base, financial resources, and logistical operations will benefit by
this action. While we have experienced 26% revenue growth over last year, our
profitability is down. This action is expected to increase our profitability
for the benefit of all shareholders. Our Westlock employees have been
dedicated to Lehman Trikes' success over the years and they should take pride
in their contributions to our success. We wish them good luck in all their
future endeavors."

    
    THE TSX VENTURE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
    ACCURACY OF THE RELEASE
    





For further information:

For further information: Timothy Kling, CFO, Lehman Trikes USA, Inc.,
125 Industrial Drive, Spearfish, SD, 57783, Phone: (605) 642-2111, Fax: (605)
642-1184, Trading Symbol: LHT:TSXV, Email: info@lehmantrikes.com or
investorinfo@lehmantrikes.com, Website: www.lehmantrikes.com

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LEHMAN TRIKES INC.

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