Lehman Trikes to carry out private placement



    TSXV -- LHT

    SPEARFISH, SD, July 24 /CNW/ - Lehman Trikes, Inc. (TSXV: LHT) announces
that it proposes to carry out a private placement financing to raise up to
$4,050,000 through the sale of up to 9,000,000 common shares at $0.45 per
share. The proceeds from the placement will be used to expand the company's
facilities and for working capital. The company will be expanding its
facilities to better accommodate the supply of conversion services. The
company may pay finder's fees in connection with this placement, in an amount
yet to be determined. This placement is subject to approval of the TSXV
Venture Exchange, and there is no assurance that this financing will be
completed either in whole or in part.
    Lehman Trikes is traded on the TSX Venture Exchange under the symbol LHT;
for U.S. traders the symbol is LTRKF.

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





For further information:

For further information: Financial Information Contact: 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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