PAGE 4 - RESURRECTING RUPP

We met with Joe Hrudka and a  purchase price of $600,000.00 was established with him, “however I think this could have been negotiated down from there”,  for the parts and existing tooling which he indicated was about ten cents on the dollar, however the tooling was already transferred to a firm in Janesville, Wisconsin but was still available.  During our visit with Mr Hrudka, I made it clear to him that I did not have this kind of money and the funds would have to come from investors.  He advised me during our visit that he thought Rupp could be brought back to existence and he further stated that he thought that if we would put all our emphasis on quality instead of volume and hand build the snowmobiles, they could become The Cadillac of snowmobiles.  While at his home,  Mr Hrudka also gave us a tour of his mansion and a museum of restored 1957 Chevrolet convertibles and hard tops.  He also spoke of his gasket factory where they manufacture all kinds of gaskets for various industries.