DEARBORN, Mich., April 21, 1999 – The Mustang Museum Board of Directors has decided to reopen its search for a museum location. The Board is exploring the option of joining with an existing museum or attraction to house a Mustang collection. "With 429 Mustang clubs nationwide, and 70,000 Mustang Club members, we think we have a lot to offer an established automotive museum," said Mustang Museum Board President Bill Dillard.

The Board had considered stand-alone museum sites in Orlando, Florida and Atlanta, Georgia. However, increasing competition in the tourism industry and projected high operating costs made the museum project economically unfeasible.

"After performing our due diligence, the numbers just didn't pencil out," said Mustang Museum Board President Bill Dillard. "The fund raising effort would have consumed the time and energy of hundreds of Mustang enthusiasts. In the end, we decided we'd rather devote our passion to the cars, not to fund raising."

Ford Continues Support

Ford Motor Company will continue to support the Board's efforts. "This all-volunteer group has worked hard, and we appreciate the effort they have made," said Ford Mustang Brand Manager Lon Bollenbacher.

"They are great friends for Ford. Most companies would beg to have customers this devoted to their brand. We intend to support these loyal customers until we achieve our goal of finding a place where people can celebrate the Mustang legacy," Bollenbacher said.

The Mustang Museum Board is a non-profit, all-volunteer group. The Ford Mustang is one of the premier nameplates in automotive history, and celebrated its 35th anniversary April 17, 1999. More than seven-million Mustangs have been sold in that time.