Just bought this for my girlfriend and I thought it was kind of interesting. It's a 48 cm Nishiki International "Triathlon" and it has small front wheel so that the top tube can be shortened. I've never seen one in real life until this one. I replaced a spent saddle and the some broken dia compe brakes.
On a side note, does anyone have any suggestions about teaching an adult to ride? She grew up on a very steep hill and didn't really do much cycling as a kid so I'm starting from scratch more or less. She stays on but has a hard time stopping and sometimes balance is an issue. Any ideas?