What bike is this? (found on Craigslist)
 

http://lasvegas.craigslist.org/bik/250320895.html

COMPACT FOLDING BICYCLE - Used
This bicycle is comfortable, fun to ride and easy to use. It comes with fenders, spring loaded rear carry rack, rear flasher and kick stand. It is a great bike for commuters, RV travelers or for just cruising around town. With 20" wheels and a 2-speed gear system (back peddle to change from one gear to the other) this is a fun bike to ride.

You don't have to struggle with bike racks as this bike folds up to fit safely out-of-sight in the trunk or the back seat of your car. Made in Austria
Contact me now to buy this folding bike.


Location: North Las Vegas

I'm prety sure it's this.
They've been around forever, but I have no personal experience with them. Best of luck.

Its a 'U-Frame' folder.
Lots of those bikes/frame are available around the world (I used to ride a similar bike).
Some are nice to ride around town BUT the U-frame folder is inferior to other desighs such as the Twenty and the BF.

I dont recall who, but a member had upgraded a U-Frame folding bike and enjoys his creation very much

That was a sweet black fixie - it's on the Fixed Gear gallery and the owner posted here (Dutch I think) but I don't recall his name.

I may be the person Guy is referring to. I picked up an old Royce Union u-tube folder from the trash a few months ago and retrofitted alloy wheels and a Shimano 333 hub. It was originally a single-speed coaster brake bike. I think for $35 (maybe $30) this should be a good deal. The hub you're describing sounds like a Sachs Torpedo duomatic.