Welcome to the forums!!! what hliiy region do you live in?
Nice looking bike, are we sure about wether you have a cassette or freewheel in the back? there is a difference and the simpliest way for a novice to tell is if the center of the hub between the flanges (where the spokes thread through) is fatter on one side than the other. this may help
http://sheldonbrown.com/free-k7.html
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“One morning you wake up, the girl is gone, the bikes are gone, all that's left behind is a pair of old tires and a tube of tubular glue, all squeezed out"
Sugar "Kane" Kowalczyk