Message #18 From:
NewsBot Date: December 19, 2006 04:00:00 AM
ATC News Cycle Country Announces New Products Being Introduced at Major ATV Show
MILFORD, Iowa--(BUSINESS WIRE)--Cycle Country Accessories Corp. (AMEX:ATC), the recognized
leader in developing and manufacturing a variety of products for the all
terrain vehicle (ATV), garden tractors, and golf cars, today announced
they are releasing nine new products at the United States’
largest ATV/Cycle trade show, to be held in Indianapolis, IN, February
17 – 19, 2007. The combined incremental
revenue of these new products is estimated at $7M over the next three
years and a cumulative positive impact to EPS of 32 to 34 cents over the
same time period.
The new products being released include:
Crop Wheel Extenders for the Agriculture and Recreational market
Quick Mount Plow System to speed installation of their new and
installed base of plows
Rough Cut 44 Utility Mower to broaden their line of ATV pull behind
mowers
Harley™ Cone Shaped Oil Filter for Harley
Davidson motorcycles
One-Pass Mow & Spray System to cut in half the time lawn maintenance
companies spend maintaining large estates
ATV Track System Plow Extender to allow snow plows to easily be
attached to the bull-dozer style track systems now being installed on
high-end ATVs
UTV 360○Bed
Mounted Seat System for the hunting, photography markets
High Capacity/High Flow Spreader that is tough enough to handle salt
and sand
Rhino™“Bling”
kits to “dress up”
high end UTVs
Cycle Country is also releasing a new Patent Pending plow for the “Small
Box” market that utilizes a new universal
mounting system. Current technology requires a custom mounting plate to
adapt to each new model of ATV. This new Universal Mounting System will
mount to nearly all ATVs, regardless of the manufacturer, for units of
300cc and above.
With the announcement of these new products, Cycle Country is putting
into place the focus on growth through new product introductions and
staying close to their customers. This strategy was announced in the
news conference of 11/14/06 held by their new President and CEO, Randy
J. Kempf.
About Cycle Country Accessories Corporation
Cycle Country, with over 50% of the worldwide market in several product
categories, is the industry leader in the design and manufacturing of
custom-fitting accessories for virtually every brand of utility
all-terrain vehicles (ATV’s). Cycle Country
also produces accessories for the lawn and garden market through its
subsidiary, Weekend Warrior, and makes high performance oil filters for
the motorsports industry through its wholly owned subsidiary, Perf-Form.
In April of 2005, Cycle Country acquired Simonsen Iron Works, now
operating as Cycle Country, Spencer, providing metal fabrication.
This press release does not constitute an offer to sell or the
solicitation of any offer to buy any securities of Cycle Country
Accessories Corporation, nor shall there be any sale of any such
security in any state in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the securities
laws of any such state. Forward looking statements: This press release
and other statements by Cycle Country may contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act with respect to the outlook for earnings and revenues, other
future financial or business performance, strategies and expectations.
Forward-looking statements are typically identified by words or phrases
such as “believe”, “expect”,
“estimate”, “potential”,
or future/conditional verbs such as “will”,
“should”, and “could”.
