Patriot Motorcycles Adds Key Southeast Region to U.S. Distribution Network with Initial $4 Million CommitmentSAN CLEMENTE, Calif.--April 27, 2005--Patriot Motorcycles Corporation (Pink Sheets: PMCY) today announced the addition of the Southeast Region to its rapidly expanding U.S. Distributor Network.
The new alliance grants exclusive distributorship of the entire Yamoto by Patriot(TM) line of Dirt Bikes and All-Terrain Vehicles (ATV's) to East Coast Patriot Distributors, Inc. of Fort Lauderdale, Florida for a seven state area - including Florida, Georgia, Mississippi, Alabama, Arkansas and both North and South Carolina.
The agreement also contains distribution options for 11 additional Eastern states and includes a sales-performance guarantee in the form of a purchase order for an initial 4,750 units representing a minimum $4 million dollar commitment by year's end.
The East Coast Patriot Distributors organization is headed by Parry Goodman, organizer and former Chairman of the Board of Floridian Community Bank and a 25-year veteran Florida businessman.
"The Southeast region is a major market for these products," notes Parry Goodman, CEO of East Coast Patriot Distributors, Inc., "and Florida is one of the leading states for recreational vehicles ...with a large number of Motocross tracks, with huge and loyal attendance, and thousands of acres of riding areas. The Yamoto by Patriot line-up has everything it takes to make a dynamic and dramatic entry into this market...and it all starts this weekend."
Introduction of the Yamoto by Patriot brand and the new dealer organization to the booming Southeast market will take place at the mammoth McDonald's Air & Sea Show, April 30 - May 1, 2005,along four miles of coastal Fort Lauderdale, Florida.
Billed as one of the world's largest spectator events, the Air & Sea show is part of a week-long extravaganza - encompassing Fleet Week USA and National Salute to America's Heroes - drawing over four million people to South Florida.
The East Coast Patriot Distributor organization will sponsor a "Yamoto by Patriot(TM) Pavilion" at the show featuring numerous Dirt Bikes and All-Terrain Vehicles - and will give out thousands of the new "Ride to Freedom" interactive CD brochures (which drew record-breaking "post-event" viewing at the recent Grand Prix of Long Beach). Key Patriot Motorcycles executives - CEO, Michel Attias and President of Sales and Marketing, Mark Green - will also welcome visitors.
"An important aspect of the Yamoto by Patriot brand...in addition to extremely competitive pricing and our exclusive five-year guarantee," notes Patriot Motorcycles President, Dan Cwieka, "is our commitment to on-going customer service based on a high-profile local dealer presence. The addition of this seasoned East Coast Patriot Distributor group fulfills this commitment within this extremely important region."
About Patriot Motorcycles Corporation
Patriot Motorcycles (PMCY) is the exclusive distributor of the Yamoto line of Dirt Bike motorcycles and All Terrain Vehicles (ATVs) manufactured in China. The company and its management are firmly committed to building the Yamoto by Patriot (TM) brand, to building a significant and substantial Domestic and International dealer organization and to distributing the finest products that consistently out-price the competition (by as much as 50%). Patriot is also the first and only company to offer a Five Year Guarantee based on after-sale use of its co-branded zMAX(R) Micro-Lubricant. Additional Patriot branded products and accessories are also being evaluated. Yamoto by Patriot (TM) - poised to become the first great Chinese-manufactured brand.