Viper Motorcycle Company Gears Up for Production
MINNEAPOLIS, Nov. 16, 2005 -- Viper Powersports Inc. announced that its subsidiary Viper Motorcycle Company will manufacture and assemble Viper's proprietary motorcycles and motorcycle engines at its Minnesota headquarters. Viper had previously announced an agreement to outsource production with Performance Assembly Solutions in Livonia, Michigan. "The decision to keep all our operations under one roof was based upon greater margins and the ability to facilitate production on an acceptable timeline," said John Lai, President of Viper Powersports. Production is expected to commence in the 2nd quarter of 2006.
Viper will launch its 2006 advertising and marketing campaign, dealer programs and an all new product line at the Cincinnati V-twin Expo Feb. 3-5. According to Terry Nesbitt, President of Viper Motorcycle Company, "We will introduce a second model called the Diablo PC. The Diablo Power Cruiser is a long and low version of the Diablo with a 21-inch front wheel and a 260 rear tire. Both the Diablo and the Diablo PC will be available with an optional 115, 128 or 152 all billet Viper engine. These engines are proprietary to Viper and will be available to the aftermarket industry. We offer innovative proprietary technology, short stroke big bore motors that develop more power while producing less heat. The viper engines come standard with steel liners and are EPA certified. At Cincinnati, we will also introduce competitive prices and innovative dealer programs that we believe will set new industry standards."
In addition, Jerry Posey has been hired as the CFO of Viper Powersports. John Lai, President of Viper Powersports, stated, "Mr. Posey brings 25 years of financial operating experience serving as Vice President of Finance and CFO for a number of companies in diverse industries such as manufacturing, service and retail."
Viper's Conference Call scheduled for Nov. 18th 2005.
Investors and analysts interested in joining the conference may access the call by dialing 800-374-0113 -- toll-free (domestic) or 706-758-9607 -- direct-dial (international) approximately 5 minutes prior to the scheduled start. No passcode is required for either number. A replay of the call will be available from 11:30 a.m. CST on Nov. 18th, 2005 through 11:59 p.m. CST on Nov. 21st, 2005. Dialing 800-642-1687 -- toll-free (domestic) or 706-645-9291 -- direct-dial (international) and entering passcode 2549865# for both numbers will access the call replay. A webcast will be available on Viper's website for 360 days following the conference, at http://www.viperpowersports.com/ .
About Viper Powersports Inc.
Through its subsidiaries, Viper Motorcycle Company and Viper Performance Inc., develops, produces and markets a line of premium custom V-Twin cruiser motorcycles, aftermarket engines and other related aftermarket products. Viper cruisers are distributed and sold under the Viper brand name through a nationwide independent dealer network. The Company's website is http://www.viperpowersports.com/ .