Cycle Country Announces New Products Being Introduced at Major ATV Show
MILFORD, Iowa--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:
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.