Excelsior-Henderson Motorcycle Announces EPA Certification
22 January 1999Excelsior-Henderson Motorcycle Manufacturing Company Announces EPA Certification of 1999 Super X Motorcycle
BELLE PLAINE, Minn., Jan. 21 -- Excelsior-Henderson Motorcycle Manufacturing Company today announced that the 1999 Super X motorcycle has been certified by the United States Environmental Protection Agency to be in compliance with the Clean Air Act of 1970. The 1999 Super X motorcycle is powered by the Excelsior-Henderson "X-Twin(TM)" 1386 cc engine. This state-of-the art engine is designed with dual overhead cam, four valves per cylinder, closed loop fuel injection and a pentroof combustion chamber. "We are pleased to have passed the EPA certification_and other motorcycle industry performance and safety standards," stated the Co-Founders, Dan, Dave and Jennie Hanlon. "We now look forward to initial shipments as planned during January 1999," the Hanlons also stated. The timing of the first shipments of the 1999 Super X motorcycle will coincide with the first Excelsior-Henderson dealer brand training meetings at the Company's Belle Plaine corporate headquarters next week. Excelsior-Henderson Motorcycle Manufacturing Company is a pre-revenue company which plans to manufacture, market and sell premium heavyweight American cruisers and touring motorcycles, as well as related parts, apparel and accessories branded with a name that evokes an authentic American motorcycling heritage and lifestyle. The Company will distribute its products through a high quality, nationally recognized dealer network. Excelsior- Henderson is one of only two authentic American motorcycle companies exclusively committed to the manufacture of motorcycles. The production- intent 1999 Super X motorcycle was unveiled August 3, 1998, during Sturgis Rally and Races. Notes Concerning Forward Looking Statements: This press release contains forward-looking statements regarding the plan of the Company to produce and sell 1999 Super X motorcycles that involve risks and uncertainties. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of the factors set forth below and the factors described from time to time in the Company's reports on file with the Securities and Exchange Commission, including but not limited to the Company's Annual Report on Form 10-K for the fiscal year ended January 3, 1998 and the Company's Quarterly Reports on Form 10-Q for the quarters ended April 4, July 4, and October 3, 1998. Factors that may affect the timing of production of the Super X include problems in acquisition, installation and successful operation of the motorcycle production equipment, the ability of the Company to locate competent suppliers or obtain adequate quantities of components and supplies at reasonable costs, the ability of the Company to obtain working capital financing as needed, the ability of the Company to hire additional qualified personnel and the ability of the Company's engineering and manufacturing staff to design, engineer and produce the Super X. In addition, for the Company to be successful, its products must be manufactured to meet high quality standards in production volumes. The transition from prototype to mass production will involve various risks and uncertainties that may not be apparent at this time and there can be no assurance that the Company will be able to successfully react to unanticipated difficulties and commence mass production as anticipated. In addition, the Company will be required to obtain certain government approvals and certifications prior to sales of the Super X. Potential delays and costs that could result from obtaining such approvals could result in a delay in motorcycle production.