Karts International's New ``Trail Karts'' Featured At Polaris Conference
13 March 2000
Karts International's New ``Trail Karts'' Featured At Polaris ConferenceROSELAND, La.--March 13, 2000--Karts International Incorporated (OTCBB:KINT) announced the successful introduction of its new line of Polaris fun karts and a mini-bike at the Polaris snowmobile dealer conference in Orlando, Fla., last week.
Charles "Chuck" Brister, President and Chief Executive Officer of the Company, reported that "We were honored to be asked by Polaris to display our new line in the most prominent locations throughout the convention center. With karts positioned in the lobby and courtyard; the new designs, bright colors and bold graphics captured everyone's attention from the moment that they arrived." The new line of karts is being manufactured and marketed under an exclusively licensing agreement between the Company and Polaris Industries Inc.
Mr. Brister stated that "the Polaris karts are such a departure from the traditional fun kart that we are referring to them as Trail Karts(R)." Some of the karts have a newly developed tilt-up brush cage that allow easy access for the operator and passenger. The Company is seeking to patent this design, adding it to other patented features offered on its karts. Additionally, most of the Polaris models feature an ABS plastic front end that is similar in styling to that of a snowmobile. The Company expects to begin shipping trail karts by the end of March and for sales to increase steadily throughout the year.
Karts International Incorporated, through its three wholly owned subsidiaries, Brister's Thunder Karts, Inc., USA Industries, Inc. and Straight Line Manufacturing, Inc. is one of the largest manufacturers of recreational go-karts in the United States.
Polaris designs, engineers, manufactures and markets snowmobiles, all-terrain vehicles, motorcycles, personal watercraft and the Polaris RANGER for recreational and utility use. Polaris is the world's largest snowmobile manufacturer and one of the largest U.S. manufacturers of personal watercraft and ATVs. Polaris Industries Inc. trades on the New York Stock Exchange and Pacific Stock Exchange under the symbol "PII," and the company is included in the S&P SmallCap 600 stock price index.
The information in this news release includes certain forward looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward looking statements are reasonable, it can give no assurance that such expectations or any of its forward looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties.