American Quantum Cycles Approved by AML for Consumer Leasing
8 June 2000
American Quantum Cycles Approved by American Motorcycle Leasing for Consumer LeasingMELBOURNE, Fla. - American Quantum Cycles, a manufacturer of high performance motorcycles, announced today approval by American Motorcycle Leasing for consumer leasing of its heavyweight cruiser and touring motorcycle lines.
American Motorcycle Leasing, a privately held Company, offer both AB credit and subprime leasing to the motorcycle retail market. Over 500 motorcycle Dealers in 38 States carry its leasing program. The six-year-old company provided leases for over 1,000 motorcycles in 1999.
"We have evaluated American Quantum's motorcycle products, have assessed that they are very competitive in the marketplace with respect to price, performance and styling and have approved them for our leasing program," stated Tony Havens, Chief Executive Officer of American Motorcycle Leasing. American Quantum's Chief Executive Officer, Richard Hagen stated, "Being approved by American Motorcycle Leasing will open up retail funding for a large number of our potential customers."
About American Quantum Cycles
American Quantum Cycles manufactures American-made, high performance, custom-made, cruisers and touring style motorcycles with state-of-the-art engines utilizing a patented four-valve head for greater power and lower pollutant emissions. Using a PC-based kiosk Intranet/Extranet system installed in dealer showrooms, customers can select a precise motorcycle design with options tailored to their requirements.
This release contains forward-looking statements that are subject to risks and uncertainties. Although American Quantum Cycles believes that the expectations reflected in its forward looking statements are reasonable, actual results could differ materially from those expectations. Important cautionary statements and risk factors that would affect actual results are discussed in materials filed by American Quantum Cycles with the Securities and Exchange Commission.