Patriot Motorcycle Corporation Successful Product Launch in HawaiiCORONA, Calif.--Jan. 8, 2002--Patriot Motorcycles Corporation (OTCBB:PMCY), a designer, manufacturer and distributor of hybrid motorcycles and motorcycle accessories, announced today that it launched the introduction of it product line in conjunction with Pacific Rim Cycle in the Hawaiian Islands.
Pacific Rim Cycle is one of the premier motorcycle dealers with locations throughout the state of Hawaii.
"We are pleased that our Patriot motorcycles were introduced to motorcycle enthusiasts as part of Pacific Rim Cycle's Annual Holiday Run," said Patriot Motorcycle CEO and President Michel Attias. "As part of Patriot's agreement with Pacific Rim Cycle the dealership will be provided with at least $2 million in inventory over the next twenty four months."
Mr. Attias, added that, "Patriot is currently working with over 45 dealers in North America, Puerto Rico, Mexico and South America and we are very excited about the support and commitment that Pacific Rim Cycle has made to the Patriot product line."
Patriot Motor Cycle has launched its 2002 media and advertising campaign with advertisements in publications such as Full Throttle, Hot Bikes and Cycle Traders. As part of its agreement with Patriot, Pacific Rim Cycle will be launching a local media program featuring the Patriot line of motorcycles.
About Patriot Motorcycles Corporation
Patriot exclusively uses the Harley-Davidson(TM) twin-cam 95 cubic inch engine, Harley-Davidson transmissions and 'Screamin Eagle' pistons. Patriot designs all of its motorcycles based on performance, quality and price. Patriot, through their dealer organization, provides a four-year limited manufacturer's warranty that is transferable and can be extended for seven years. Currently Patriot features three rigid-frame models including the Fury, Fury SE (limited edition) and Chopper; four rubbermount-frame models, including the Menace RC, Phantom, Predator and Stalker; and six softail models including the Big Easy 1800, Big Easy 2500, Babylon 1800, Babylon 2500, Menace SC and the Raider SSE (limited edition). To learn more about Patriot Motorcycles, visit the company's web site at www.patriotmotorcycles.com.
The statements in this press release that relate to future results, market penetration, projected revenue growth and profitability trends, are forward-looking statements. These forward looking statements involve certain risks and uncertainties associated with demand for the company's products and services, development of markets for the Company's products and services as well as other risks identified in the Company's SEC filings. Actual results, events and performance could differ materially. Readers are therefore cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Patriot Motorcycles Corporation undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.