Cycle Country Accessories Corp. Goes Public Today As An Industry Leader With 20 Years Of Profitability

    MILFORD, Iowa--Feb. 4, 2002--Cycle Country Accessories Corp. (OTCBB:CYCY): After 20 years of sustained profitability and as the recognized leader in the development and manufacturing of high quality accessories for the all-terrain vehicle (ATV), the Company is pleased to announce the initial public trading of Cycle Country common stock today. The shares will initially trade on the NASD OTC Bulletin Board under the stock symbol "CYCY". The Company has a total of 3,625,000 shares outstanding.

    About Cycle Country Accessories Corp.

    Cycle Country, http://www.cyclecountry.com, with over 50% of the worldwide market, is the industry leader in the design, engineering and manufacturing of custom-fitting accessories for the all-terrain vehicle (ATV). Since 1981, Cycle Country has developed an extensive line of branded products of mowers, plows, spreaders, sprayers, three-point hitches, winch kits and many other utility equipment items along with an expanding line of accessories for the recreational user. The Company's accessories custom-fit virtually every brand of ATV on the market including all models from Honda, Polaris, Yamaha, Kawasaki, Suzuki, Arctic Cat, Bombardier and many other less major brands. Cycle Country's ATV accessory products are distributed throughout the United States and Canada by a group of 16 distributors who sell Cycle Country products to essentially all ATV and motorcycle dealers in North America.
    Since first establishing global expansion in 1996, Cycle Country has developed strategic arrangements with 19 international distributors that sell Cycle Country products in Asia, Europe, Central and South America. Current international distribution agreements are in effect in 35 countries.
    Additionally, Cycle Country dominates the golf car wheel cover market worldwide. The Company provides approximately 90% of all wheel covers sold to golf car manufacturers. Sales to the golf car OEMs are made directly by the Company's sales force. Cycle Country also sells their wheel covers to golf courses and golf car dealers through a network of golf equipment distributors. This allows the Company to achieve approximately 80% of the after-market wheel cover sales market. Cycle Country also subcontracts the manufacturing of many original equipment product and product components for local and national vendors.
    Complete financials are available from the Company's SB-2/A filing listed on http://www.sec.gov or the Company's web site http://www.cyclecountry.com under the heading "Investor Relations." For further information, e-mail to IR@cyclecountry.com. Please direct any financial questions to Scott Gibson, Managing Principal at Veritas Capital Group via e-mail to CYCY@veritascap.com or call 407.562.1900 from 9am until 5pm (EST).
    Cycle Country Accessories Corp. - 2188 Highway 86 - Milford, Iowa 51351 - 800-841-2222

    This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of Cycle Country Accessories Corporation, nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

    Forward looking statements: This press release and other statements by Cycle Country may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," or similar expressions.