Cycle Country Accessories Corporation Approved for Listing in Standard and Poor's Corporation Records

    MILFORD, Iowa--Feb. 6, 2002--Cycle Country Accessories Corporation (OTCBB:CYCY), the recognized leader in the development and the manufacturing of custom-fitting accessories for the all-terrain vehicle (ATV), announced today that the Editorial Board of Standard and Poor's ("S&P") has approved Cycle Country Accessories Corporation for a complete listing and description in Standard and Poor's Corporation Records. In addition, Cycle Country Accessories Corporation will have its corporate description published in Standard and Poor's Daily News Section. S&P will also initiate financial coverage of Cycle Country as part of the S&P Access Program. This includes coverage of Cycle Country on S&P's website http://www.advisorinsight.com, as well as S&P Market Scope and the electronic version of the S&P Stock Guide database.
    Standard Corporation Records is a recognized securities manual for the "Blue Sky" Standard Manual Exemption for secondary trading in more than 35 states. Cycle Country Accessories Corporation's listing in Standard Corporation Records should assist the brokerage and investment communities in making a market in Cycle Country Accessories Corporation stock. However, it is recommended that brokers check with the compliance officers or legal counsel for applicable "Blue Sky" laws & regulations pertaining to them.

    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 high quality accessories for the all-terrain vehicle (ATV). Since 1981, Cycle Country has developed an extensive line of branded products of custom-fitting mowers, plows, three-point hitches, sprayers, winch kits, and many other utility accessories along with an expanding line of accessories for the recreational user for virtually every brand of ATV on the market today. The Company'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 every ATV and motorcycle dealer in North America. Additionally, Cycle Country dominates the manufacturing of wheel covers for golf car manufacturers with approximately 90% of the worldwide market and 80% of after-market wheel cover sales, respectively. The Company has strategic arrangements with 19 international distributors providing product sales in Asia, Europe, Central and South America with current distribution agreements in effect in 35 countries. Cycle Country also subcontracts the manufacturing of many original equipment product and product components for local and national vendors.

    For further information, visit Cycle Country's website at http://www.cyclecountry.com or e-mail to IR@cyclecountry.com. Please direct any financial questions to Scott Gibson, Managing Principal at Veritas Capital Group via CYCY@veritascap.com or call 407/562-1900 (EST). Cycle Country Headquarters, 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 - The statements contained in this release may be deemed to contain "forward-looking statements." Such statements are indicated by words or phrases such as "anticipate," "estimate," "projects," "believes," "intends," "expects" and similar words and phrases. Actual results may differ materially.