Cycle Country Receives Outstanding Business Performance Award Along With American Honda, Harley-Davidson, and Polaris Industries

    MILFORD, Ia.--May 9, 2002--Cycle Country Accessories Corp. (OTCBB:CYCY), the recognized leader in developing and manufacturing custom-fitting accessories for the utility all-terrain vehicle (ATV), is pleased to announce that Mr. Ron Hickman, president of Cycle Country, has been selected as one of the "Top Five Powersports Industry Leaders for 2001." Ehlert's Powersports Business Magazine bestows this prestigious award annually. The five notable corporate leaders were selected for their outstanding business performance and industry leadership during 2001.
    The recipients for this honor include Jeff Bleustein, chairman and CEO of Harley-Davidson Motorcycle Company (HDI), Ray Black, vice president for American Honda Motor Company (HMC), Roger Marshall, founder and CEO of Marshall Distributing, Inc., Tom Tiller, president and CEO of Polaris Industries, Inc. (PII) and Ron Hickman, president of Cycle Country Accessories Corporation (CYCY).
    Mr. Hickman joined Cycle Country as general manager in 1996 while accepting all corporate financial responsibilities as well. Concurrently, he sold his CPA firm, which had handled the Company's books for over 15 years. This career move was the first step in assuming the leadership at Cycle Country from founders, Jim and Jan Danbom. Ron Hickman officially became president of the Company on August 1, 2001.
    Acknowledging this coveted industry leadership award, Ron Hickman stated: "It is certainly humbling to be included with this select group of top corporate leaders. My congratulations go out to Ray Blank, vice president of American Honda for receiving the highest honor of `2001 Executive of the Year.' The other award recipients are truly icons of industry representing corporate achievement at the highest level. I sincerely believe that Cycle Country's emerging global recognition will continue to propel us to the next level of corporate success and beyond."

    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 utility all-terrain vehicle (ATV). Since 1981, Cycle Country has developed an extensive line of branded products of mowers, plows, spreaders, sprayers, hitches and many other utility equipment items along with accessories for the recreational user. The Company's accessories custom fit virtually every brand of ATV on the market. Cycle Country's ATV accessories are distributed throughout the U.S. and Canada by a group of 16 distributors who sell their products to essentially all ATV and motorcycle dealers in North America.
    The Company has also developed strategic arrangements with 19 international distributors that have sold Cycle Country products in 40 countries throughout Asia, Europe, Central and South America. Additionally, Cycle Country dominates the golf car wheel cover market by manufacturing approximately 90% of all wheel covers sold to original equipment manufacturers (OEM's) worldwide. Through a recent acquisition, Cycle Country also sells premium oil filters for motorcycles and ATVs throughout the U.S. under the brand name Perf-form Products.
    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 e-mail to CYCY@veritascap.com or phone 407/772-7719 from 9am until 5pm (EST). Cycle Country Accessories Corporation 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: 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," "potential," or future/conditional verbs such as "will," "should" and "could."