Cycle Country Announces Reduced Manufacturing Costs and Increased Capacity for Perf-form Oil Filter Product Line
MILFORD, Iowa--Jan. 21, 2003--Management has Scheduled a Conference Call With the Investment
Community for Today At 4:15 p.m. Eastern Time...See Details Below
Cycle Country Accessories Corp. (OTCBB:CYCY), the recognized leader in developing and manufacturing custom-fitted accessories for the all-terrain vehicle (ATV), is pleased to announce that the Company is near completion for the 28,000 square foot expansion of their multi-operational facilities in Milford, Iowa. The new construction will expand all vital plant areas including manufacturing, production, shipping and warehouse operations.
On a related note, the Perf-form Products manufacturing plant located in Big Lake, Minnesota will shortly conclude their move into the newly expanded facilities in Milford. This strategic move will significantly increase manufacturing capacity while reducing manufacturing costs for the Perf-form oil filter and cooler product lines. Cycle Country expects to be in production with this new manufacturing alignment to their main operations by February 3, 2003.
To reiterate last week's press release, corporate management has scheduled a conference call with the investment community for today Tuesday January 21st at 4:15 p.m. (EST). The purpose for the conference call is to review Cycle Country's fiscal 2002 results, current operations and projections for fiscal 2003 ending September 30, 2003. Management will also address an open dialogue during a question and answer session.
Investment professionals and the general public may access the call by dialing toll free at 1-800/245-1683 prior to the start of the phone conference at 4:15 pm. The conference call will be recorded and available for replay listening through Friday January 31st by calling toll free at 1-800-839-6713 or toll at 402-220-2306 (replay PIN No. 5439 395).
The conference call will also be broadcast live over the Internet. To listen to the web cast real time, please go to http://www.viavid.com and click-on the "Events" heading at top of page. Then scroll down and click-on Cycle Country Accessories Corp. Simply fill in the registration form where the only required info is your e-mail address and click "Register" to access the conference call. If you do not have Windows Media Player, it is suggested that you access the site in advance to download and install any necessary audio software at no charge. ViaVid will provide the rebroadcast of this web cast until May 1st.
About Cycle Country Accessories Corp.
Cycle Country, http://www.cyclecountry.com , with over 50% of the worldwide market in several product categories, 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 snowplows, lawnmowers, spreaders, sprayers, hitches and many other utility equipment items along with recreational accessories. The Company's products custom fit virtually every brand of ATV on the market, which are distributed 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 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. Cycle Country sells high-performance premium oil filters and oil coolers for motorcycles and ATVs throughout the U.S. under the brand name Perf-form Products. Cycle Country also manufactures heavy-duty garden equipment attachments for Garden Tractors, ATVs and other utility vehicles within the Lawn & Garden industry under the brand name Weekend Warrior.
For the complete 10-KSB filing, go to the company's website at http://www.cyclecountry.com and click on the Investor Relations heading. Please direct any financial questions to Scott Gibson at Heritage First Capital & Equity Research Group by calling 407/444-5959 or via e-mail to CYCY@heritagefirstcapital.com . 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."