Snowplow Blade Demand has Cycle Country Producing at Full Capacity
MILFORD, Iowa, Oct. 28, 2003 -- Cycle Country Accessories Corp. (AMEX:ATC) , the outright leader in developing and manufacturing select custom-fitting accessories for the all-terrain vehicle (ATV) and other diversified industry products, is increasing production due to the increasing demand for its industry leading snowplows. ATC has increased snow plow production by ten to twelve percent over last year while continuing production of its other lines of ATV accessories. Cycle Country is on pace for a record quarter, as the current order backlog is over twenty-five percent higher than last year.
Recent initiatives of management to increase the durability and the product features of their snowplow blades have been well received by the company's dealers and distributors. The manufacturing plant in Milford, Iowa, where an expansion of 28,000 square feet was completed earlier this year, has been running at full capacity since mid-September. ATC has been successful in expanding relationships with current distributors, marketing to the ever- growing Custom Utility Vehicle (CUV) market, and developing relationships with OEM lawn and garden manufacturers. Through these relationships, Cycle Country has been able to deliver its custom designed and produced snowplow blades to meet the demands of their toughest customer, the independent dealer.
"Our orders reflect the continued belief that we are providing a superior product," says Ron Hickman, President and CEO of Cycle Country. "We continue to be the only manufacturer that stands behind our snow plow blades with a lifetime warranty. Our product improvements have distanced ourselves from the competition and we are seeing the results in our customers' orders."
A recent AG Edwards survey reports that ATV sales were up 11 percent in 3Q03. The increase of orders for additional accessories has reflected that trend. With ATV owners realizing the utility of these vehicles, demand for Cycle Country's snowplows and other ATV attachments has materially increased.
About Cycle Country Accessories Corp.
Cycle Country, 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 to essentially all ATV and motorcycle dealers in North America.
The Company has 19 international distributors that sell Cycle Country products in 35 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 worldwide. The Company sells high-performance premium oil filters for motorcycles and ATVs throughout the U.S. under the brand name Perf-form Products. They also manufacture heavy-duty garden equipment attachments for garden tractors, ATVs and other utility vehicles within the Lawn & Garden industry under their brand name Weekend Warrior.
For the latest SEC filings or past news releases, go to the company's website at www.cyclecountry.com and click on the Investor Relations heading. Please direct any financial questions to Todd Doom at Modern Media, LLC. (317) 413-7990.
Cycle Country Accessories Corp: 2188 Hwy. 86 -- Milford, Iowa 51351 -- 800.841.2222.