Cycle Country Preliminary Numbers Show Gross Profit Jumps 74% In September; Revenues Increase 14%
MILFORD, Iowa--Oct. 2, 20056, 2005--Cycle Country Accessories Corp. (AMEX:ATC), the recognized leader in developing and manufacturing a variety of products for the all terrain vehicle (ATV), garden tractors, and golf carts, today announced preliminary results for the month ending September 30, 2005, which indicates gross profit increased 74% to $806,904 from $464,847 in September of last year."We are pleased with our progress, specifically with the integration of our recent acquisition and the introduction of new products," said Cycle Country President and CEO Ron Hickman. "We achieved our goal of increased profits for the month, and expect that trend to continue."
In addition, Cycle Country saw an increase of revenue by fourteen percent in the same time period. Finally, operating income rose to over $215,000 for the month.
About Cycle Country Accessories Corporation
Cycle Country, with over 50% of the worldwide market in several product categories, is the industry leader in the design and manufacturing of custom-fitting accessories for virtually every brand of utility all-terrain vehicles (ATV's). Cycle Country also produces accessories for the lawn and garden market through its subsidiary, Weekend Warrior and makes high performance oil filters for the motorsports industry through its wholly owned subsidiary, Perf-Form. In April of 2005, Cycle Country acquired Simonsen Iron Works, now operating as Cycle Country, Spencer, providing metal fabrication.
www.cyclecountry.com
www.perf-form.com
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".