Cycle Country Announces Significant Rise in January Financial Results
MILFORD, Iowa--Feb. 23, 2006--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 that initial January 2006 results show a significant increase in revenue, operating income and gross profit.Gross profit grew from $354,710 in January 2005 to $811,472 in January 2006 while operating income grew year over year from a loss of $22,755 to $259,305. Revenues for the month of January 2006 were $1,486,784, an increase over $323,000 or nearly 28% from the same time period last year.
"We are very pleased with our current growth picture," stated Ron Hickman, President and CEO of Cycle Country Accessories Corporation. "Our Weekend Warrior line of products continues to penetrate more markets throughout the country."
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 (ATVs). 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