Rhino Outdoor International (ROI) Acquires YamaBuggy Sales and Distribution, Inc.
HENDERSON, Nev.--Rhino Outdoor International, Inc., (RHOI.PK), which operates outdoor activity based businesses, announced today that the company has completed the acquisition of YamaBuggy Sales and Distribution, Inc. (YamaBuggy) through a share exchange agreement. YamaBuggy has the exclusive North American distribution rights for the innovative side-by-side off road buggy that combines rugged construction, a bold look and superior performance. The vehicle is powered by a proven 23hp, 4stroke 400cc engine that is designed and manufactured by the Yamaha JV factory. Over 300 YamaBuggies have been sold through a nationwide dealer network in 2007. ROI will immediately begin receiving revenue from sales.
“This is a major step in our strategic plan to develop products and services that appeal to the growing market of outdoor oriented consumers,” stated Howard Pearl, CEO/President of ROI. “The YamaBuggy is a proven product, with a huge potential for growth and the company is operated by very talented, experienced management.”
“We are very pleased to join the ROI Family of Companies,” stated John Wong, President of YamaBuggy and XATVusa brand. “Like the Rhino Off-Road RTV, the YamaBuggy appeals to a large segment of the outdoor enthusiast market. Combining our marketing efforts and distribution systems with the other companies of ROI makes great business sense.”
The vehicle is currently available through a growing nationwide network of off-road
dealers. The YamaBuggy has a 90 day limited warranty and has a MSRP of $5,500 to $6,000. For more information, visit www.YamaBuggy.com.
About Rhino Outdoor International
Rhino Outdoor International is a development company that operates outdoor activity based businesses including Rhino Off-Road Industries, W.E.ROCK (World Extreme Rock Crawling Series) and most recently, YamaBuggy. Success of the company is tied to the continued up-growth of outdoor activities worldwide – and the resulting demand for products and services by people of all ages. Whether in the mountains, deserts, waterways, roads or skies consumers have adopted outdoor lifestyle activities – and are purchasing the equipment and services that sustain them - at an ever-increasing rate. It is the vision of the company to build an organization of manufacturers with a common appeal to this growing market. For more information, visit www.RhinoBrands.com.