American Quantum Cycles Receives Floorplan Financing From TransAmerica
12 October 1999
American Quantum Cycles Receives Floorplan Financing From TransAmerica
MELBOURNE, Fla.--Oct. 12, 1999--American Quantum Cycles Inc. (AMEX:AFV), today announced that it has received floorplan financing from TransAmerica. This financing will allow American Quantum Dealers to finance purchases of motorcycles from American Quantum via TransAmerica. TransAmerica is a leader in floorplan services for the motorcycle industry and is presently working with over 600 motorcycle Dealers. TransAmerica has also approved the American Quantum Liberty product line for consumer financing at the retail level. American Quantum Cycles also uses Bombardier Capital, a $1 billion financial service company, for Dealer floorplan financing.Chairman and CEO, Richard Hagen, stated, "our approval for financing from TransAmerica will streamline our Dealer sales process and will also make us that much more attractive to new Dealers."
About American Quantum Cycles
American Quantum Cycles manufactures American-made, high performance, custom-made, cruisers and touring style motorcycles with state-of-the-art engines utilizing a patented four-valve head for greater power and lower pollutant emissions. Using a PC-based kiosk Intranet/Extranet system installed in dealer showrooms, customers can select a precise motorcycle design with options tailored to their requirements. For more information visit the Company's Web site at www.quantumcycles.com.
This release contains forward-looking statements that are subject to risks and uncertainties. Although American Quantum Cycles believes that the expectations reflected in its forward looking statements are reasonable, actual results could differ materially from those expectations. Important cautionary statements and risk factors that would affect actual results are discussed in materials filed by American Quantum Cycles with the Securities and Exchange Commission.