American Quantum Cycles Announces Expansion of Dealer Network
19 October 1999
American Quantum Cycles Announces Expansion of Dealer Network
MELBOURNE, Fla.--Oct. 19, 1999--American Quantum Cycles Inc. (AMEX: AFV-news), announced a continued expansion of their Dealer network to a total of 42 Dealers in 25 States."We continue to add an average of 4-5 new Dealers per month and are on track to accomplish our Business Plan goal of 68 Dealers by the end of our fiscal year (April 30, 2000)," stated CEO Rich Hagen. "Since each Dealer signs for a minimum of 10 motorcycles for the first year, our bookings are now up to 390 motorcycles, with a value of $7 million ", continued Hagen. " Our consistently expanding Dealer network and it's resulting orders along with floorplan financing from TransAmerica and Bombardier, put us in an excellent position to perform to our business plan goals for FY "00", added Hagen.
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.