American Quantum Cycles Adds Legendary Race Car Driver A.J. Foyt to Board of Directors
25 October 1999
American Quantum Cycles Adds Legendary Race Car Driver A.J. Foyt to Board of Directors
MELBOURNE, Fla.--Oct. 25, 1999--American Quantum Cycles Inc. (AMEX:AFV), today announced that A.J. Foyt has agreed to join their Board of Directors.A.J. Foyt, the only four-time winner of the Indianapolis 500, is also the owner of the Power Team car that won the 1998 Indy Race League and the 1999 Indianapolis 500 with driver Kenny Brack.
In addition to joining the Board, Foyt will also continue his National Master Distributor role with American Quantum Cycles. Foyt will be promoting AFV products Nationally including participating in commercials, speaking engagements and other venues, as well as working to increase dealership sales and consumer awareness of AFV products.
A.J. Foyt stated: "I have been delighted with my relationship with American Quantum Cycles. I have seen them grow and mature as a company and I have seen their excellent motorcycle product improve even more to extend its competitiveness, so I was extremely please to be able to expand my relationship with American Quantum Cycles."
Richard K. Hagen, Chairman and CEO of American Quantum Cycles stated "having a legend like A.J. Foyt affiliated with our company symbolizes our dedication to high performance and quality."
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.