V-Twin's Retailers Now Using E-Commerce for Purchases, CycleClick.com will be Marketplace for Inventory and Services Procurement
18 January 2001
V-Twin's Retailers Now Using E-Commerce for Purchases, CycleClick.com will be Marketplace for Inventory and Services Procurement
WASHINGTON, Jan. 18 V-Twin Holdings, Inc.
(OTC Bulletin Board: VTWN) today announced that its retail stores have begun
procuring inventory and dealer services through CycleClick.com, the Company's
electronic marketplace for the motorcycle and powersports industry.
CycleClick is powered by PurchasePro, Inc. .
V-Twin's six company-owned stores are conducting transactions through
CycleClick.com to combine their purchasing power, to eliminate the excessive
paperwork of hand-processed orders and to have one, single easy-to-use
ordering system. In several weeks these stores will be making nearly 100% of
their purchases of parts, accessories and supplies through CycleClick.
CycleClick will soon be available to the entire network of V-Twin stores,
including over a dozen Bikers Dream licensees. V-Twin anticipates opening
CycleClick to the thousands of independent motorcycle and powersports
retailers, distributors, manufacturers and service providers across the
country within the next few months.
Roger Cheek, Chief Executive Officer of V-Twin, said, "Motorcycle
retailers are a demanding group that are becoming more aware of their
technology needs. Therefore, before we launch CycleClick to the rest of the
industry we are putting our money where our mouth is. Our own stores are
starting to enjoy the ease and simplicity of CycleClick's ordering system, and
can choose from over 100,000 SKUs to stock their shelves.
"The powersports suppliers that sell through CycleClick are especially
excited about new sales opportunities and less complicated record keeping.
CycleClick's open architecture allows it to be easily integrated with
suppliers' catalogs and ERP systems."
CycleClick differs from other electronic ordering systems because no
proprietary software is required and it is available over the Internet using
any browser. CycleClick is powered by PurchasePro, which has successfully
created similar electronic marketplaces for many other industries.
For information about joining CycleClick as a seller or a purchaser,
register at http://www.cycleclick.com.
V-Twin Holdings, Inc., headquartered in Washington, DC, is integrating
bricks and clicks in the $35 billion motorcycle and powersports industry and
selling e-commerce systems to small and midsized businesses. V-Twin's retail
division owns six motorcycle and powersports stores in Virginia, Texas, and
California. V-Twin licenses its "Bikers Dream" brand name to over a dozen
stores in 14 states. The Company also owns CycleClick.com, a Web-based
electronic marketplace for retailers and manufacturers that want to increase
their purchasing power, sales, and productivity. CycleClick is powered by
PurchasePro, Inc., a leading enabler of e-commerce. V-Twin is an authorized
reseller of PurchasePro's electronic commerce marketplace systems. For more
information visit http://www.vtwin.net or call Richard Paone at 212-539-0768.
V-Twin informs readers that this press release contains forward-looking
statements based on current expectations that are subject to risks and
uncertainties as outlined in V-Twin's 10-QSB dated 11/29/00; these also
include the Company's ability to successfully recruit manufacturers,
distributors and retailers to conduct transactions through CycleClick.com, to
provide cost savings, to resell e-commerce systems to third parties and to
adjust to the rapidly changing technologies, markets and competition in the
Internet and the motorcycle and powersports industries.