http://biz.yahoo.com/bw/050125/255114_1.htmlContinued Strong ATV Sales Trend Has Industry Analysts Projecting 2005 ATV Unit Sales to Reach 1.1 Million Worldwide
Tuesday January 25, 8:00 am ET
MILFORD, Iowa--(BUSINESS WIRE)--Jan. 25, 2005--Cycle Country Accessories Corp. (AMEX:ATC - News), the outright leader in developing and manufacturing select custom-fitting accessories for the all-terrain vehicle (ATV) and other diversified industry products, announced today that ATV industry analysts project 2005 U.S. ATV sales to exceed 875,000 units and worldwide sales to exceed 1.09 million units, a steady 5% increase over 2004 U.S. and worldwide sales, respectively, as noted by Ehlert Powersports Business. Industry analyst, Tim Condor of A.G. Edwards, goes on to project that "U.S. retail unit ATV growth over the next several years will approximate mid-single digits" as the ATV segment continues to be "the most under-penetrated of the of the three major powersports segments and serves a wider variety of purposes when compared to snowmobiles and watercraft."
"As one of the world's largest manufacturers of ATV accessories, we have the proven know-how and capacity to outfit every major brand of utility ATV out there today, as well as tomorrow," stated Ron Hickman, President and CEO of Cycle Country. "The ATV industry has seen solid growth over the last ten years and so has Cycle Country. We are excited by the projections that the growth will continue for several more years," continued Ron Hickman. "Cycle Country's philosophy of making accessories to fit every major brand of utility all terrain vehicle made means that an ATV owner has the opportunity to increase the functionality of their ATV so that it can do more and work harder."
About Cycle Country Accessories Corp.
Cycle Country, with over 50% of the worldwide market in several product categories, is the industry leader in the design and manufacturing of custom-fitting accessories for virtually every brand of utility all-terrain vehicles (ATV's).
To view company information, updates, the latest SEC filings or past news releases, go to the company's website at
http://www.cyclecountry.com and click on the Investor Relations heading. Please direct any financial questions to Todd Doom at Magellan Financial Media Group, LLC. (317) 867-2839.
This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of Cycle Country Accessories Corporation, nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. Forward-looking statements: This press release and other statements by Cycle Country may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "potential," or future/conditional verbs such as "will," "should" and "could."
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Contact:
Magellan Financial Media Group, LLC
Todd Doom, (317) 867-2839
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Source: Cycle Country Accessories Corp.
