Cycle Country Accessories Corp. Announces Significant Growth in Pre-Season ...
) Announced that it has received a significant increase of pre-season orders for its products for the 2011-2012 season. Based on these pre-season sales levels, the Company reports that it expects sales for the remainder of fiscal year 2011 and fiscal year 2012 to continue the recovery shown so far this year, and it expects total revenue to be up year-over-year, in spite of the approximately $2.0 million per year of lost revenue from the small, contract manufacturing accounts in its Imdyne division that the Company has exited from.In addition, the Company announced that it has signed a term sheet with a new lender to provide a larger working capital credit facility for an aggregate amount of $5,000,000, replacing the Company’s current $2,000,000 working capital facility. The new credit facility will be used to repay the existing line of credit and to provide working capital for its ongoing operations. The funding is expected to close within 30 days.
The Company also announced formally the changes made in its senior management team over the past few months. The Company has rebuilt its executive management based on a team of former leaders of the Company and the industry. The Company has rehired its Vice President of Sales, rehired its Vice President of Product Innovation, as well as retained and elevated two key people to the recently-created positions of Vice President of Product Implementation and Vice President of Risk Management and Strategic Projects.
The Company attributes its current, accelerated growth and efficiencies to its simple plan to serve its core customers with core products.
About Cycle Country Accessories Corporation:
Cycle Country is the recognized industry leader in the innovation, design, sales, and manufacturing of custom fitting accessories for utility and all-terrain vehicles (UTVs and ATVs), under the brand name of Cycle Country Accessories. Products include snowplows, mowers, 3-point hitches and implements, storage boxes and baskets, bed lifts, brush guards and more.
Cycle Country also produces a line of specialty products for golf cars under the brand name of Plazco.
Under the brand name of Perf-Form, Cycle Country manufactures and distributes a line of high performance oil filters focused on older, legacy engines in the motorcycle, ATV, and watercraft industries.
In addition, the company provides metal fabrication and contract manufacturing services to several large original equipment manufacturers (OEM’s) through its Imdyne division.
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and manufacturing of custom fitting accessories for utility and all-terrain vehicles (UTVs and ATVs), under the brand name of Cycle Country Accessories. Products include snowplows, mowers, 3-point hitches and implements, storage boxes and baskets,
The owner of the ATV taken from the Norton Avenue residence is offering a reward of $250 for the return of the 2009 Polaris XP550 or information leading to its return. He's offering $500 for the arrest of the culprits. • Attachments for a snow plow on
and manufacturing of custom fitting accessories for utility and all-terrain vehicles (UTVs and ATVs), under the brand name of Cycle Country Accessories. Products include snowplows, mowers, 3-point hitches and implements, storage boxes and baskets,
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For those who want to enjoy the snow plow, the ATV best suits them. If you are new to this snow bear snow plow , you may be looking for some help in fitting it to your vehicle. We have tips to make it easy for you to fix it.
These steps are quite easy to follow and do not need any extensive experience and hard work. First you assemble the snow plow and use the universal mount to adjust the plow and the vehicle. Now you need to push ATV over the snowplow and be sure it matches to the snowplow’s chassis frame. Connect the ATV with the snowplow by attaching it to the connecting point at hitch in the rear and also attach the side load supports which is under the ATV at the front mount connect point. The last step is to attach the strap to ATV front rack.
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