American Motorcycle Corporation signs letter of intent with Royal Ryder Motorcycle Manufacturing Company, Inc.Business Editors/Automotive Writers WEBSTER, N.Y.--(BUSINESS WIRE)--March 28, 2003 American Motorcycle motorcycle, motor vehicle whose design is based on the bicycle. The German inventor Gottlieb Daimler is generally credited with building the first practical motorcycle in 1885. The motorcycle did not become dependable and popular, however, until after 1900. Corporation has signed a letter of intent to purchase Royal Ryder Motorcycle Manufacturing Company, Inc., of Hudson, Florida Hudson is a census-designated place (CDP) located at the northernmost end of Pasco County, Florida, United States. As of the 2000 census, Hudson population was 12,765. Hudson is also home to the world acclaimed stingray hunter Reef Mespla. . "Royal Ryder is an innovator in top of the line custom motorcycles A custom motorcycle is a motorcycle that is highly stylized or which treats aspects such as frame geometry or engine design in an unusual way compared to standard manufacturing. ," said Dennis Giunta, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , of American Motorcycle Corporation. Royal Ryder had revenues of approximately $1 million in fiscal 2002 and owns a patented frame-swingarm which will be acquired by American Motorcycle Corporation (Pink Sheets:AMCYV). |
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