American Quantum Cycles Inc. Adds Ten New Dealers.Melbourne, Fla.--(BUSINESS WIRE)--June 30, 1998--American Quantum Cycles Inc. (OTC/BB:AMQC) a manufacturer of premium quality, high performance cruising motorcycles Tuesday reported that it has signed ten new dealerships with ten more in process expected to be signed as dealers by July 15, 1998. This brings the total number of domestic AMQC dealerships to eleven. Each dealership gets exclusivity based on a 1 million-person population in their trade-zone. If the dealership wants a broader area there is a corresponding increase in their minimum order requirement. Mike Smith, vice president of sales, said "The ten new dealerships are strategically located with two in Pennsylvania, one each in Virginia, Wisconsin, Georgia, Florida, Illinois, Colorado and three in Texas. "The Colorado dealer wanted a double territory and could actually be counted as two dealers. A major attraction for the new dealerships is AMQC's unique Internet-based sales tool, called "DealerNet via the Internet." Gary Irving, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , went on to state, "Our DealerNet system will be launched in late July and will allow the consumer to design their own custom motorcycle 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. at the dealership." Richard K. Hagen, chairman and chief executive officer, said, "Each dealer makes a minimum commitment for ten motorcycles, so these new dealerships represent sales for 110 motorcycles. When the ten dealerships in process are completed by mid July, we will be 90 days ahead of our business plan schedule with 21 dealerships, a significant accomplishment for a young company." AMQC is currently in production and is accepting qualified dealer applications. American Quantum Cycles is a new entrant en·trant n. One that enters, especially one that enters a competition. [French, from present participle of entrer, to enter, from Old French; see enter. into the worldwide 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. industry with a state-of-the-art engine utilizing a patented four-valve head for greater power and lower pollutant pol·lut·ant n. Something that pollutes, especially a waste material that contaminates air, soil, or water. emissions. For further information contact Greenstone green·stone n. Any of various altered basic igneous rocks colored green by chlorite, hornblende, or epidote. greenstone Noun NZ a type of green jade used for Maori carvings and ornaments Financial Corp. at 888/655-3335 or go to the AMQC Web site at www.quantumcycle.com. Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The words "estimate," "project," "intend," "expect," "believe," and similar expressions are intended to identify forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . These forward-looking statements involve known and unknown risks and uncertainties. CONTACT: American Quantum Cycles Richard R. Dwyer, 954/346-7557 |
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