American Quantum Cycles Inc. Books $3,693,480 in Sales.MELBOURNE, Fla.--(BUSINESS WIRE)--August 13, 1998--American Quantum Cycles Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AMQC) Thursday announced results from the Sturgis, S.D., motorcycle rally A motorcycle rally is a gathering of motorcycle enthusiasts. A rally can range from the mild corporate-sponsored Honda Hoot to the infamous Hollister riot. Rallies can be large or small, and one-time or recurring. . The company signed three new dealers representing sales of $527,640, bringing American Quantum's total dealers to 21. With each dealer committing to a minimum of 10 motorcycles, this brings the company's total booked sales to $3,693,480 for fiscal year 1999, which started May 1, 1998. 10 additional prospective dealers put applications in process at Sturgis, thus bringing the total number of new applicants to 20. In addition, more than 200 consumer requests were received, which will be passed on to the nearest American Quantum dealer. AMQC is currently in production and is accepting orders for its 1999 models. The company unveiled its two new 1999 models, a heavy cruiser The heavy cruiser was a type of cruiser; a naval warship. The first heavy cruisers were built in 1915, although the official definition was not finalised until much later (see below). named the Liberty and a touring model named the Pioneer. The company also announced a new 96-cubic-inch engine that had successfully passed performance tests and will soon start EPA EPA eicosapentaenoic acid. EPA abbr. eicosapentaenoic acid EPA, n.pr See acid, eicosapentaenoic. EPA, n. emissions testing. The company also gave demos on its Internet graphics sales tool, the DealerNet. The consumer response was extremely positive to the graphical user interface graphical user interface (GUI) Computer display format that allows the user to select commands, call up files, start programs, and do other routine tasks by using a mouse to point to pictorial symbols (icons) or lists of menu choices on the screen as opposed to having to of the DealerNet and the ability to customize their motorcycles on the Internet. American Quantum offers more factory-delivered customization than any other motorcycle manufacturer. Customization selections include choice of fenders, tires, wheels, seats, handlebars, instruments, paint designs and paint colors, among other items. The positive consumer response to the American Quantum products and the DealerNet led to strong interest on the part of attending dealers. American Quantum Cycles is a new entrant into the worldwide motorcycle 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 Melissa Kirkpatrick at 407/752-0008 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 Inc., Melbourne
Melissa Kirkpatrick, 407/752-0008
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