American Quantum Cycles Receives Floorplan Financing From TransAmerica.MELBOURNE, Fla.--(BUSINESS WIRE)--Oct. 12, 1999-- American Quantum Cycles Inc. (AMEX AMEX See: American Stock Exchange :AFV AFV Alternative-Fuel Vehicle AFV America's Funniest Home Videos (TV show) AFV Armored Fighting Vehicle AFV America's Funniest Videos AFV Amniotic Fluid Volume AFV America's Funniest Home Video AFV Avantage Fiscal ), today announced that it has received floorplan financing from TransAmerica. This financing will allow American Quantum Dealers to finance purchases of motorcycles from American Quantum via TransAmerica. TransAmerica is a leader in floorplan services for the motorcycle industry and is presently working with over 600 motorcycle Dealers. TransAmerica has also approved the American Quantum Liberty product line for consumer financing at the retail level. American Quantum Cycles also uses Bombardier Capital, a $1 billion financial service company, for Dealer floorplan financing. Chairman 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. , Richard Hagen, stated, "our approval for financing from TransAmerica will streamline our Dealer sales process A sales process is a systematic approach for performing product or service sales. The reasons for having a sales process include seller and buyer risk management, achieving standardized customer interaction in sales and scalable revenue generation. and will also make us that much more attractive to new Dealers." About American Quantum Cycles American Quantum Cycles manufactures American-made, high performance, custom-made, cruisers and touring style motorcycles with state-of-the-art engines 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. Using a PC-based kiosk Intranet/Extranet system installed in dealer showrooms, customers can select a precise motorcycle design Motorcycle Design can be described as activities that define the appearance, function and engineering of motorcycles. Professionally it is a branch of industrial design, similar to automotive design using identical techniques and methodology, but not as focused on styling. with options tailored to their requirements. For more information visit the Company's Web site at www.quantumcycles.com. This release contains forward-looking statements that are subject to risks and uncertainties. Although American Quantum Cycles believes that the expectations reflected in its forward looking statements are reasonable, actual results could differ materially from those expectations. Important cautionary statements and risk factors that would affect actual results are discussed in materials filed by American Quantum Cycles with the Securities and Exchange Commission. |
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