American Quantum Cycles to Merge With American Motorcycle Company.Business Editors MELBOURNE, Fla.--(BUSINESS WIRE)--Aug. 28, 2000 American Quantum Cycles, Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. : 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 ) and American Motorcycle Company (AMC (Advanced Mezzanine Card) See AdvancedTCA. ) of Delaware announced today an agreement to merge their business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . The new organization will operate as American Motorcycle Company, with headquarters in Washington, DC. The Company will continue listing on the AMEX AMEX See: American Stock Exchange under its current symbol, AFV. As part of the agreement, Murray Smith There are several people named Murray Smith.
Richard Hagen, Chief Executive Officer of American Quantum, will be the amalgamated a·mal·ga·mate v. a·mal·ga·mat·ed, a·mal·ga·mat·ing, a·mal·ga·mates v.tr. 1. To combine into a unified or integrated whole; unite. See Synonyms at mix. 2. company's Chief Executive Officer. In making the announcement, Mr. Hagen said, "Murray Smith has an extraordinary record of achievement in the motorcycle industry, having led Indian Motorcycle as 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. . During his tenure, he restructured Indian from a domestic non-operating company in 1998 to a company with international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. in the motorcycle, licensing, clothing and hospitality sectors. Indian, is estimated to be valued at about $500 million with year 2000 revenues expected to be approximately $150 million. To have such a visionary leader playing a vital role in the growth of American Motorcycle is to the benefit of all shareholders." Mr. Smith said, "I believe that there exists the opportunity today to position American Motorcycle along with Harley-Davidson and Indian Motorcycle in the global marketplace. To achieve this market position we will complete a series of mergers, launch a global licensing program and expand our authorized dealer network. Together with this merging of fine independent American motorcycle companies, we intend to create a global diversified brand that will exceed customer and shareholder expectations. When the market compares our current capitalization, brand name and motorcycle to Indian and Harley-Davidson I am confident that they will agree that there is significant upside for all shareholders." Mr. Hagen also announced that, as a result of the merger, the following senior executives will also play key roles with American Motorcycle: - Gary Irving will continue in his position as Chief Operating Officer and will take direct responsibility for Strategic Development, Information Technology/Services and e-commerce initiatives. - Rick Block, appointed as President of American Motorcycle International. Mr. Block was the court-appointed receiver who consolidated the global trademark rights to Indian Motorcycle before selling it to its current owners. Mr. Block's primary responsibility is the management of global trademark and licensing activity. - Lionel Mercier as Vice President responsible for motorcycle design, production and sales. Mr. Mercier joins American as a veteran of the motorcycle industry with over 20 years of diverse experience in senior management positions, most recently as Vice President Of Indian Motorcycle where he designed the new Chief motorcycle and was responsible for establishing Indian's authorized dealer network. The American Motorcycle brand name was first established in 1902. The original corporate logo is what ties the new American Motorcycle Company to 100 years of American motorcycle history. Today American Motorcycle Company proudly manufactures classic heavyweight cruiser motorcycles, each featuring the heart and soul of our proprietary 4-valve engine. 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. This release is available on the KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Worldwide website at www.kcsa.com. |
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