Arctic Cat ATV Agreement With Massey Ferguson Begins With Distribution in the United Kingdom.Business Editors THIEF RIVER The Thief River is a tributary of the Red Lake River in northwestern Minnesota in the United States. Via the Red Lake River, the Red River of the North, Lake Winnipeg and the Nelson River, it is part of the watershed of Hudson Bay. FALLS, Minn.--(BUSINESS WIRE)--Sept. 14, 2000 Snowmobile and all-terrain vehicle all-ter·rain vehicle n. Abbr. ATV A small, open motor vehicle having one seat and three or more wheels fitted with large tires. It is designed chiefly for recreational use over roadless, rugged terrain. (ATV (1) (Advanced TV) An early name for the digital TV standard proposed by the Advisory Committee on Advanced Television Service (ACATS). See ACATS. See also ATV Forum. (2) (Analog TV) Refers to the NTSC, PAL and SECAM analog TV standads. ) maker Arctic Cat Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ACAT ACAT See: Automated Customer Account Transfer ) today announced it will manufacture five utility-class ATV models for distribution in select European agricultural markets under the Massey Ferguson(R)brand name. Massey Ferguson has the world's largest distribution network for agricultural equipment. The two- and four-wheel drive ATVs will be immediately available through Massey Ferguson dealerships in the United Kingdom. Arctic Cat and Massey Ferguson parent company AGCO AGCO Alcohol and Gaming Commission of Ontario AGCO Anderson, Greenwood, & Company AGCO After Google Check-Out Corporation also plan market evaluations in other European markets, as well as Africa, the Middle East, East Asia and the Pacific Rim. AGCO-U.K. will not distribute Massey Ferguson-branded ATVs in North America. "Arctic Cat best-in-class utility ATVs are ideally suited for the international market because the majority of the ATVs sold outside of North America are used primarily for agricultural purposes," said Arctic Cat 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. Chris Twomey. "The agreement with Massey Ferguson solidifies the Arctic Cat reputation for ruggedness, reliability and performance." Massey Ferguson, which manufactures the number one selling brand of farm tractor worldwide, selected Arctic Cat as its agricultural ATV supplier following two years of extensive testing and review among competitive machines. "With many features superior to other makes, including ground clearance, suspension travel, braking performance and load and towing capacity," Massey Ferguson noted in its product announcement, "the ATVs are ideally suited to demanding work on rugged terrain found on many farms in United Kingdom markets." Twomey did not disclose unit volumes associated with the agreement. He said the relationship with a leading, well-established agricultural brand like Massey Ferguson provides entry to important international markets "by leveraging a distribution system that sets farming industry standards for excellence in equipment sales and marketing, parts, service and technical support." Arctic Cat Inc. designs, engineers, manufactures and markets snowmobiles and all-terrain vehicles (ATVs) under the Arctic Cat(R) brand name, as well as related parts, garments and accessories. For more information, please visit Arctic Cat's Web site at www.arctic-cat.com. |
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