Bikers Dream Abandons Illusion Purchase.SANTA ANA, Calif.--(BUSINESS WIRE)--Feb. 23, 1998--Bikers Dream Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BIKRD) Monday announced that it has abandoned the previously announced purchase of substantially all of the operating assets Operating Assets Another term for working capital. of Illusion Motorcycle Company of America ("Illusion") since the owners of Illusion are unable to complete the transaction. Herm herm, in Greek art herm (hûrm), in 6th-century Greek art, vertical pillar surmounted by a bearded human head and often having a phallus below. These structures were considered sacred to Hermes. Rosenman, president and chief executive officer of Bikers Dream, indicated that much of the underlying value in the purchase was placed on intangible assets which, after considerable due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , could not be conveyed to Bikers by the owners of Illusion. Bikers Dream is a manufacturer and distributor of heavyweight cruiser motorcycles. Corporate headquarters is located in Santa Ana, and manufacturing operations are located in Riverside, Calif. CONTACT: Bikers Dream Inc., Santa Ana 800/927-4730 |
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