Bikers Dream In Agreement To Purchase Illusion.SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif.--(BUSINESS WIRE)--Nov. 5, 1997--Bikers Dream Inc. (OTC/BB:BIKR) Wednesday announced the signing of a binding letter of intent to purchase substantially all of the operating assets Operating Assets Another term for working capital. of Illusion Motorcycle Company of America ("Illusion"). Illusion was one of the first U.S. manufacturers to produce a custom V-twin powered motorcycle for the heavyweight cruiser cruiser, large, fast, moderately armed warship, intermediate in type between the aircraft carrier and the destroyer. During World War II, battle cruisers operated as small battleships, combining in one vessel maximum qualities of gun caliber, armor protection, and market. Terms were not disclosed. 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, remarked: "We are excited that Bikers Dream will now join with the team from Illusion to produce and market the full line of Illusion motorcycles in addition to our current Ultra motorcycle product line. Illusion is a respected name in the alternative heavyweight cruiser segment, having produced numerous innovatively designed motorcycles." Don Bittman Illusion's founder will join the Bikers Dream organization as part of the acquisition. "We are pleased that Don Bittman will become an integral part of our manufacturing team, focusing on our design and development efforts," added Rosenman. Bikers Dream is a manufacturer and distributor of heavyweight cruiser motorcycles. Corporate headquarters is located in Santa Ana, Calif., and manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. are located in Riverside, Calif. CONTACT: Bikers Dream 800/927-4730 |
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