Bikers Dream Inc. Announces Closing of Deal and Increased Capacity.Business Editors MIRA Mira (mī`rə), [Lat.,=marvelous], variable star in the constellation Cetus; Bayer designation Omicron Ceti; 1992 position R.A. 2h19.0m, Dec. −3°05'. LOMA lo´ma n. 1. (Zool.) A lobe; a membranous fringe or flap. , Calif.--(BUSINESS WIRE)--Feb. 8, 2000 Bikers Dream Inc. (Nasdaq:BIKR) announced today that it has closed the sale of its five company-owned retail stores and its licensing operations to V-Twin Holdings Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :VTWN). The company will now operate using the name Ultra Motorcycle Company and will request shareholder approval of the name change at the next annual meeting. 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, 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. of the company, commented. &uot;With the completion of this transaction, we can now focus all of our resources on building the Ultra manufacturing business, which has historically been our core competency. Ultra motorcycle products are well positioned in the marketplace as the value-priced, quality-built American cruiser. We are also very excited about the completion of two new final assembly lines, which will add the needed capacity to respond to current and future demand.&uot; The company is a manufacturer and distributor of quality-built American heavyweight cruiser motorcycles. Corporate headquarters and manufacturing operations are located in Mira Loma. Certain matters discussed herein are &uot;forward-looking&uot; statements intended to qualify for the safe harbors from liability in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements are subject to certain risks and uncertainties, which could cause actual results to differ materially from those anticipated as of the date hereof. Specific factors that might cause such a difference might include, but not be limited to, those referenced in the company's filings with the Securities and Exchange Commission. The forward-looking statements contained herein are only made as of the date hereof and the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. |
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