Continued Strong ATV Sales Trend Has Industry Analysts Projecting 2005 ATV Unit Sales to Reach 1.1 Million Worldwide.MILFORD, Iowa Milford is a city in Dickinson County, Iowa, United States. The population was 2,474 at the 2000 census. The town includes many businesses related to its location in the Iowa Great Lakes region. -- Cycle Country Accessories Corp. (AMEX AMEX See: American Stock Exchange :ATC ATC Air Traffic Control ATC Average Total Cost ATC Certified Athletic Trainer ATC At the Center (Hartford, Maine retreat center) ATC Applied Technology Council ATC All Things Considered ), the outright leader in developing and manufacturing select custom-fitting accessories for the 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. ) and other diversified industry products, announced today that ATV industry analysts project 2005 U.S. ATV sales to exceed 875,000 units and worldwide sales to exceed 1.09 million units, a steady 5% increase over 2004 U.S. and worldwide sales, respectively, as noted by Ehlert Powersports Business. Industry analyst, Tim Condor of A.G. Edwards, goes on to project that "U.S. retail unit ATV growth over the next several years will approximate mid-single digits" as the ATV segment continues to be "the most under-penetrated of the of the three major powersports segments and serves a wider variety of purposes when compared to snowmobiles and watercraft." "As one of the world's largest manufacturers of ATV accessories, we have the proven know-how and capacity to outfit every major brand of utility ATV out there today, as well as tomorrow," stated Ron Hickman, 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. of Cycle Country. "The ATV industry has seen solid growth over the last ten years and so has Cycle Country. We are excited by the projections that the growth will continue for several more years," continued Ron Hickman. "Cycle Country's philosophy of making accessories to fit every major brand of utility all terrain vehicle made means that an ATV owner has the opportunity to increase the functionality of their ATV so that it can do more and work harder." About Cycle Country Accessories Corp. Cycle Country, with over 50% of the worldwide market in several product categories, is the industry leader in the design and manufacturing of custom-fitting accessories for virtually every brand of utility all-terrain vehicles (ATV's). To view company information, updates, the latest SEC filings or past news releases, go to the company's website at http://www.cyclecountry.com and click on the Investor Relations Investor relations The process by which the corporation communicates with its investors. heading. Please direct any financial questions to Todd Doom at Magellan Financial Media Group, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . (317) 867-2839. This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of Cycle Country Accessories Corporation, nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. Forward-looking statements: This press release and other statements by Cycle Country may contain forward-looking statements within the meaning of 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 with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "potential," or future/conditional verbs such as "will," "should" and "could." |
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