Corporate Profile for Arctco, Inc., dated June 7, 1996.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine See AOL. , CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company, Prodigy, Comtex, and many others. -0- Published Date: June 7, 1996 Company Name: Arctco Inc.
Address: 600 Brooks Ave. South
Thief River Falls, MN 56701
Main Telephone Number: 218/681-8558 Chief Executive Officer: William G. Ness Chief Financial Officer: n/a Media Relations Coordinator: Paul James Arctco E-mail: 201-0791@MCImail.com Investor Relations Contact: Ken DiPaola at Mallory Factor Business number: 212/242-0000 Home number: n/a e-mail address: n/a Public Relations Contact: Bob Hicks at Kamstra Communications Business number: 612/696-2400 Home number: n/a e-mail address: bhicks@Kamstra.com URL Address: n/a Trading Symbol: ACAT Industry: Recreational Vehicles Company description: Arctco, Inc., manufactures world-class Arctic Cat Arctic Cat is a producer of all-terrain vehicles and snowmobiles in the United States. Located in Thief River Falls, Minnesota, they are a top competitor with other snowmobile companies such as Polaris, Ski-Doo by Bombardier, and Yamaha Motor Company Ltd.. (R) snowmobiles, Tigershark personal watercraft personal watercraft n. 1. A motorized recreational water vehicle normally ridden by straddling a seat. 2. (used with a pl. verb) Such water vehicles considered as a group. (PWCs) and Bearcat(TM) all-terrain vehicles (ATVs). Arctic Cat snowmobiles were first produced in the 1960s. Since then, Arctco has continued to develop and build snowmobiles and other innovative recreational vehicles from its home base in 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. In 1983, the company went public. Arctco's growth has been impressive. Fiscal 1995 sales were $367 million, an 18 percent increase. For 1995, net earnings were over $33 million. Arctco's latest 52-week high/low stock price was 14 1/2 and 9 1/4. Arctco employs 1,600 people at two manufacturing facilities -- the main plant in Thief River Falls and a molding and painting facility in Madison, S.D. Arctco recently completed a $5 million overhaul of its 500,000 square foot in Thief River Falls facility. In 1993, Arctco entered the personal watercraft business with its Tigershark models. In 1996 Arctco introduced its first 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. -- the Arctic Cat Bearcat 454 4x4 ATV. Arctco's entry into the ATV market was auspicious aus·pi·cious adj. 1. Attended by favorable circumstances; propitious: an auspicious time to ask for a raise in salary. See Synonyms at favorable. 2. Marked by success; prosperous. -- the market is on a strong upward trend, with sales of 1995 ATVs totalling 293,522 units, surpassing sales of both snowmobiles and PWCs. Arctco also designs, engineers, manufactures and and markets Arcticwear(R) snowmobile clothing, Sharkwear(TM) personal watercraft clothing, Arcticwear(R) ATV Apparel, and related genuine parts and accessories. CONTACT: Arctco, Inc. |
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