UPTREND Approves Manufacturer and Places Initial Order.Business Editors AUSTIN, Texas--(BUSINESS WIRE)--June 8, 2004 UPTREND uptrend A series of price increases in a security or in the general market. Some investors believe a security tends to take on a certain inertia; as a result, these investors search for stock in an uptrend, thinking that it will probably continue to move in Corp. (Pink Sheets:UPTD) announced today that it has approved the manufacturer and placed its initial purchase order for its AirVest motorcycle safety Accident rates Motorcycles have a far higher fatality rate per unit of distance travelled when compared with automobiles. According to the US Highway Safety Authority, in 2002 20.9 cars out of 100,000 ended up in fatal crashes. The rate for motorcycles is 66.7 per 100,000. vest. "AirVest represent the newest technology in motorcycle safety while still maintaining the style of the traditional leather vest; therefore the manufacturer must meet certain quality and safety standards Safety standards are standards designed to ensure the safety of products, activities or processes, etc. They may be advisory or compulsory and are normally laid down by an advisory or regulatory body that may be either voluntary or statutory. ," stated Mr. Drew, UPTREND Corp.'s CFO See Chief Financial Officer. . "We are pleased to announce that the manufacturer selected uses not only the highest quality leather but also adheres to the strictest safety and quality control standards." The "AirVest" is the most revolutionary product to hit the motorsports industry since the helmet. An innovation in high quality safety gear, the AirVest acts as a wearable airbag in the event of an accident, helping to protect the rider's chest and back from impact. AirVest is lightweight, inflates in milliseconds and is reusable. AirVest is also comfortable and stylish. The initial purchase order consists of 600 leather and 600 nylon dernier vests, and product delivery to UPTREND shall occur by July 31, 2004. The leather and nylon vests will be initially available in adult sizes small through double extra large. UPTREND has begun marketing the AirVest products to more than 30,000 motorcycle retail stores. In addition, the Company is enrolling online motorcycle apparel and aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. storefronts that consist of millions of retail buyers to help accelerate product awareness and drive online sales. UPTREND believes that with more than 12 million motorcycle riders in the U.S. alone and the fastest growing segment of new riders coming from the "Baby Boomers See generation X. ," the conditions for introducing an innovative and stylish safety product to this industry have never been more advantageous. UPTREND is a holding company consisting of innovative products offering substantial growth opportunities. UPTREND Corp. intends to leverage both its management experience in sales and business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets and the proven track record of its partners. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: Matters discussed in this press release 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 of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. |
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