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Karts International Incorporated Acquires USA Industries, Inc.

COVINGTON, La., Nov. 26 /PRNewswire/ -- Karts International incorporated (OTC: KIII) today announced that it has completed the acquisition of 100% of the common stock of USA Industries, Inc. The transaction was structured using a combination of cash and Karts International stock. USA Industries, Inc. is a manufacturer of recreational go-karts located in Prattville, Alabama.

Commenting on the acquisition, V. Lynn Graybill, CEO of Karts International stated, "Both strategically and financially USA Industries is a great addition to our company. This acquisition clearly strengthens our position as a leader in the kart industry."

Karts International Incorporated, through its wholly owned subsidiary, Brister's Thunder Karts, Inc., is one of the largest manufacturers of recreational go-karts in the United States. Karts International Incorporated acquired Brister's Thunder Karts, Inc., located in Roseland, Louisiana on March 15, 1996.

SOURCE Karts International Incorporated
 -0- 11/26/96

/CONTACT: Tim Halter of Halter Financial Group, Inc., 972-233-0300, for Karts International Incorporated/


CO: Karts International Incorporated; USA Industries, Inc. ST: Louisiana, Alabama IN: AUT LEI SU: TNM

HD-DC -- NYTU050 -- 4279 11/26/96 10:10 EST
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Publication:PR Newswire
Date:Nov 26, 1996
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