ROADMASTER INDUSTRIES REPORTS CONTINUED STRONG RESULTS FOR ROADMASTER CORP.
ENGLEWOOD, Colo., Nov. 23 ~PRNewswire~ -- Roadmaster Industries Inc. ("RMI") (NASDAQ: WHEL) reported today that its wholly owned subsidiary, Roadmaster Corp., continues to report strong results in October and anticipates record shipments in the month of November. The company is forecasting that November will be the single largest revenue month in the entire history of the company. Through October 1992, the Roadmaster Corp. unit has reported unaudited net sales of $160.1 million, a 21 percent increase over the like period in 1991. The company also reported that the successful introduction of its new Motocyke(TM) product line has resulted in strong demand for the Motocykes across all retail accounts with the entire 1992 production being sold out. The company further reported that it plans to continue its stock buy-back program to support its ongoing management stock option plan. The board of directors has approved a 1993 Management Incentive Program pursuant to which 1,800,000 shares will be repurchased from time to time in both private as well as open market transactions. Roadmaster Industries operates through its two wholly owned subsidiaries, Roadmaster Corp. and Hamilton Lamp Corp. as well as its majority-owned subsidiary, International Sports and Fitness Inc. Roadmaster Corp. is a leading designer and manufacturer of Roadmaster junior wheel goods, Roadmaster bicycles and Vitamaster fitness equipment. Hamilton Lamp Corp. is a leading manufacturer of lamps and replacement shades. International Sports and Fitness Inc. through its wholly owned subsidiary, Roadmaster Leisure Inc. markets and distributes a broad range of sporting goods and recreational products, including Roadmaster Corp. products, in Canada. -0- 11~23~92 ~CONTACT: Thomas B. Olson of Roadmaster Industries, 303-290-8150~ (WHEL)
CO: Roadmaster Industries Inc. ST: Colorado IN: SU:
MC -- DV004 -- 0680 11~23~92 15:27 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Nov 23, 1992|
|Previous Article:||MICHIGAN TOURISM FORGES AHEAD|
|Next Article:||KING OF POP, MICHAEL JACKSON'S FRAGRANCE LINE NOW AVAILABLE THROUGH 800 NUMBER FOR HOLIDAY GIVING|