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Non-Tech : CYCY - Cycle Country Accessories Corporation

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To: jmhollen who started this subject5/29/2002 4:46:35 PM
From: jmhollen   of 29
Cycle Country Signs Purchase Agreement With Weekend Warrior Inc. to Shortly Conclude Their Second Acquisition Since March 2002

MILFORD, Iowa, May 28, 2002 (BUSINESS WIRE) -- Cycle Country Accessories Corp. (OTCBB:CYCY), the recognized leader in the development and manufacturing of high quality accessories for the all-terrain vehicle (ATV), announced today that the Company has entered into a definitive purchase agreement to acquire Weekend Warrior, Inc. The purchase is subject to certain closing conditions, including inventory evaluation of Weekend Warrior. The Company anticipates the acquisition to be completed before the end of Cycle Country's third quarter on June 30, 2002.

Since 1992, Weekend Warrior, Inc., headquartered in Lubbock, Texas, has designed and manufactured a full line of heavy-duty agricultural equipment for Utility ATV's and Garden Tractors. The Company's established farming plow models require no three point hitches for easy hook-up to all ATV and Tractor makes. These renowned quality products with the well-recognized Weekend Warrior brand name, will further Cycle Country's new product development in the Lawn & Garden industry. Additionally, Weekend Warrior's products will allow the attachment of many of Cycle Country's existing products to Lawn & Garden vehicles.

In making this announcement, Ronald Hickman, President of Cycle Country, stated: "The management team at Cycle Country is committed to building greater shareholder value through product and market expansion. As such, we will continue to seek established profitable companies with compatible product lines providing new markets and new product sector opportunities. This timely acquisition will strengthen Cycle Country's entrance into the lucrative Lawn & Garden market. Weekend Warrior's long-standing reputation for quality and strong brand recognition reflects two of our key consideration parameters. We believe we can fully capitalize on our strong distribution channels to enhance this already profitable division and further both companies new product growth and market share."

Weekend Warrior, Inc. founder Donald Pigg, said: "All of us at Weekend Warrior are very excited about the chance to join Cycle Country. We have worked diligently over the last 10 years to make premium products and to establish Weekend Warrior as a respected name in the industry. With Cycle Country's immense distribution network, it is extremely gratifying to have the opportunity to see our products available to consumers worldwide."

About Cycle Country Accessories Corp.

Cycle Country,, with over 50% of the worldwide market, is the industry leader in the design, engineering and manufacturing of custom fitting accessories for the utility all-terrain vehicle. Since 1981, Cycle Country has developed an extensive line of branded products of mowers, plows, spreaders, sprayers, hitches and other utility equipment items along with accessories for the recreational user. The Company's accessories custom fit virtually every brand of ATV on the market including all models from Honda, Yamaha, Polaris, Kawasaki, Suzuki, Arctic Cat and Bombardier. Cycle Country's products are distributed by 16 distributors who sell their products to virtually all ATV and motorcycle dealers in North America.

The Company has also developed arrangements with 19 international distributors that have sold Cycle Country products in 40 countries throughout Asia, Europe, Central and South America. Additionally, Cycle Country dominates the golf car wheel cover market by manufacturing approximately 90% of all wheel covers sold to original equipment manufacturers (OEM's) worldwide. Through a recent acquisition, Cycle Country also sells premium oil filters for motorcycles and ATVs throughout the U.S. under the brand name Perf-form Products.

For further information, visit Cycle Country's website at or e-mail to Please direct any financial questions to Scott Gibson at Veritas Capital Group via or call 407.772.7723 from 9am until 5pm (EST). Cycle Country Accessories headquarters: 2188 Highway 86, Milford, Iowa 51351, 800/841-2222

CONTACT: Veritas Capital Group, Heathrow, Fla. Scott Gibson, 407/772-7723
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