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Non-Tech : CYCY - Cycle Country Accessories Corporation

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To: jmhollen who started this subject7/9/2002 12:29:23 PM
From: jmhollen   of 29
Cycle Country Takes The Lead In Complying With The SEC's New Order Requiring Sworn Written Statements By Corporate Officers

MILFORD, Iowa--(BUSINESS WIRE)--July 9, 2002--Cycle Country Accessories Corp. (OTCBB:CYCY), the recognized leader in the development and manufacturing of custom-fitting accessories for the all-terrain vehicle (ATV), is pleased to announce that the Company is taking the initiative with regard to the historical new order decree by The Securities and Exchange Commission (SEC).

On June 28, 2002 the SEC published a list of 945 companies whose chief executive and chief financial officers are now required to personally certify in writing and under oath that their most recent reports filed with the Commission are both complete and accurate. The order is intended to assure the investing public and the SEC that corporate disclosure in reports previously filed this year, is in compliance with all federal securities laws.

The SEC's order applies to companies with reported annual revenues in excess of $1.2 billion. The order requires the principal executive and financial officers of SEC registered companies to file a sworn written statement to personally attest that the company's most recent periodic reports are materially truthful and complete or explain why such a statement would be incorrect. Officers who make false certifications will face personal liability.

In the June 28th announcement from Washington D.C., SEC Chairman Harvey L. Pitt said: "This is an unprecedented step to help restore investor confidence. We are demanding that CEOs and CFOs swear that the numbers they've reported in their financial reports are correct and that they have left nothing out."

In response to the SEC announcement, Cycle Country president Ron Hickman stated: "Even though we are not required to file these sworn written statements as noted by the SEC's order, we strongly welcome an environment of truth and accountability. Prior to joining Cycle Country in 1996, my accounting firm provided the fairness opinions and signed-off on the Company's books for 15 years. As the former CFO of Cycle Country and current President, I will continue to sign-off on all financial filings along with our current CFO, Dave Davis. Further, both Mr. Davis and myself will adhere to the new certification order decree by the SEC even though it does not apply to us. As a public company, we believe that investor and shareholder confidence is essential to our existence and we will go to any lengths to insure the public's continued trust."

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 all-terrain vehicle (ATV). Since 1981, Cycle Country has developed an extensive line of branded products of mowers, plows, spreaders, sprayers, hitches and many 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, Polaris, Yamaha, Kawasaki, Suzuki, Arctic Cat and Bombardier. Cycle Country's ATV accessory products are distributed throughout the U.S.A. and Canada by a group of 16 distributors who sell their products to essentially all ATV and motorcycle dealers in North America.

The Company has also developed strategic arrangements with 19 international distributors that sell Cycle Country products in Asia, Europe, Central and South America. Current distribution agreements are in effect in 35 countries. 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.

With the Company's recent acquisitions, Cycle Country also sells premium oil filters for ATVs and motorcycles through the brand name Perf-form Products and ATV and tractor farming equipment attachments nationwide through the brand name Weekend Warrior.

For further information forward your e-mail request to Please direct any financial questions to Scott Gibson at Veritas Capital Group via or call 407.774-3028 from 9am until 5pm (EDT). Cycle Country Headquarters: 2188 Highway 86 - Milford, Iowa 51351 - 800-841-2222.

This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of Cycle Country Accessories Corporation, nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

CONTACT: Veritas Capital Group, Altamonte Springs, Fla.
Scott Gibson, 407/774-3028
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