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Non-Tech : ATC - Cycle Country Accessories Corporation
ATC 22.71-0.1%Aug 16 4:00 PM EDT

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From: jmhollen5/16/2006 7:20:46 AM
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Cycle Country Announces Second Quarter Growth; Conference Call Scheduled

MILFORD, Iowa, May 16, 2006 (BUSINESS WIRE) -- Cycle Country Accessories Corp. (AMEX: ATC), the recognized leader in developing and manufacturing a variety of products for the all terrain vehicle (ATV), garden tractors, and golf cars, today announced its earnings of .08 cents per share for the six months ended March 31, 2006 versus .10 cents per share for the six months ended March 31, 2005. These figures are based on fully diluted shares of 7,256,303 as of March 31, 2006 compared to 5,317,459 shares as of March 31, 2005.

Total revenue increased by nearly 25% from $2,809,226 to $3,499,657 for the second quarter and increased virtually 7% from $8,432,964 to $9,001,166 year to date. Gross profit increased 72% from $817,472 to $1,409,351 for the second quarter and increased 47% from $2,474,986 to $3,630,749 year to date. Income from operations also saw an increase of nearly $146,000 from a loss of $3,914 to $141,612 for the second quarter and saw an increase of nearly $269,000 from $781,586 to $1,050,369 year to date. For the second quarter all business segments had increases in revenue year over year. The complete 10-QSB filing is available at www.sec.gov.

"Weekend Warrior and Plastic Wheel Covers continue to lead the way in growth, experiencing year to date increases of nearly 285% and 21%, respectively," stated Dave Davis, Cycle Country Accessories Corporation Chief Financial Officer. "Contract Manufacturing, a new segment for us since the acquisition and merger with Simonsen Iron Works, has also been performing well, generating $853,000 in revenue so far this year." Davis went on to explain that while the ATV accessories business segment, and the ATV industry as a whole experienced sluggish sales during the Company's first quarter, the second quarter saw positive results. Management believes that this segment is back on track to generate decent growth over the remainder of the year.

Cycle Country management will host a conference call to update guidance and provide the investing community an opportunity to interact with interim CEO John Gault on Tuesday, May 23, 2006 at 10:00 a.m. EDT. Those wishing to participate in the call may do so by dialing 888-373-2605 or 973-935-2968 at approximately 10 minutes prior to the event, and ask for the Cycle Country Accessories Corp. Fiscal Second Quarter 2006 call. The call will be heard live via the Internet through the Cycle Country web site at www.cyclecountry.com. In addition, a replay of the presentation will be posted on the web site after the call.

About Cycle Country Accessories Corporation

Cycle Country, with over 50% of the worldwide market in several product categories, is the industry leader in the design and manufacturing of custom-fitting accessories for virtually every brand of utility all-terrain vehicles (ATV's). Cycle Country also produces accessories for the lawn and garden market through its subsidiary, Weekend Warrior and makes high performance oil filters for the motorsports industry through its wholly owned subsidiary, Perf-Form. In April of 2005, Cycle Country acquired Simonsen Iron Works, now operating as Cycle Country, Spencer, providing metal fabrication.

cyclecountry.com
perf-form.com
SOURCE: Cycle Country Accessories Corp.
CONTACT: Cycle Country Accessories Corp, Milford David Davis or John Gault, 712-338-2701 investorrelations@cyclecountry.com

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