| From: jmhollen | 9/29/2004 9:40:01 AM | | | | | | Cycle Country's August Net Income Increases 367% over Last Year
Strength in ATV Accessories is Driving Growth
MILFORD, Iowa, Sep 29, 2004 (PRIMEZONE via COMTEX) -- Cycle Country Accessories Corp. (ATC), the outright leader in developing and manufacturing select custom-fitting accessories for the all-terrain vehicle (ATV) and other diversified industry products, is pleased to announce net income for August, 2004 increased 367% to $313,485 from $67,387 in the same period last year. Revenues for the month increased to $2,347,718 from $1,215,280, an increase of over 93 percent. For the first eleven months of fiscal 2004, revenues are up 53% to $18,949,910 and net income has increased 322% to $1,449,967.
"We are impressed with how our customers have responded to our new product introductions," says Ron Hickman, President and CEO of Cycle Country. "We are also seeing strong demand for our industry leading snow blades and OEM products."
About Cycle Country Accessories Corp.
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).
To view company information, updates, the latest SEC filings or past news releases, go to the company's website at cyclecountry.com and click on the Investor Relations heading. Please direct any financial questions to Todd Doom at Magellan Financial Media Group, LLC. (317) 867-2839.
SOURCE: Cycle Country
Magellan Financial Media Group, LLC
Todd Doom
(317) 867-2839
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| From: jmhollen | 11/9/2004 11:45:06 AM | | | | | | Cycle Country Embarks On New Push To Grow Weekend Warrior 11/9/2004 7:00:00 AM
MILFORD, Iowa, Nov 9, 2004 (BUSINESS WIRE) -- Cycle Country Accessories Corp. (ATC), the outright leader in developing and manufacturing several custom-fitting accessories for the all-terrain vehicle (ATV), along with their wholly owned subsidiary Weekend Warrior, is very pleased to announce that it has reached an agreement with Treadlines, Inc. to market Weekend Warrior lawn & garden products nationwide.
Our market research tells us that the manufacturers of garden tractors and utility vehicles need accessories similar to those available in the ATV industry. Weekend Warrior's products, featuring pull-behind and 3-point implements, are designed and built for garden tractors and utility vehicles.
Treadlines Inc., headquartered in Richfield, Wisconsin, is an independent marketing firm headed up by Mr. Mark Shultz and Mr. Bob Greenfield. The company has extensive experience in marketing products to manufacturers in the lawn and garden and utility vehicle industries. Additionally, Treadlines has successfully marketed several products to regional and national retail outlets.
"We feel the timing is perfect, given the explosive growth in the ATV and particularly the Utility Vehicle markets," Mr. Mark Shultz, President of Treadlines commented. "Combining the outstanding Weekend Warrior product line and our key relationships established over 25 years in the outdoor power equipment industry we see tremendous opportunity in servicing regional and national retail chains," added Mr. Bob Greenfield, Treadlines Vice President.
"By joining forces with the folks at Treadlines, we are confident that our Weekend Warrior products will realize vigorous growth in sales and market share," stated Mr. Ron Hickman, Cycle Country's CEO and President. "Their expertise in the lawn and garden industry and the contacts they have developed among regional and national retail outlets makes Treadlines a natural fit to assist us in stepping up the growth of our Weekend Warrior accessories and products."
About Cycle Country Accessories Corp.
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).
To view company information, updates, the latest SEC filings or past news releases, go to the company's website at cyclecountry.com and click on the Investor Relations heading. Please direct any financial questions to Todd Doom at Magellan Financial Media Group, LLC. (317) 867-2839. To view the products of our wholly-owned Weekend Warrior subsidiary go to weekend-warrior.com.
SOURCE: Cycle Country Accessories Corp.
Magellan Financial Media Group, LLC
Todd Doom, 317-867-2839
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| From: jmhollen | 11/18/2004 7:42:15 PM | | | | | | John Deere Selects Cycle Country as a Utility ATV Accessory Provider 11/18/2004 7:00:00 AM
MILFORD, Iowa, Nov 18, 2004 (BUSINESS WIRE) -- Cycle Country Accessories Corp. (ATC), the outright leader in developing and manufacturing several custom-fitting accessories for the all-terrain vehicle (ATV), is pleased to announce that John Deere (DE) has selected the company to provide accessories for its new line of Utility ATV's. John Deere designed and developed the add-ons including bags, plow kits, helmets, and goggles that Cycle Country will manufacture and distribute to authorized John Deere ATV dealers as officially licensed product.
Dean Hamke, Manager of Licensing for John Deere said, "John Deere is very committed to establishing our new all-terrain vehicles the Buck(TM) and Trail Buck(TM). Cycle Country has a long history of providing quality products and strong customer satisfaction. We are confident this relationship will be beneficial for both companies."
Cycle Country's CEO and President, Ron Hickman, commented: "It is indeed an historical day to have an industry leading company with the reputation and financial depth of John Deere partner with us. Cycle Country views this as an opportunity to build on our growing relationship with John Deere."
About Cycle Country Accessories Corp.
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).
To view company information, updates, the latest SEC filings or past news releases, go to the company's website at cyclecountry.com and click on the Investor Relations heading. Please direct any financial questions to Todd Doom at Magellan Financial Media Group, LLC. (317) 867-2839.
SOURCE: Cycle Country Accessories Corp.
Magellan Financial Media Group, LLC.
Todd Doom, 317-867-2839 (financial questions)
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| From: jmhollen | 12/14/2004 10:24:31 AM | | | | | | Cycle Country Accessories Selected as Accessories Provider by Brister's Design and Manufacturing Company, Inc.
12/14/2004 7:00:00 AM
MILFORD, Iowa, Dec 14, 2004 (BUSINESS WIRE) -- Cycle Country Accessories Corp. (ATC), the outright leader in developing and manufacturing select custom-fitting accessories for the all-terrain vehicle (ATV) and other diversified industry products, is pleased to announce that they have been selected as the primary accessories provider for the Chuck Wagon Utility Vehicle developed and manufactured by Brister's Design and Manufacturing Company, Inc. Based in Roseland Louisiana, Brister's Design and Mfg. (www.bristers.com) is a manufacturer of utility vehicles, go karts, mini bikes and lawn mowers. Their employees have over 100 years of combined experience in the fun kart industry.
Initially, Cycle Country will manufacture as an Original Equipment Manufacturer (OEM) for Brister's, a custom designed plow for snow removal and grading, a winch mount, and a spotlight. As the agreement expands, it is expected that Cycle Country will continue to develop products for the Chuck Wagon based upon Cycle Country's existing product line.
"Customers want high quality attachments to help them do their work as efficiently and effectively as possible," stated Mr. Chuck Brister, President and Owner of Brister's Design and Manufacturing. "Our ability to work with Cycle Country, the world leader in Utility ATV Accessories, allows our customers the opportunity to have the best products available."
"We are excited about the opportunity to work with Brister's to provide them top quality accessories," said Mr. Ron Hickman, CEO and President of Cycle Country. "Brister's Design and Manufacturing has an excellent reputation in our industry. Being chosen by Brister's to provide accessories for their new Chuck Wagon Utility Vehicle is definitely an honor for our company."
About Cycle Country Accessories Corp.
Cycle Country, www.cyclecountry.com, with over 50% of the worldwide market in several product categories, is the industry leader in the design, engineering and manufacturing of custom-fitting accessories for the utility all-terrain vehicle (ATV).
Since 1981, Cycle Country has developed an extensive line of branded products of snowplows, lawnmowers, spreaders, sprayers, hitches and many other utility equipment items along with recreational accessories. The Company's products custom fit virtually every brand of ATV on the market, which are distributed to essentially all ATV and motorcycle dealers in North America.
For the latest SEC filings or past news releases, go to the company's website at cyclecountry.com and click on the Investor Relations heading. Please direct any financial questions to Todd Doom at Modern Media, LLC. (317) 413-7990.
Cycle Country Accessories Corp: 2188 Hwy. 86 -- Milford, Iowa 51351 -- 800.841.2222.
SOURCE: Cycle Country Accessories Corp.
Modern Media, LLC.
Todd Doom, 317-413-7990
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| From: jmhollen | 12/29/2004 7:57:20 PM | | | | | | Cycle Country Announces Record Results for 2004; Revenues Grow 48%, Profits Rise to $0.35/share from $0.05/share; Conference Call on January 5th 12/29/2004 4:35:00 PM
MILFORD, Iowa, Dec 29, 2004 (BUSINESS WIRE) -- Cycle Country Accessories Corp. (ATC), the recognized leader in developing and manufacturing a variety of products for all terrain vehicles (ATV), garden tractors and golf carts, is pleased to announce record revenues and profits for fiscal 2004. Revenues for the year ended September 30, 2004 increased 48.8% to $20,665,674 from $13,891,993. Earnings per fully diluted share rose to $0.35 from $0.05 last year
"We are thrilled that we beat expectations so handily, despite a tremendous run on steel prices," said Mr. Ron Hickman, CEO and President of Cycle Country Accessories. "We look forward to discussing our record results for 2004 and our outlook for 2005 on the upcoming conference call."
Cycle Country has scheduled a conference call with the investment community for Wednesday, January 5th at 12:00 p.m. (EST). The purpose for the conference call is to review Cycle Country's fiscal 2004 results that ended September 30th, current operations and projections for fiscal 2005. Management will also address an open dialogue during an open question and answer session.
Conference call information:
Investment professionals and the general public may access the call by dialing toll free at 1-877-407-8289 prior to the start of the phone conference at 12:00 pm. The conference call will be recorded and available for phone replay listening through Friday, January 12th by calling toll free at 1-877-660-6852 or toll at 1-201-612-7415 (account number 3055 and conference ID number 131357).
The conference call will also be broadcast live over the Internet. To listen to the web cast real time, please go to viavid.com and click on the "Events" heading at the top of the page then scroll down and click on Cycle Country Accessories Corp. Simply fill in the registration form where the only required information is your e-mail address and click on "Register" to access the conference call. If you do not have Windows Media Player, it is suggested that you access the site enough in advance to download and install any necessary audio software at no charge. ViaVid will provide the rebroadcast of this web cast until February 5th.
Investors are invited to email questions to be addressed on the call to Dave Davis at ddavis@cyclecountry.com by January 4,2005.
About Cycle Country Accessories Corp.:
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).
To view company information, updates, the latest SEC filings or past news releases, go to the company's website at cyclecountry.com and click on the Investor Relations heading. Please direct any financial questions to Todd Doom at Magellan Financial Media Group, LLC. (317) 867-2839.
SOURCE: Cycle Country Accessories Corp.
Magellan Financial Media Group, LLC
Todd Doom, 317-867-2839
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| From: jmhollen | 1/6/2005 11:13:42 AM | | | | | | Cycle Country Speaks about Fiscal Year 2004 and Looks Ahead to 2005;
Earnings Projected at $0.40/Share on Conference Call 1/6/2005 9:01:00 AM
MILFORD, Iowa, Jan 6, 2005 (BUSINESS WIRE) -- Cycle Country Accessories Corp. (ATC), the recognized leader in developing and manufacturing a variety of custom-fitted accessories for all terrain vehicles (ATV), garden tractors and golf carts, reviewed their 2004 fiscal year and managements expectations for 2005 in their conference call on January 5th. Investment professionals and the general public heard Mr. Ron Hickman, CEO and President, review current operations and management's plans for continued growth in 2005. The conference call relayed Cycle Country's plans to grow through strategic acquisitions and organic growth in the lawn and garden sector. Management also provided guidance for fiscal 2005 at $0.40/ share.
The replay of the conference call will be available until January 12th. To access the conference replay, participants will dial into 1-877-660-6853 or 1-201-612-7415. When prompted, they must enter account number 3055 and conference ID number 131357.
About Cycle Country Accessories Corp.
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).
To view company information, updates, the latest SEC filings or past news releases, go to the company's website at cyclecountry.com and click on the Investor Relations heading. Please direct any financial questions to Todd Doom at Magellan Financial Media Group, LLC. (317) 867-2839.
SOURCE: Cycle Country Accessories Corp.
Magellan Financial Media Group, LLC
Todd Doom, 317-867-2839
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| From: jmhollen | 1/11/2005 12:38:06 PM | | | | | | Cycle Country Sees Gross Profit Growth of 18% for the First Two Months of Fiscal 2005; Increasing Demand for Snowplows Continue to Drive Growth 1/11/2005 8:00:00 AM
MILFORD, Iowa, Jan 11, 2005 (BUSINESS WIRE) -- Cycle Country Accessories Corp. (ATC), the outright leader in developing and manufacturing select custom-fitting accessories for the all-terrain vehicle (ATV) and other diversified industry products, is pleased to announce gross profits for the first two months of fiscal 2005 were $1,394000 versus $1,182,000 for fiscal 2004, an increase of 18%. Total revenues for October and November of fiscal 2005 were $4,022,000 compared to $3,829,000 for the same period in fiscal 2004. Gross profit as a percentage of revenue increased 3.8% to 34.7% for the first two months of fiscal 2005 from 30.9% for fiscal 2004.
Cycle Country's increasing sales of snowplow blades and other core products are following industry trends of expanding growth in the ATV market. According to a Motorcycle Industry Council report, ATV sales are projected to grow approximately 5% this year, reaching one million in unit sales. The blades, along with the ATC's other custom fitting accessories, are a natural add-on when someone purchases an ATV.
About Cycle Country Accessories Corp.
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).
To view company information, updates, the latest SEC filings or past news releases, go to the company's website at cyclecountry.com and click on the Investor Relations heading. Please direct any financial questions to Todd Doom at Magellan Financial Media Group, LLC. (317) 867-2839.
SOURCE: Cycle Country Accessories Corp.
Magellan Financial Media Group, LLC
Todd Doom, 317-867-2839
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| From: jmhollen | 1/25/2005 12:32:33 PM | | | | | | Continued Strong ATV Sales Trend Has Industry Analysts Projecting 2005 ATV Unit Sales to Reach 1.1 Million Worldwide 1/25/2005 8:00:00 AM
MILFORD, Iowa, Jan 25, 2005 (BUSINESS WIRE) -- Cycle Country Accessories Corp. (ATC), the outright leader in developing and manufacturing select custom-fitting accessories for the all-terrain vehicle (ATV) and other diversified industry products, announced today that ATV industry analysts project 2005 U.S. ATV sales to exceed 875,000 units and worldwide sales to exceed 1.09 million units, a steady 5% increase over 2004 U.S. and worldwide sales, respectively, as noted by Ehlert Powersports Business. Industry analyst, Tim Condor of A.G. Edwards, goes on to project that "U.S. retail unit ATV growth over the next several years will approximate mid-single digits" as the ATV segment continues to be "the most under-penetrated of the of the three major powersports segments and serves a wider variety of purposes when compared to snowmobiles and watercraft."
"As one of the world's largest manufacturers of ATV accessories, we have the proven know-how and capacity to outfit every major brand of utility ATV out there today, as well as tomorrow," stated Ron Hickman, President and CEO of Cycle Country. "The ATV industry has seen solid growth over the last ten years and so has Cycle Country. We are excited by the projections that the growth will continue for several more years," continued Ron Hickman. "Cycle Country's philosophy of making accessories to fit every major brand of utility all terrain vehicle made means that an ATV owner has the opportunity to increase the functionality of their ATV so that it can do more and work harder."
About Cycle Country Accessories Corp.
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).
To view company information, updates, the latest SEC filings or past news releases, go to the company's website at cyclecountry.com and click on the Investor Relations heading. Please direct any financial questions to Todd Doom at Magellan Financial Media Group, LLC. (317) 867-2839.
SOURCE: Cycle Country Accessories Corp.
Magellan Financial Media Group, LLC
Todd Doom, (317) 867-2839
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| From: jmhollen | 2/14/2005 12:21:51 PM | | | | | | Cycle Country Reports 1st Quarter Results; ATC Continues To Shine
with Gross Margin Increase of 5% and Net Income Up 32% 2/14/2005 8:03:00 AM
MILFORD, Iowa, Feb 14, 2005 (BUSINESS WIRE) -- Cycle Country Accessories Corp. (ATC), the outright leader in developing and manufacturing select custom-fitting accessories for the all-terrain vehicle (ATV) and other diversified industry products, announces that net income increased $127,991 (32%) to $532,101 for the three months ended December 31, 2004. Gross margin as a percentage of revenue increased 5% as cost containment initiatives continue to be implemented.
First quarter highlights:
-- Revenues of $5,623,739 were in line with last year's record level.
-- Net income increased 32% to $532,101.
-- Gross profit as a percent of revenue increased approximately 5% to 29.5%.
-- Gross profit in dollars increased 18.4% to $1,657,515.
-- Increase in the company's cash position of $1,157,000 with no bank debt.
-- Net working capital increased $742,350 to $5,569,689 at
December 31, 2004 from $4,827,339 at September 30, 2004.
-- International sales increased 38% as compared to the first quarter of last year.
-- The Company's signature product, Snowplow Blades, continued to shine as sales increased 3% over last year's first quarter record results.
-- Margins continue to improve as management continues its initiatives to cut/maintain costs and implement price increases where needed.
-- Continuing to see positive impact from management's quality initiative.
"The company is very pleased with the many positive results for this most recent quarter," said Mr. Ron Hickman, CEO and President of Cycle Country Accessories. "We anticipate that revenues, gross profits and net income for each of the remaining quarters of fiscal 2005 will do better than the results of fiscal 2004. We continue to address seasonality issues, expand into new markets, increase products produced for OEM's and strengthen the market-leading positions of our current products to provide strong, positive financial results."
About Cycle Country Accessories Corp.
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).
To view company information, updates, the latest SEC filings or past news releases, go to the company's website at cyclecountry.com and click on the Investor Relations heading. Please direct any financial questions to Todd Doom at Magellan Financial Media Group, LLC. 317-867-2839.
SOURCE: Cycle Country Accessories Corp.
Magellan Financial Media Group, LLC
Todd Doom, 317-867-2839
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| From: jmhollen | 2/16/2005 4:22:27 PM | | | | | | Cycle Country Announces Major Supply Chain Acquisition; Agreement in Principle Reached with the Largest Supplier; Transaction Should be Immediately Accretive to Earnings 2/16/2005 4:05:00 PM
MILFORD, Iowa, Feb 16, 2005 (BUSINESS WIRE) -- Cycle Country Accessories Corp. (ATC), the outright leader in developing and manufacturing select custom-fitting accessories for the all-terrain vehicle (ATV) and other diversified industry products, announces that it has reached an agreement in principle to purchase Simonsen Iron Works, Inc. simonsenironworks.com, the company's largest supplier. Under the terms of the agreement, Cycle Country is to pay $7 million in cash and issue 1.2 million shares of stock to the founders of Simonsen. Updated financial projections will be issued upon the final closing of the transaction.
"We are very pleased to announce this acquisition," said Mr. Ron Hickman, CEO and President of Cycle Country Accessories. "We feel the addition of Simonsen will allow us to continue to drive our gross margins and overall profits. The fact that we have worked with them for years should allow for a seamless transition. As we go through to closing we will be updating our guidance and increasing our estimated earnings."
About Cycle Country Accessories Corp.
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).
To view company information, updates, the latest SEC filings or past news releases, go to the company's website at cyclecountry.com and click on the Investor Relations heading. Please direct any financial questions to David Finke at Magellan Financial Media Group, LLC. (317) 867-2839.
SOURCE: Cycle Country Accessories Corp.
Magellan Financial Media Group, LLC.
David Finke, 317-867-2839
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