From: jmhollen | 5/1/2006 10:16:02 AM | | | | Cycle Country Announces Record Date for Annual Meeting of Shareholders
MILFORD, Iowa, May 01, 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 the company's Board of Directors has set May 9, 2006 as the record date for its Annual Meeting, which is scheduled for June 27, 2006. Cycle Country Accessories Corporation shareholders of record as of this date will be entitled to notice of and to vote at the Annual Meeting.
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. David Davis or John Gault, 712-338-2701 e-mail: investorrelations@cyclecountry.com
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From: jmhollen | 5/16/2006 7:20:46 AM | | | | 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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From: jmhollen | 6/20/2006 11:02:00 AM | | | | Recent PRs: Jun 19 2006 WallSt.net Featuring All-New Interview With Cycle Country Accessories Corp. CFO Jun 13 2006 Cycle Country Accessories Corp. Chief Financial Officer Featured in Exclusive Interview With WallSt.net May 22 2006 Cycle Country Prepares for Investor Conference Call; Conference Call Scheduled for May 23, 2006
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From: jmhollen | 6/20/2006 11:02:58 AM | | | | Cycle Country Announces Segment Profile on Fisher's ATV World; Company and Products to be Profiled on Hit TV Show
MILFORD, Iowa, Jun 20, 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 that it will be the subject of a profile in an upcoming episode of Fisher's ATV World.
The show featuring Cycle Country and some of its products will air the week of June 26 through July 2, 2006 on The Men's Channel. The episode will re-air during the week of August 21 through August 27. The primary national network this show will air on is The Men's Channel; however, the show can also be seen on America One Television Network, Guardian Television Network and UATV. Fisher's ATV World airs on Men's Thursday nights at 10:30 EST.
"We are excited to be involved with quality programming such as Fisher's ATV World," said Brad Danbom, Vice President of Sales and Marketing for Cycle Country Accessories. "We appreciate the opportunity to explain our company and show off our facilities to this audience all while showcasing some of our accessories."
Fisher's ATV World is the winner of six Telly Awards, and features real riders on expeditions, exclusives with key industry leaders, and guest riders. The show's host and producer, Brian Fisher, says he hopes to expand positive awareness of safety issues, promote good family values, and hopes riders will become a stronger voice in the political arena to keep riding areas open.
The episode shows various riders in South Dakota with ATV's equipped with Cycle Country products. Longtime ad agent, Mark Lembke and Cycle Country Sales Representative, Bruce Egeness are interviewed along with Danbom, who takes viewers on a tour of the Milford and Spencer facilities.
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 www.perf-form.com
SOURCE: Cycle Country Accessories Corp. CONTACT: Cycle Country Accessories Corp David Davis or John Gault, 712-338-2701 e-mail: investorrelations@cyclecountry.com
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From: jmhollen | 8/15/2006 9:49:35 AM | | | | Cycle Country Announces Third Quarter Results; Three of Four Operating Divisions Increase by Nearly Double Digits
MILFORD, Iowa, Aug 15, 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 .0 cents per share for the three months ending June 30, 2006 versus .01 cents per share for the three months ending June 30, 2005. These figures are based on fully diluted shares of 7,287,508 as of June 30, 2006 compared to 5,954,771 shares as of June 30, 2005.
On a nine month comparison, earnings declined from .10 cents per share for the period ending June 30, 2005 to .07 cents for the same period ending June 30, 2006. These figures are based on fully diluted shares of 7,266,758 as of June 30, 2006 compared to 5,537,137 shares as of June 30, 2005.
Total revenue declined by just over 7% from $3,314,465 to $3,082,136 for the third quarter. On a year to date basis, revenue increased by 2.9% from $11,747,430 to $12,083,302. Gross profit increased by 24.2% from $948,313 to $1,178,027, (for a gross profit margin of 38.2% for the third quarter), and increased 40.5% from $3,423,300 to $4,808,776, year to date, (for a gross profit margin of 39.8%).
John Gault, Interim CEO stated, "We grew our revenue in dramatic fashion in three of our four divisions for both the three and nine month comparisons. Our contract manufacturing segment increased 67.2% and 335.5% respectively, Weekend Warrior increased 28% and 225.5%, and our Plastic Wheel Covers division rounded out the double digit increases of 32% and 24.8%."
He went on to say, "We continue to position ourselves with these divisions as a company that is becoming less and less reliant on the cyclical nature of the ATV accessories market. We are proud of these results and continue to work in a diligent fashion to make certain that Cycle Country Accessories Corporation experiences a 26th consecutive year of profitability."
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: Magellan Financial Media Group Mark Gilbert, 317-867-2839 mgilbert@thinksmallcaps.com
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From: jmhollen | 9/18/2006 9:09:28 AM | | | | Cycle Country Announces New CEO; Randy Kempf Steps Into Permanent Role
MILFORD, Iowa, Sep 18, 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 it has hired Randy J. Kempf as the company's new CEO. Kempf begins his permanent duties today.
Kempf is a driven executive with over 20 years of profit and loss and management experience in marketing, sales, manufacturing and engineering. He holds an MBA from the University of Iowa and a BS in Electrical Engineering Technology from Purdue University.
Kempf most recently worked for Wessels Company, a Greenwood, Indiana manufacturer of HVAC Pressure Vessels where he held the role of Senior Vice President of Operations. He made improvements in supply chain management, implemented lean manufacturing processes, and instituted policy changes that led to a more motivated workforce. He also developed numerous capital improvement and cost reduction programs resulting in improved efficiency and increased throughput.
Prior to joining Wessels, Kempf worked as President and COO of Contacts, Metal and Welding, Inc. This Indianapolis, Indiana-based company is a manufacturer of high current electrical contacts, Tungsten base metal alloys, and resistance welding consumables serving the automotive, transportation, utility, die casting, medical, military and metals industries. In this role, Kempf established a strong management team with whom he increased both sales and profitability in the post 9/11 economy. His focus on understanding and serving the market needs led to the development of new products, improved manufacturing processes and a strong marketing program establishing the company as a leader in its various markets.
Kempf also held upper-level management positions at companies such as E-Lite Technologies, Inc, Molex, Inc., Brush Wellman, Inc. and Rockwell International, Inc. (Collins Radio). He has also had five articles published in various national trade magazines and has four US patents.
In his new duties with Cycle Country, Kempf will work as a creative, bottom line and people-oriented executive who will seek to gain results while building a successful team focused on growth and profitability.
"We are pleased to announce Randy's appointment as our new CEO," stated Jim Danbom, Cycle Country Accessories Corporation's Board Chairman. "We believe in Randy's strong experience, and the vision he has for our future. We stand united in that vision, and believe he is the person to take us on the path to a bright and successful tomorrow. We look forward to working with such a skilled, polished professional."
Danbom also provided appreciation to John Gault, who acted as interim CEO since last March.
"John was the perfect person to take the helm while we vigorously searched for a permanent addition to our team," said Danbom. "John provided strategic leadership and support for the company as a whole as well as to the Board while we continued our search."
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: Magellan Financial Media Group Chad Renbarger, 317-867-2839 crenbarger@thinksmallcaps.com or Mark Gilbert, 317-867-2839 mgilbert@thinksmallcaps.com www.thinksmallcaps.com
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