DALLAS, Feb. 10, 2005 (PRIMEZONE) -- John Pentony, Publisher of TalkingStocks,com, announced that TalkingStocks.com has issued a Profile Report on Giant Motorsports, Inc. (OTCBB:GMOS) and its new wholly-owned subsidiary, Giant Motorsports Acceptance Group, Inc., a finance subsidiary formed to attempt to provide direct financing to purchasers of the Company's motorcycles and other powersports products. The report is authored by Jeff Bishop, Senior Analyst for TalkingStocks.com.
Mr. Bishop wrote in the report: "Giant Motorsports is on an aggressive expansion mode and this is evident from its acquisitions in the last year and from the initiation of the financing subsidiary. According to Mr. Greg Haehn, President and Chief Executive Officer of Giant Motorsports, the financing division (GMAG) will not only generate its own revenues but also increase unit sales for Giant Motorsports. The new division will retain significant levels of financing business that previously had been diverted to other financing providers."
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http://www.talkingstocks.com/reports/GMOS_021005.php
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About Giant Motorsports, Inc.
Through implementation of a national roll up strategy based on a "big-box" destination model, Giant Motorsports believes it has become a leading multi-brand motorsports retailer in the United States. With the formation of its new captive financing subsidiary, Giant Motorsports Acceptance Group, Inc., the Company is attempting to create a one stop customer experience which will leverage revenue and earnings growth through the provision of sales, finance and service for its customers. The Company believes growth will be generated through accretive acquisitions in new regions, through internal growth, and through utilization of rollup and consolidation strategies in the fragmented powersports national dealer environment. The Company has two additional wholly-owned subsidiaries, W.W. Cycles dba Andrews Cycles and Chicago Cycles. More information is located at http://www.giantcorporate.com , or http://www.andrewscycles.com , or http://www.chicagocycle.com .
Cautionary Statement Regarding Forward-Looking Statements
Certain statements included in this press release may constitute forward-looking statements. Actual results could differ materially from such statements expressed or implied herein as a result of a variety of factors including, but not limited to: sales of its motorcycle and powersports products; the implementation and expansion of Giant Motorsports business strategies; competition and the timing of projects and trends in future operating performance, as well as other factors expressed from time to time in Giant's periodic filings with the Securities and Exchange Commission (the "SEC"). As a result, this press release should be read in conjunction with Giant's periodic filings with the SEC. The forward-looking statements contained herein are made only as of the date of this press release, and Giant undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Disclosure: As of the date of this release, TalkingStocks.com, LLC has been compensated a total of $6,000 from Giant Motorsports Inc. for coverage. TalkingStocks.com, LLC is not a registered investment adviser or a broker/dealer. TalkingStocks.com, LLC makes no recommendation that the purchase of securities of companies profiled in this release or on our website are suitable or advisable for any person or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.