MILFORD, Iowa, March 31, 2004 (PRIMEZONE) -- Cycle Country Accessories Corp. (AMEX:ATC), the outright leader in developing and manufacturing select custom-fitting accessories for the all-terrain vehicle (ATV) and other diversified industry products, along with their wholly owned subsidiary Weekend Warrior, is gearing up for an explosive spring season. The 140% increase in preliminary mower orders started the season with continuing optimistic growth.
According to the Outdoor Power Equipment Institute (OPEI) outdoor power equipment helps consumers keep a well-maintained lawn which not only creates pride, but can increase the real estate value of the home by 15%. Individuals taking pride in their home will control the weeds in their yard or pasture with a rack-mounted Deluxe ATV Spot Sprayer. Farmers and commercial applicators will appreciate the advanced features of a comprehensive sprayer unit featuring a 25 gallon chemical resistant tank with sump and powered by a SHURFLO diaphragm pump with Viton valves. A 100 lb. capacity hopper mounts to either the front or the rear rack of your ATV and is perfect for spreading fertilizer, grass seed or seeds for food plots. The uniquely designed rounded bed utility trailer is great for all-purpose ATV hauling.
"We make high-quality products that transform your ATV into a practical work tool without interfering with your ability to use your ATV for recreation," said Mr. Ron Hickman, CEO and President of Cycle Country Accessories. "We strive to engineer products that mount easily and quickly and that can be removed just as easily."
The OPEI stated that record levels of home mortgage refinancing and tax cuts helped the demand for, and provided the cash to purchase outdoor power equipment over the past year. OPEI reported a 5% increase in outdoor power equipment such as lawnmowers, garden tractors, utility vehicles, and other related products for model year 2003 over 2002 with total shipments at 8,103,217 units. Power Systems Research Company reported production of commercial mowing equipment grew approximately 8% in the last five years.
About Cycle Country Accessories Corp.
Cycle Country, http://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.
The Company has 19 international distributors that sell Cycle Country products in 35 countries throughout Asia, Europe, Central and South America. Additionally, Cycle Country dominates the golf car wheel cover market by manufacturing approximately 90% of all wheel covers sold to original equipment manufacturers worldwide. The Company sells high-performance premium oil filters for motorcycles and ATVs throughout the U.S. under the brand name Perf-form Products. They also manufacture heavy-duty garden equipment attachments for garden tractors, ATVs and other utility vehicles within the Lawn & Garden industry under their brand name Weekend Warrior.
For the latest SEC filings or past news releases, go to the company's website at http://www.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. Cycle Country Accessories Corp: 2188 Hwy. 86, Milford, Iowa 51351, (800) 841-2222.
Forward looking statements: This press release and other statements by Cycle Country may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "potential," or future/conditional verbs such as "will," "should" and could."