SAN CLEMENTE, Calif., June 29, 2005 (PRIMEZONE) -- Patriot Motorcycles Corporation (Pink Sheets:PMCY) today announced that its full line of Yamoto(tm) off-road dirt bikes and ATV's have been approved for listing and evaluation in the famed "Kelley Blue Book."
The nation's best-known resource for establishing new and used automotive values, "Kelley Blue Book" rates a wide variety of leading-brand recreational vehicles as well - from off-road cycles (dirt bikes and ATV's) to personal watercraft (such as Jet Skis(r)) and popular makes of snowmobiles.
For more than 75 years, "Kelley Blue Book" ratings have guided buyers as to anticipated trade-in values (what a consumer can expect from a dealer) and retail values (suggested new and used pricing via dealers). Today, the company's website (www.kbb.com) alone welcomes over 5 million consumers per year and generates over 30 million pricing reports per month - making it the number-one automotive site and resource in the nation.
The valuation and inclusion of Patriot products in "Kelley Blue Book" reporting also underscores the growing awareness of Patriot's Yamoto brand - both in consumer demand and in recognition throughout the recreational-vehicle industry.
"It is an important milestone for our company," notes Patriot Motorcycles President Dan Cwieka. "'Kelley Blue Book' valuations for our products opens the door to enormous benefits...especially for our dealer organization. These range from the ability to establish dealer flooring (financing) of Patriot products to paving the way for consumer financing and standardized resale pricing."
About Patriot Motorcycles Corporation
Patriot Motorcycles (Pink Sheets:PMCY) is the exclusive distributor of the Yamoto line of Dirt Bike motorcycles and All Terrain Vehicles (ATVs) manufactured in China. The company and its management are firmly committed to building the Yamoto by Patriot (tm) brand, to building a significant and substantial Domestic and International dealer organization and to distributing the finest products that consistently out-price the competition (by as much as 50%). Patriot is also the first and only company to offer a Five Year Guarantee based on after-sale use of its co-branded zMAX(r) Micro-Lubricant. Additional Patriot branded products and accessories are also being evaluated. Yamoto by Patriot (tm) - poised to become the first great Chinese-manufactured brand.
Note: Statements contained in this release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1934, as amended. These forward-looking statements are made based upon information available as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements involve risk and uncertainties and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include, but are no limited to, demand for the company's products and services, PMCY's ability to continue to develop its market, general economic conditions and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.