LAFAYETTE, Ind., June 17, 2010 (GLOBE NEWSWIRE) -- Ultimate Sports, Inc. (Pink Sheets:USPS), a manufacturer and supplier to the recreational vehicle industry, announced an update on negotiations with a major snowmobile manufacturer for the purchase of production skis.
Negotiations with this major manufacturer will allow USI to mass-produce its "Best Ski in the Industry" award-winning X2 skis in-house. More specifically, when complete, USI will be producing large quantities of the race proven X2 skis. The ultra high-performance skis will be utilized on the manufacturer's best top of the line snowmobiles. A finalized contract will also facilitate greatly increased production for USI's parts and accessories division.
Kevin Metheny, President of Ultimate Sports, states, "We know that in our 23 years of business this will be the largest contract for USI for a single ski ever. The demand will require us to produce our race proven award-winning skis at a phenomenal pace for a major manufacturer. This will change the future of USI and immediately increase our revenue, possibly doubling it. Not only does this deal reflect our presence in the market but can be leveraged to incrementally increase business with other OEM's."
About Ultimate Sports, Inc.: Ultimate Sports specializes in every item, large and small, that snowmobilers need in order to enjoy the sport and improve their performance — especially snowmobile skis of all types. We have an extensive inventory of carbide studs, mount kits, wear bars, suspension parts, snow flaps, alignment bars, and so much more. Visit www.usi-skis.com for more information.
Forward Looking Statements: This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.