LAFAYETTE, Ind., June 10, 2010 (GLOBE NEWSWIRE) -- Ultimate Sports, Inc. (Pink Sheets:USPS), a manufacturer and supplier to the recreational vehicle industry, issued a statement today regarding the business of IM & M Exercise Equipment, Inc., formerly traded as Extreme Fitness, Inc. Ultimate Sports announced its acquisition of IM & M Exercise Equipment last month.
All revenues and earnings are expected to immediately impact Ultimate Sport's financials. USI sales are expected to more than double as a result of this acquisition.
Recent clients include professional sports teams: the New York Giants, Boston Celtics, Denver Broncos, Chicago Bulls; professional athletes like Jack Nicklaus and Larry Bird, and numerous celebrities including Jane Fonda and Ted Turner. Larger clientele include colleges and universities and numerous health clubs such as Gold's and World's Gym. Extreme Fitness also receives repeat business from the U.S. Air Force Academy as well as over 70 correctional facilities in the U.S.
Kevin Metheny, President of Ultimate Sports, stated, "IM & M's client repertoire is a definite advantage in this industry. It's clear that the quality of their products keeps their customers coming back for more."
About IM & M Exercise Equipment, Inc.: IM & M Exercise Equipment, Inc., formerly traded as Extreme Fitness, Inc., manufactures a wide array of cardiovascular, exercise and strength training equipment for both professional facilities and personal home use. Products range from exercise machines to plates, dumbbells, barbells, and attachments. The company's customers include the United States Military, gyms, schools, colleges, universities, fire departments, police forces, correctional facilities, fitness companies, fitness centers, recreation centers, and outdoor sports facilities. Visit www.extremest.com for more information.
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.