#1
|
|||
|
|||
PSPF-Power Sports Factory, Inc.
Power Sports Factory, Inc. Announces Expansion of Its Manufacturing Relationship
PENNSAUKEN, N.J., May 11, 2009 (BUSINESS WIRE) -- Power Sports Factory, Inc., (OTCBB:PSPF) announced today that Dickson Holdings Limited (Hong Kong), the exclusive worldwide agent and distributor of Qianjiang Motorcycles and Benelli designed scooters, has acquired 4,604,428 common shares of Power Sports Factory by converting $252,310 of inventory that it has provided to the Company. Dickson Holdings Limited has also indicated that it would like to submit a candidate for consideration to take a seat on the Company's Board of Directors. "While this recent development significantly enhances our cash flow and balance sheet, it deepens our strategic alliance with our manufacturing partner," said Powers Sports Factory's CEO Shawn Landgraf. "We are confident this will continue to strengthen our relationship over the long term and potentially add tremendous value to our Board of Directors." About Power Sports Factory, Inc.: New Jersey based Power Sports Factory, Inc., is wholly owned by Power Sports Factory, Inc. (OTCBB:PSPF). Power Sports Factory imports, markets and distributes motorbikes principally under the "Andretti" and "Yamati" brands. Additional information is available on the Power Sports Factory website at and . Power Sports Factory is the only company with motorbikes endorsed by racing legend Mario Andretti. The Andretti line combines top performance, competitive pricing and cutting-edge European design from Benelli. Benelli is the designer of some of the best motorcycles and motorbikes in the world. The Andretti/Benelli line is also known for its high-quality construction and superior styling making it the smart choice for consumers. With today's volatile price of fuel, motorbikes are a smart alternative for people looking for superb gas mileage. About Dickson Holdings Limited Dickson Holdings Limited is the exclusive distribution company of Qianjiang Motorcycles for its Benelli lines. Qianjiang Motorcycles, ("QJ") is the second largest producer of motorcycles and scooters in China. In 2006, QJ acquired the well-respected Italian motorcycle designer and manufacturer, Benelli Motorcycles. |
![]() |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
Thread Tools | Search this Thread |
Display Modes | |
|
|
![]() |
||||
Thread | Thread Starter | Forum | Replies | Last Post |
ARSC - ARSC Inks Deal to Build Integrated Fuel Cell Factory | HotstockBull | Stock Picks | 0 | 06-16-2009 01:29 PM |
PSPF-NEWS | rob111 | Stock Picks | 0 | 05-19-2009 12:03 PM |
Power of Social Bookmarking tool | vckcCZ | Advertisements and Promotion | 0 | 04-20-2009 01:58 AM |
The power of autosurfing | Blueville | Autosurf and Manual Surf | 0 | 11-13-2008 05:51 PM |
Do you have personal power of influencing? | Robert54 | General Discussion and Chat | 0 | 03-24-2008 11:57 AM |