PSPF-NEWS

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Power Sports Factory To Pursue Alternative Transportation Channel

PENNSAUKEN, N.J., May 18, 2009 (BUSINESS WIRE) -- Power Sports Factory, Inc. (OTCBB:PSPF) announced the formation of an alternative transportation division named "CleanRide (TM)". This newly launched division will provide sustainable transportation solutions to municipalities and transit agencies, property managers and real estate developers, colleges and universities, hotels, parks and other transportation related businesses.
We intend to plan, develop, distribute and operate "CleanRideSoftware" and solar powered "CleanRideStations", enabling both bicycle and scooter sharing to be an integral part of the transportation system. We intend to partner with major car sharing companies to facilitate our core product offerings. Our services will include sustained transportation consulting and customized solutions development, software licensing, equipment manufacturing and distribution.

The initial focus of the division will be on bicycle sharing, which is an emerging form of environmentally friendly public transportation that is growing at a significant pace. The number of bike sharing programs worldwide nearly doubled over the last 12 months, according to research information provided by CityRyde, LLC. Continued growth is expected primarily due to increased environmental impact awareness, increased usage of public transit systems and greater need for decreased traffic congestion.

"This is an exciting opportunity and could provide us with the ability to expand our revenue base," said Steve Rubakh, President of Power Sports Factory. "Denver, San Francisco, Chicago, Philadelphia, Phoenix, Minnesota are considering Bike Sharing Programs. Just a few months ago, NYC Dept of City Planning released a Feasibility Study describing a city wide Bike-Share Opportunity in New York City and estimating the cost for initial stage to be $58 million."