Mini Tractor and Mini 125 Go Kart to be
Eligible for Sale in a Major U.S. Retailer in its 1,300 Stores
Across 13 States
GARLAND,
Texas, April 24, 2024 /PRNewswire/ -- Massimo
Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and
distributor of powersports vehicles and pontoon boats, today
announced it has entered into an ongoing national agreement with a
global omnichannel retailer for its youth series Mini Tractor and
Mini 125 Go Kart to be sold in stores.
The retailer's online marketplace currently features over 100
Massimo products including the Mini Tractor and Mini 125 Go Kart in
addition to those from Massimo's other product lines. With the
expanded partnership, the two products will now be eligible to be
stocked at over 1,300 stores in 13 states beginning May 4, 2024. Details of the retailer could not be
disclosed due to confidentiality requirements.
The compact and versatile gas-powered Mini Tractor Go Kart is
equipped with an electric start 125cc engine delivering fun and
power. Features include easy-to-use controls, comfortable seating,
forward and reverse gears, all-terrain tires, headlight, front
bumper bar, and hydraulic disc brake. With its compact size and
increased maneuverability, the Mini Tractor is easy to transport
and store, and can navigate through tight spaces with ease. Attach
a yard cart or tow trailer for added versatility. From the backyard
to the stockyard, the Massimo Mini Tractor is made for this.
The Mini 125 Go Kart is compact
in size and big on performance, with a 9HP 4-stroke single cylinder
125CC engine, 3 speed transmission, 4 corner coilover suspension,
rugged steel wheels, padded water-resistant seats, headlights,
taillights, and turn signals. With classic Military styling, the
Massimo Mini 125 is well-equipped for light trail riding or simply
cruising around the neighborhood. Built like a tank, yet
comfortable enough for two riders.
"This is our first national in-store opportunity with this
global retailer, representing a significant milestone for our
company and distribution channel," said David Shan, Founder, Chairman & CEO of
Massimo. "We continue to expand our significant partnership with
this well-known retailer, with these initial products now being
made available to be placed in stores across the U.S. and online.
With the addition of this in-store agreement, we are well
positioned to accelerate robust sales growth with the retailer and
believe with successful sales we can continue to add vehicles to
the in-store program. Our focus on distribution channel expansion
has resulted in over 2,800 retail locations promoting our brand in
48 states where our products are distributed, and we continue to
drive sales across our full motor product line of Massimo
vehicles."
About Massimo Group
Massimo Group (NASDAQ: MAMO) is a manufacturer and distributor
of powersports vehicles and pontoon boats. Founded in 2009, Massimo
Motor believes it offers some of the most value packed UTV's,
off-road, and on-road vehicles in the industry. The company's
product lines include a wide selection of farm and ranch tested
utility UTVs, recreational ATVs, and Americana style mini-bikes.
Massimo Marine manufacturers and
sells Pontoon and Tritoon boats with a dedication to innovative
design, quality craftsmanship, and great customer service. Massimo
is also developing electric versions of UTVs, golf-carts and
pontoon boats. The company's 286,000 square foot factory is in the
heart of the Dallas / Fort Worth
area of Texas in the city of
Garland.
For more information, visit massimomotor.com,
massimomarine.com, and massimoelectric.com.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the initial
public offering and the use of proceeds thereof. In some cases, you
can identify forward-looking statements because they contain words
such as "anticipate," "believe," "estimate," "expect," "intend,"
"may," "predict," "project," "target," "potential," "seek," "will,"
"would," "could," "should," "continue," "contemplate," "plan," and
other words and terms of similar meaning. These forward-looking
statements include information concerning statements regarding
future cash needs, future operations, business plans and future
financial results; and any other statements that are not historical
facts. No assurance can be given that the proceeds of the offering
will be used as indicated. Forward-looking statements are subject
to numerous conditions, many of which are beyond the control of
Massimo, including those set forth in the "Risk Factors" section of
Massimo's Registration Statement on Form S-1 for the initial public
offering filed with the SEC. Copies are available on the SEC's
website, www.sec.gov. Massimo undertakes no obligation to update
these statements for revisions or changes after the date of this
release, except as required by law.
Company
Dr. Yunhao
Chen
Chief Financial Officer
Massimo Group
ir@massimomotor.com
Investor Relations
Chris Tyson
Executive Vice President
MZ North America
Direct: 949-491-8235
MAMO@mzgroup.us
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SOURCE Massimo Group