KANSAS CITY, Mo., Oct. 27, 2014 /PRNewswire/ -- APT MotoVox Group,
Inc. (OTC BB: MTVX) had a very successful debut last week at the
AIM Expo in Orlando,
Florida. The AIM Expo is one of the largest power-sport trade
shows in North America, attracting
quality retailers and suppliers from around the globe.
Nearly 400 dealers requested an immediate engagement with APT
during the show. Many of these dealers have asked APT to
accept their immediate and sizable orders. APT is now in the
process of qualifying each of these dealers for its dealer
network. State and federal laws are complex and specific in
regards to powersport sales, service and warranty, emissions, and
direct sales compliance. It will take time for the company to
process all requests, but APT expects to begin accepting orders
from qualified dealers prior to Thanksgiving.
APT Motovox Group possesses over 500 individual, international
distributor and dealer requests in addition to the nearly 400 at
AIM. That is a significant number of dealers to process and
qualify. APT expects this list to be paired down through the
qualification process. The company will be attending two
additional dealer shows in the next 90 days that will increase this
list even further.
"Choosing the right retailer is critical for many reasons.
It's easy to get sucked into taking orders that are large and
numerous, but we must stay committed to following the qualification
process that will identify the best retailers for us," said
Troy A. Covey, president. "We
are attracting this large number of retailers due to: 1) our
technology; 2) the uniqueness and timing of the MotoVox product
line; and 3) the addition of Motoped as a new product
category. This is rare air we are living in. Now we
have the task of managing this 'rare air' and taking advantage of
it," said Mr. Covey.
The Company has also been working diligently towards the
completion of a previously announced asset sale. The
transaction should be completed this week. The Company will
share complete details after closing and funding.
About APT MotoVox Group, Inc.:
APT MotoVox Group, Inc. (OTC BB: MTVX) is a Delaware registered corporation headquartered
in Kansas City and is the holding
company for the MotoVox® and MOTOPED® motorsport product lines,
SmartCarb® patented fuel system, and the Sonic Flow small engine
technology lines (http://www.motovox.com/, http://www.powerapt.com/
and http://www.motoped.com).
Forward-Looking Statements
Some statements made in this press release are forward-looking
statements, which are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. We use
words such as "anticipate," "believe," "expect,'' "future,"
"intend," "plan," and similar expressions to identify
forward-looking statements. These statements including those
related to the growth of the industry and the Company's
performance, are only predictions and are subject to certain risks,
uncertainties and assumptions. Additional risks are identified and
described in the Company's public filings with the Securities and
Exchange Commission. Statements made herein are as of the date of
this press release and should not be relied upon as of any
subsequent date. The Company's past performance is not necessarily
indicative of its future performance. The Company does not
undertake, and the Company specifically disclaims any obligation to
update any forward-looking statements to reflect occurrences,
developments, events, or circumstances after the date of such
statement.
Contact
William Maher, SVP
APT MotoVox Group, Inc.
InvRel@motovox.com
Paul Knopick
E & E Communications
940.262.3584
pknopick@eandecommunications.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/apt-motovox-receives-record-number-of-dealer-and-distributor-order-requests-182404540.html
SOURCE APT MotoVox Group, Inc.
