Business Services Industry
Rhino Off-Road RTV's Coming to Spain
Business Wire, Nov 29, 2007
ROI Continues International Growth
HENDERSON, Nev. -- Rhino Outdoor International, Inc. (PINKSHEETS: RHOI), which operates outdoor activity based businesses, including wholly owned subsidiary Rhino Off-Road Industries, Inc. (Rhino), announced today that a deal to sell Rhino Off-Road RTV's in Spain was confirmed this week with the purchase-order and deposit received for the first Rhino Off-Road RTV 2FS in Spain.
Angel Cabanes, owner of an off-road racing enterprise in Spain, met with Rhino Off-Road Industries at the SEMA Show in Las Vegas in October. The meeting, and subsequent demo ride of the RTV, led to the formalization of an international business relationship with ROI. Cabanas will be competing in off-road racing events as well as developing a distributor program for the innovative off-road vehicle in Spain.
"Once again, the Rhino Off-Road RTV has proven its appeal to the international marketplace", stated Howard Pearl, CEO & President of Rhino Outdoor International, parent company of the vehicle manufacturer, Rhino Off-Road Industries. "We are very pleased to welcome Angel, and his company, into the growing international family of competitors and distributors of our product. We know he'll do very well in the Spanish market."
"The Rhino Off-Road RTV will have an instant impact here in Spain as we have immediate plans to compete in a number of extreme trail Spanish Championships and rally raids. With some minor modifications to conform with Spanish rules (install front window, doors, and mirrors) we will be ready to race and are confident that we will be very competitive," explained Cabanes. "There isn't anything that compares to this in Spain and we are looking forward to bringing this incredible vehicle to market here!"
About Rhino Off-Road Industries
Rhino Off-Road Industries is the manufacturer of the innovative Rhino Off-Road Rough Terrain Vehicle (RTV). The RTV was designed for active, outdoor oriented families and individuals wanting to experience off-road adventure in virtually any off-road terrain. The Rhino RTV has added a new dimension to wilderness adventure tours and created a new category in the growing off-road rental industry. The dependable and affordable Rhino Off-Road RTV is manufactured in Henderson, NV. For more information please visit the ROI website at www.Rhino-Offroad.com.
Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this news release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the forward-looking statements, including the impact of changed economic or business conditions, the impact of competition, the success of existing and new product releases, the management of our growth, other risk factors inherent in the outdoor recreation, internet, and media industries and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission.
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