Business Services Industry
Rhino Outdoor International Acquires YamaBuggy Sales and Distribution, Inc
Business Wire, Oct 17, 2007
Side-by-side All Terrain Vehicle Added to Outdoor Business Lineup
HENDERSON, Nev. -- Rhino Outdoor International, Inc., (RHOI.PK), which operates outdoor activity based businesses, announced today that the company has completed the acquisition of YamaBuggy Sales and Distribution, Inc. (YamaBuggy) through a share exchange agreement. YamaBuggy has the exclusive North American distribution rights for the innovative side-by-side off road buggy that combines rugged construction, a bold look and superior performance. The vehicle is powered by a proven 23hp, 4stroke 400cc engine that is designed and manufactured by the Yamaha JV factory. Over 300 YamaBuggies have been sold through a nationwide dealer network in 2007. ROI will immediately begin receiving revenue from sales.
"This is a major step in our strategic plan to develop products and services that appeal to the growing market of outdoor oriented consumers," stated Howard Pearl, CEO/President of ROI. "The YamaBuggy is a proven product, with a huge potential for growth and the company is operated by very talented, experienced management."
"We are very pleased to join the ROI Family of Companies," stated John Wong, President of YamaBuggy and XATVusa brand. "Like the Rhino Off-Road RTV, the YamaBuggy appeals to a large segment of the outdoor enthusiast market. Combining our marketing efforts and distribution systems with the other companies of ROI makes great business sense."
About YamaBuggy
The YamaBuggy is the next dimension in side-by-side off-road vehicles. The 2008 model includes many upgrades and is currently being distributed through the dealer network. The vehicle combines features found in high dollar off-road racing vehicles with a proven reliable 400cc engine in an economically priced package. The YamaBuggy offers a balance of performance and value in a compact two passenger design.
Features include:
* Yamaha JV factory 400cc shaft drive 4 stroke engine
* 4 wheel independent suspension
* 5 speed sequential transmission with automatic clutch
* 4 wheel hydraulic disc brakes
* 13 inches of ground clearance
* Digital dashboard with speedometer, gear indicator and fuel gauge
* Weight less than 900 pounds.
The vehicle is currently available through a growing nationwide network of off-road
dealers. The YamaBuggy has a 90 day limited warranty and has a MSRP of $5,500 to $6,000. For more information, visit www.YamaBuggy.com.
About Rhino Outdoor International
Rhino Outdoor International is a development company that operates outdoor activity based businesses including Rhino Off-Road Industries, W.E.ROCK (World Extreme Rock Crawling Series) and most recently, YamaBuggy. Success of the company is tied to the continued up-growth of outdoor activities worldwide - and the resulting demand for products and services by people of all ages. Whether in the mountains, deserts, waterways, roads or skies consumers have adopted outdoor lifestyle activities - and are purchasing the equipment and services that sustain them - at an ever-increasing rate. It is the vision of the company to build an organization of manufacturers with a common appeal to this growing market. For more information, visit www.RhinoBrands.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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