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04.08.2014 15:00
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APT MotoVox Group, Inc. Announces Large International Order for MBX Mini Bike Line
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PR Newswire
KANSAS CITY, Mo., Aug. 4, 2014
KANSAS CITY, Mo., Aug. 4, 2014 /PRNewswire/ -- APT MotoVox Group, Inc. (OTC BB: MTVX) today announced its first major international order of 2,000 units of its MBX Mini Bike line, an order from a new distribution customer in Latin America that supplies the largest retailers in the region. MotoVox products will soon be found in Sam's Club, Elektra, Liverpool and other key stores throughout Latin America.
The order is a direct result of a "rate of sale" test within markets in Mexico that produced a 97% sell through in just four weeks.
"The Company plans to rapidly expand the product line into Latin American markets in 2015 after a limited, but strategic launch in Mexico during Q4 2014. MotoVox expects distribution points of 800 retail stores and 200 dealers by the end of Q4 2015. We knew the demand would be there. It's important to know that this is just the beginning of a significant rollout of multiple products in Latin America," said Troy A.Covey, President.
The MBX Mini Bike line has achieved the highest marks for quality and design of the "traditional" mini bike product segments. APT MotoVox Group will be announcing the evolution of the "common mini bike" in the fourth quarter of this year by introducing the MBX 13, 14, and 15 Pro.
About APT MotoVox Group, Inc.:
APT MotoVox Group, Inc. Inc. (OTC BB: MTVX) is a Delaware registered corporation headquartered in Kansas City and is the holding company for the MotoVox® motorsport product line, SmartCarb® patented fuel system, and the Sonic Flow small engine technology lines (http://www.motovox.com/ and http://www.powerapt.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
SOURCE APT MotoVox Group, Inc.
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