Highline Technical Innovations, Inc. Announces Joint Venture With Dong Feng Motors
September 21 2010 - 8:48PM
Marketwired
Highline Technical Innovations, Inc., (PINKSHEETS: HLNT), majority
shareholder of HOSS Motor Sports, is pleased to announce a
completed joint venture with Dong Feng Motors, to manufacture and
sell the HOSS line of UTVs. HTI is scheduled to receive the first
shipment of UTVs from Dong Feng Motors in the first quarter of
2011. Per the terms of this joint venture, Dong Feng Motors has
also acquired the license and rights to manufacture and sell the
HOSS UTV within its own distribution channels, and provide
royalties for each unit sold to HTI. This UTV (Utility Terrain
Vehicle) is designed specifically for the sport utility, forestry,
and construction industries. In addition to the Hoss 500 we plan to
introduce a three cylinder diesel powered UTV. This will be the
only diesel UTV manufactured with a supplemental hydrogen fuel
system on board. The Diesel model will enter the market priced
approximately $3,000.00 less than the closest competitor.
"We have consummated the first of the three joint ventures we
previously announced," stated Charlton Coats, CEO of Highline
Technical Innovations, Inc. "The joint ventures for our
Supplemental Fuel System from Highline Hybrids and the third
venture to refurbish automotive components are still under way. We
are very excited about bringing the HOSS UTV back online for
production and getting them to the market, both here and abroad. We
are very fortunate as a company to have both personal and business
relationships within China and in particular, with Dong Feng
Motors. We have been offered several additional business
opportunities in China, as well as other opportunities with Dong
Feng Motors. We are relentlessly evaluating each opportunity and
proposal, and will keep our shareholders advised of the
developments."
Lastly, Highline Technical Innovations, Inc. is adamant about
being as transparent and communicative with our shareholders as
contractually possible, considering our numerous ongoing
negotiations. Therefore, we are currently in the process of
providing OTC Pinksheets the necessary paperwork to bring the
company status to the top tier "current information."
About Highline Technical Innovations, Inc. HTI is comprised of
three subsidiaries, Highline Hydrogen Hybrids, Bo-tie Manufacturing
and Hoss Motorsports. Highline Hydrogen Hybrids HHI manufactures
performance fuel systems that focus on reducing harmful emission
levels to meet and exceed EPA quotas. Its effect on horsepower and
fuel economy makes it good to be green. Bo-tie Manufacturing
produces high grade aluminum truck beds that supersede conventional
steel models. At half the weight, Bo-tie beds provide greater fuel
economy or larger payloads. Hoss Motor Sports is focused on the
production of American Made OFF-ROAD vehicles that are built to
withstand the punishment of every day commercial use and are
customized to meet the needs of special interest groups.
Contact: Charlton Coats 1-479-267-6000
c.coats@highlineinnovations.com
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