KANSAS CITY, Mo., April 28, 2014 /PRNewswire/ -- APT Group, Inc., a
propulsion technology company that manufactures and distributes
advanced, environmentally friendly transportation, recreation and
utility powersport products (www.powerapt.com), today announced
that it has successfully completed an international sales launch
and market test through a relationship with a leading Latin
American motorsport manufacturer and
distributor.
APT Group, Inc.
expanded its distribution channels into
Latin America with the MotoVox®
brand of powersport products through a relationship
with a leading Latin American motorsport distributor and
manufacturer. The company represents a
significant portion of the regional motorcycle market
share with more than 3,000 sales points consisting of big box
retailers and motorsport and transportation dealers throughout
Latin America.
The two companies launched the introduction of the MotoVox®
brand in Q4 2013 through a market test program with two large
retailers.
"The sales pace and sell-through exceeded expectations,"
said Troy A. Covey, President. "The relationship is
strategic and provides significant value to both
parties through retail distribution and the
anticipated application of APT's SmartCarb® fuel system
technology. In addition to Latin
America, we are optimistic about opening additional retail
markets through this relationship," says Mr. Covey.
"We are seeing strong demand in a variety of
demographics through these two diverse retail sales
channels," said Wayne Patterson, CEO.
"Currently underway is continued expansion to third and fourth
regional retailers while preparing for a multinational roll out for
the current sales channels."
The success of the market test has propelled the companies
towards a multinational distribution and technology
agreement. The parties will make additional disclosures upon
completion of the agreement.
About APT Group, Inc.
APT Group, Inc. (OTC BB: FROZ) is a Missouri 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 Group, Inc.
InvRel@motovox.com
Paul Knopick
E & E Communications
940.262.3584
pknopick@eandecommunications.com
SOURCE APT Group, Inc.