KANSAS CITY, Mo., April 16, 2014 /PRNewswire/ -- APT Group, Inc.
(OTC BB: FROZ), a propulsion technology company that manufactures
and distributes advanced, environmentally friendly transportation,
recreation and utility powersport products, today announced that
its executive management team and Board of Directors is in place
for its future as a public company.
Troy A Covey will serve as President, a position he has held
since 2007, when he co-founded the Company with a mission to lead
the motorsports and utility products industry in energy
conservation, quality design, high performance manufacturing and
cutting edge technology. Mr. Covey will also serve on the
Board of Directors.
"We are so proud that MotoVox® has become the fastest growing
brand of small engine price-point powersport products in the world,
with nearly 100,000 powersport products sold to date earning nearly
$25 million in less than three years
of commerce," Mr. Covey said. "Becoming a public entity will
substantially increase our ability to grow the business."
APT Group also announced that N. Douglas
Pritt, CEO of Energy Revenue America and former Chairman and
CEO of NavStar Technologies Inc., will serve on the APT Board of
Directors.
The Board of Directors also appointed the following officers to
serve as the executive team: Wayne D.
Patterson, Chief Executive Officer, who has held senior
executive positions at major consumer brands including Nike, Sony
and Mattel, to oversee product development and marketing;
Colin Ohler, an expert on product
development with a significant background as a rocket scientist, as
Chief Operating Officer; Alexander
Kramer, with 20 years experience in finance and accounting,
as Chief Financial Officer; William
Maher, with significant global experience in commercial
banking, Senior Vice President, Corporate and Legal Affairs; and
William C. Dyess, co-founder of the
Company, as Senior Vice President, Director of Research and
Development.
"With our highly experienced team in place, APT Group, Inc. is
very excited about what the future holds for our company," said Mr.
Patterson. "We have several new products that are launching
this year and we continue to add additional retailers to our
distribution channels in both the United
States and Mexico. The new products include adult mini
bikes to complement APT's already successful junior powersports
lines."
"MotoVox and MotoVox Pro, our branded lines of Powersport
equipment, are now growing internationally, and have some great new
scratch up designs ready for late 2014 and early 2015. The
SmartCarb has now proven itself through race teams and small scale
production to be disruptive and much needed in the global market.
Our Sonic Flow engine development schedule has accelerated
and we hope to be in durability testing next year with the
revolutionary oil-less 2-stroke engine. Lastly, our EPA/CARB
emission testing lab is almost through certification," Mr.
Patterson said.
About APT Group, Inc.
APT Group, Inc. 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.