KANSAS CITY, Mo., June 23, 2014 /PRNewswire/ -- APT MotoVox®
Group, Inc. today announced an initial 1,000 unit order commitment
from a current customer operating as one of the top 10 revenue
grossing international retailers.
The order commitment is for the newly released MBX20 general
purpose "off road" recreational and utility motorcycle. The
retailer name nor the dollar amount of the order cannot be
mentioned due to agreements that prohibit the disclosure of such
information.
The MBX20 is designed as full sized general purpose two wheel
recreational and utility product with a wide scope of uses.
The product is durable and can be equipped to carry cargo.
The MBX20 meets a real need in the market place as there is
nothing else like it.
"We are thrilled to bring this product to market this year as
it's been a long road to get here. The fact that we have
1,000 units in committed orders while in pre-production clearly
illustrates the demand. We expect more commitments and orders
in the weeks to come," said Troy A.
Covey, President. "Orders begin with commitments from the
buyers and within days the purchase orders follow. U.S.
retailers will roll this product out slowly through 2014 to seed
the market through ads and shelf space. This sets the stage
for significant demand for 2015 as millions of people are exposed
to the product. We expect rigorous sales in both domestic and
international sales."
Plans are set to roll the product out to Latin American and
Canadian markets in 2015. "The product and its price point is right
for Latin American markets. The US and Canadian markets will use
the product primarily for rural utility and recreational use, while
Latin American consumers will have an expanded use such as
transportation," said Mr. Covey. "The price is right for
these markets and that's why it will sell very well."
"We spent nearly $600,000 in
development costs and two years of market research, designing,
engineering, prototyping, durability, emissions and safety testing
achieving EPA and California Air Resources Board certifications in
2013. We anticipate production beginning the latter part of
July this year." said Wayne
Patterson, CEO. "There is a real void for this type of
product in both domestic and international markets. We
designed the product to meet that void."
About APT MotoVox Group, Inc.
APT MotoVox Group, Inc. Inc. (OTC BB: FROZ) 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.