KANSAS CITY, Mo., Aug. 21, 2014 /PRNewswire/ -- APT MotoVox
Group, Inc. (OTC BB: MTVX) today announced receipt of new orders
that doubled existing orders in Mexico and Latin
America. MotoVox products will be delivered to Sam's Club,
Groupo Elektra, Liverpool and other key stores throughout
Latin America.
Groupo Elektra owns more than 1,000 stores in Mexico, Brazil, Guatemala, El
Salvador, Honduras,
Panama and Peru. The stores
owned by Groupo Elektra offer in-store credit to consumers in
Mexico and Central America.
The additional 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.
"Elektra is one of the largest retailers in Latin America.
Doubling the order quantity at this stage creates a clear path to
prolific distribution throughout Latin
America," said Troy A. Covey,
President. "We expect multiples on growth of order quantities
over the next twelve months."
"It is usually very capital intensive and challenging for a
company to achieve international distribution," said Mr. Covey. "We
are pleased that our relationship with a key distributor in
Latin America has resulted in
market penetration without the traditionally associated
costs."
"Our products have received the highest marks for quality and
design which is reflected in the demand for larger quantities in
these key international markets. This is just the beginning of a
huge rollout of MotoVox products through 2014 that we expect will
explode in 2015," said Mr. Covey.
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.