APT Moto Vox (PK) (USOTC:MTVX)
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KANSAS CITY, Mo., Oct. 6, 2014 /PRNewswire/ -- APT MotoVox Group, Inc. (OTC BB: MTVX) announced the launch of MOTOPED®, which debuted last December in a breakaway Kickstarter campaign that quickly went viral and then sold out. A re-tooled brand identity, (http://www.motoped.com) officially launches today to our social media fans (https://www.facebook.com/motopeds) and current customers, that will offer access to an initial production run of 500 MOTOPED Pro units available for sale through the website.
With no formal announcement, the company pre-sold through nearly 25 percent of its initial Pro model inventory during a soft launch over the weekend. Customers can expect delivery in time for Christmas.
"Sales results from the first 72 hours certainly exceeded our expectations," said Troy A. Covey, president of APT MotoVox Group. "With the AIM Expo opening in Orlando, Florida next week, the company may have to hold some units aside to ensure sufficient inventory for the most important trade show in our industry in North America."
MOTOPEDS (available in Cruzer, Pro and Survival models) are innovative hybrids that fuse the unique elements of a bicycle, a motorcycle and a moped into a radical new riding experience. Product photos are available at http://www.motoped-choose-your-adventure.com/press-images/. MOTOPEDS utilize a patented jackshaft pedal drive system and various lightweight, low-displacement engine packages in order to yield a 125-pound bike that achieves between 130 and 150 miles per gallon as a commuter. But that's just the business end.
Wayne Patterson, CEO of APT MotoVox Group, added, "MOTOPED has quickly grown to be one of the top-selling motor-assisted bicycles in the world. It causes people to take a completely fresh look at the way they approach two-wheeled transportation -- whether that's a bike to get to and from work or school, or for a variety of new recreational purposes. MOTOPED has achieved cult-like status in record time."
APT MotoVox Group, Inc. indicates that MOTOPEDS will soon be widely distributed through MotoVox's rapidly growing U.S. and International dealer and retailer networks, in addition to the new online store.
For more information, visit http://www.motopeds.com
About APT MotoVox Group, Inc.:
APT MotoVox Group, Inc. (OTC BB: MTVX) is a Delaware registered corporation headquartered in Kansas City and is the holding company for the MotoVox® and MOTOPED® motorsport product lines, SmartCarb® patented fuel system, and the Sonic Flow small engine technology lines (http://www.motovox.com/, http://www.powerapt.com/ and http://www.motopeds.com)
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.
William Maher, SVP
APT MotoVox Group, Inc.
E & E Communications
SOURCE APT MotoVox Group, Inc.