Ultimate Sports Announces Sales Up, Costs Down and New Products in the Lineup
December 21 2010 - 4:30PM
Ultimate Sports, Inc. (Pink Sheets:USPS), a manufacturer and
supplier to the recreational vehicle industry, issued an additional
update today on the company's status.
Ultimate Sports has shown an over 10% increase in revenue over
last year. The company also looks forward to adding a new ski to
its product line next year, and to initiating the new Thruster
project. USI is actively pursuing funding material for the new
product. Assuming funding, an incremental revenue increase of
$400,000 to $500,000 is expected. The Thruster would be a
snowmobile market changing product. Faster times in races,
positive turn control, and increased speeds are a result of this
innovative add-on.
Kevin Metheny, President of Ultimate Sports, states, "We are
looking forward to launching the Thruster for the 2011 season, and
are confident that the incremental sales will more than double our
bottom line."
About Ultimate Sports, Inc.:
Ultimate Sports specializes in every item, large and small, that
snowmobilers need in order to enjoy the sport and improve their
performance—especially snowmobile skis of all types. We have an
extensive inventory of carbide studs, mount kits, wear bars,
suspension parts, snow flaps, alignment bars, and so much more.
Visit www.usi-skis.com for more information.
Forward-Looking Statements: This press release
contains certain forward-looking statements. Investors are
cautioned that certain statements in this release are
"forward-looking statements" and involve both known and unknown
risks, uncertainties and other factors. Such uncertainties include,
among others, certain risks associated with the operation of the
company described above. The Company's actual results could differ
materially from expected results.
CONTACT: Ultimate Sports
Company Information
410-242-0763
Ultimate Sports (PK) (USOTC:USPS)
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