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SOURCE APT MotoVox Group, Inc.
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/).
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
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