Cycle Country's August Net Income Increases 367% over Last Year
Strength in ATV Accessories is Driving Growth
MILFORD, Iowa, Sep 29, 2004 (PRIMEZONE via COMTEX) -- Cycle Country Accessories Corp. (ATC), the outright leader in developing and manufacturing select custom-fitting accessories for the all-terrain vehicle (ATV) and other diversified industry products, is pleased to announce net income for August, 2004 increased 367% to $313,485 from $67,387 in the same period last year. Revenues for the month increased to $2,347,718 from $1,215,280, an increase of over 93 percent. For the first eleven months of fiscal 2004, revenues are up 53% to $18,949,910 and net income has increased 322% to $1,449,967.
"We are impressed with how our customers have responded to our new product introductions," says Ron Hickman, President and CEO of Cycle Country. "We are also seeing strong demand for our industry leading snow blades and OEM products."
About Cycle Country Accessories Corp.
Cycle Country, with over 50% of the worldwide market in several product categories, is the industry leader in the design and manufacturing of custom-fitting accessories for virtually every brand of utility all-terrain vehicles (ATV's).
To view company information, updates, the latest SEC filings or past news releases, go to the company's website at cyclecountry.com and click on the Investor Relations heading. Please direct any financial questions to Todd Doom at Magellan Financial Media Group, LLC. (317) 867-2839.
SOURCE: Cycle Country
Magellan Financial Media Group, LLC
Todd Doom
(317) 867-2839
. |
