Bikers Dream Announces the Private
Placement of $1.5 Million of Preferred
Stock
Business Wire - February 08, 1999 14:17
RIVERSIDE, Calif.--(AutomotiveWire)--Feb. 8, 1999--Bikers
Dream Inc. (NASDAQ:BIKR) Monday announced the completion
of a private placement of $1.5 million of Series D Preferred
Stock.
"This private placement is the first step to improve the
company's working capital and fund the company's growth
initiatives for 1999," commented Herm Rosenman, chairman
and chief executive officer. "Such financing will enable us to
continue to increase motorcycle production to meet anticipated
demand, to provide working capital for the growth of the recently
launched Ultra Kustom Parts line, and to fortify order fulfillment
requirements for the company's planned launch of new
e-commerce sites."
Bikers Dream is a manufacturer, distributor and retailer of
quality-built American heavyweight cruiser motorcycles.
Corporate headquarters and manufacturing operations are
located in Riverside.
The securities offered by the company have not been registered
and may not be registered under the Securities Act of 1933, as
amended, and may not be offered or sold in the United States
absent registration or an applicable exemption from registration
requirements.
Certain matters discussed herein are "forward-looking"
statements intended to qualify for the safe harbors from liability
in the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to certain risks and
uncertainties, which could cause actual results to differ materially
from those anticipated as of the date hereof. Specific factors
that might cause such a difference might include, but not be
limited to, those referenced by the company's 10QSB for the
quarter ended Sept. 30, 1998. The forward-looking statements
contained herein are only made as of the date hereof and the
company undertakes no obligation to publicly update such
forward-looking statements to reflect subsequent events or
circumstances.
CONTACT: Bikers Dream Inc., Riverside
Investor Relations, 800/927-4730 |
