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KINT trades OTC BB fullly filing (used to be on Nasdaq small cap)...Polaris (PII NYSE 32.25) is a dominant player in this sector...MG has KINT w/5.57m shares outstanding...filings at Edgar...this could have some considerable impact for KINT...my opinion only: (COMTEX) B: (PII) Polaris Industries and Karts International Announce B: (PII) Polaris Industries and Karts International Announce Partnership; Companies to Create Line of Go-karts and Mini-bikes MINNEAPOLIS, Feb 1, 2000 (BUSINESS WIRE) -- Polaris Industries Inc. (NYSE:PII), and Karts International Inc. (OTCBB:KINT) have signed an exclusive three-year licensing agreement to design and distribute Polaris go-karts and mini-bikes. Go-karts and mini-bikes, manufactured by Karts International, will be sold through Polaris dealers nationwide. In addition, Karts International will design and manufacture variations of the Polaris go-kart line and market them to its existing customers. The new product line will be introduced in early March at the Polaris snowmobile dealer conference in Orlando, Fla. The products are expected in Polaris dealerships nationwide at the end of March. "Developing a Polaris brand name go-kart and mini-bike product line with Karts International is a strategic move for us," said Tom Tiller, CEO of Polaris. "Polaris is always looking for ways to expand and reinforce the brand name while offering our customers more choices in their adventure-seeking." The Polaris go-kart product line includes three models featuring two-person adjustable seating powered by 5hp to 11hp engines and a single seat model powered by an 8hp engine. The mini-bike will be designed to replicate the Victory Cruiser, the V92C Motorcycle, introduced in 1998. "A recreational company like Polaris is a natural fit for the go-kart and mini-bike industry," said Charles Brister, president and CEO of Karts International. "The Go-Kart industry has been in need of a new and innovative product line to inject excitement into the market. The appeal of a high-quality, uniquely styled go-kart and mini-bike with the Polaris brand name will attract new customers seeking the thrill of off-road family adventures." Karts International Incorporated, through its three wholly owned subsidiaries, Brister's Thunder Karts Inc., USA Industries Inc. and Straight Line Manufacturing Inc., is one of the largest manufacturers of recreational go-karts in the United States. Karts International Incorporated trades under the symbol "KINT" on the NASD Bulletin Board. For more information on the Polaris licensing program contact Bob Horton, President of Trademarketing Resources, Inc. (the exclusive licensing agent for Polaris) at 248/922-0124. Polaris designs, engineers, manufactures and markets snowmobiles, all-terrain vehicles, motorcycles, personal watercraft and the Polaris RANGER for recreational and utility use. Polaris is the world's largest snowmobile manufacturer and one of the largest U.S. manufacturers of personal watercraft and ATVs. Polaris Industries Inc. trades on the New York Stock Exchange and Pacific Stock Exchange under the symbol "PII," and the company is included in the S&P SmallCap 600 stock price index. Copyright (C) 2000 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: Polaris Industries Marlys Knutson, 612/542-0533 or Karts International Charles Brister, 504/747-1111 WEB PAGE: businesswire.com GEOGRAPHY: MINNESOTA FLORIDA INDUSTRY CODE: TRANSPORTATION MANAGEMENT CHANGES Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. *** end of story *** | ||||||||||||||
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