PMCY - A new effort in the the World Motoputt that will hopefully put another wrinkle in Harley's "..thang.." - and perhaps another dent in their market share..!!
Royal Financial Corporation Has Approved the Change of Its Name to Patriot Motorcycle Corporation and Has Authorized a 1 for 10 Reverse Stock Split
CORONA, Calif., Jul 12, 2001 /PRNewswire via COMTEX/ -- Royal Financial
Corporation (OTC Bulletin Board: ROYF) announced today that it has changed its
name to Patriot Motorcycle Corporation effective July 10, 2001. The company's
stock symbol will remain unchanged until consent is received from the NASD for a
new symbol. In addition, the company has authorized a one for ten reverse stock
split. The split shares will begin trading effective Friday July 20, 2001.
Michel Attias, President of Royal Financial Corporation, stated that, "As part
of the company's branding program and to more closely reflect the company's new
focus and current business interests the company has changed its name to Patriot
Motorcycle Corporation."
Mr. Attias added that, "As part of the company's plan to build long term value
for shareholders, we have also authorized a recapitalization of the company's
common stock is being completed. The Board of Directors has determined that the
reverse split will allow the company to establish itself in its industry and
give management time to demonstrate to investors that the company is doing its
best to pursue a business model that would allow for long term earnings growth
and the development of shareholder value."
Patriot Motorcycle Corporation is focused on building and acquiring operating
companies to serve the rapidly expanding markets for personal transportation and
recreation. Patriot Motorcycle Corporation manufactures a line of popular custom
motorcycles targeting the mid-price buyer. All motorcycles are manufactured at
the Company's Corona, California facility. The Company sells its products
through established dealers throughout the United States and around the world.
Patriot's motorcycles continue to be in high demand as the backlog of orders for
its unique designs continues to grow. Industry trends indicate that there are
very few manufacturers focused on the mid-price segment of the market which is
now greatly under-served.
For further information, please contact Patriot Motorcycle Corporation, 245
Citation Circle, Corona, California 92880, Attn: Michel Attias, E-mail:
PatriotMC@ProUSA.net, Phone: (909) 735-2682, Fax: (909) 735-7390,
www.patriotmotorcycles.com.
Certainly would be interesting to see the old Titan effort end up under the wing of this organization...!!
"...GOoooooooooooooooooooooooooooooooooo PATRIOT..."!!!!!!!!
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