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SOURCE APT MotoVox Group, Inc.
KANSAS CITY, Mo., July 7, 2014 /PRNewswire/ -- APT MotoVox Group, Inc. today announced an order of 3,000 units of its MBX Mini Bike line, an order from a current customer, one of the top 10 revenue grossing international retailers. Neither the retailer name nor the dollar amount of the order can be disclosed due to agreements between the companies.
The MBX Mini Bike line has sold more than 55,000 units in just under three years and in 4th quarter of 2014 APT MotoVox Group will roll out the MBX Mini Bike line in Latin America and Canada. The company performed a "rate of sale" exercise within a few markets in Mexico that resulted in a 97% sell through in just four weeks. "Anyone in the retail business would concur that a sell through at this rate is a winner," said Troy A. Covey, President of APT MotoVox Group, Inc.
"The product and its price point are right for Latin American markets. Plans are set to rapidly expand the product to Latin American and Canadian markets in 2015 after a limited but strategic launch in Mexico during the latter part of the fourth quarter of 2014, with aggressive distribution in 2015," Mr. Covey said.
The MBX Mini Bike line has achieved the highest marks for quality and design of the "traditional" mini bike product segments. APT MotoVox Group will be announcing the evolution of the "common minibike" fourth quarter this year by introducing the MBX 13, 14, and 15 Pro.
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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