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SOURCE APT Group, Inc.
--- Engages Leading Latin American Motorsport Manufacturer & Distributor ---
KANSAS CITY, Mo., April 28, 2014 /PRNewswire/ -- APT Group, Inc., a propulsion technology company that manufactures and distributes advanced, environmentally friendly transportation, recreation and utility powersport products (www.powerapt.com), today announced that it has successfully completed an international sales launch and market test through a relationship with a leading Latin American motorsport manufacturer and distributor.
APT Group, Inc. expanded its distribution channels into Latin America with the MotoVox® brand of powersport products through a relationship with a leading Latin American motorsport distributor and manufacturer. The company represents a significant portion of the regional motorcycle market share with more than 3,000 sales points consisting of big box retailers and motorsport and transportation dealers throughout Latin America.
The two companies launched the introduction of the MotoVox® brand in Q4 2013 through a market test program with two large retailers.
"The sales pace and sell-through exceeded expectations," said Troy A. Covey, President. "The relationship is strategic and provides significant value to both parties through retail distribution and the anticipated application of APT's SmartCarb® fuel system technology. In addition to Latin America, we are optimistic about opening additional retail markets through this relationship," says Mr. Covey.
"We are seeing strong demand in a variety of demographics through these two diverse retail sales channels," said Wayne Patterson, CEO. "Currently underway is continued expansion to third and fourth regional retailers while preparing for a multinational roll out for the current sales channels."
The success of the market test has propelled the companies towards a multinational distribution and technology agreement. The parties will make additional disclosures upon completion of the agreement.
About APT Group, Inc.
APT Group, Inc. (OTC BB: FROZ) is a Missouri 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 Group, Inc.
E & E Communications
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