FONTANA, Calif., Feb. 27, 2007 (PRIME NEWSWIRE) -- Fans attending the February 25th running of the Auto Club 500 NASCAR race in Fontana, California, got to see the new Moto 50 signature series motorcycle manufactured by Tank Sports (OTCBB:TNSP) in conjunction with Moto Cycle Corporation up close for the very first time.
The new motorcycles, endorsed by the top drivers in NASCAR, represent a new and exciting time for Tank Sports and are a major part of its multi-year marketing initiative within North America to build the Tank brand into a household name within the power sports industry.
Representing Moto Cycle Corporation at California Speedway were VP Steve Pedersen and R&D director Jeff Clark who is also a member of Dale Earnhardt, Jr.'s NASCAR team as a crewmember on race day. "After working to develop the Moto 50 motorcycle and its unique characteristics the last 12 months it was great to see the NASCAR fans positive reaction to the products at the race track," said Steve Pedersen.
Tank Sports, in partnership with Moto Cycle Corporation, has the exclusive manufacturing rights to produce the Moto 50 "Signature Series" motorcycles on behalf of Moto Cycle Corporation and current NASCAR drivers under contract include; Dale Earnhardt, Jr, Jeff Gordon, Jimmie Johnson, Tony Stewart, Dale Earnhardt, Sr and Michael Waltrip.
"Having access to manufacture motorcycle products endorsed by the top NASCAR drivers and being able to market those products through our dealer network to the 75 million NASCAR fans is a reflection of our ability to cultivate strong relationships that provide new and exciting distribution opportunities for the company," said Mike Turber, National Sales Manager for Tank Sports.
The Moto 50 "Signature Series" NASCAR motorcycles are 50 cc mini motorcycles and are available with a semi-automatic four speed or a single speed automatic transmission, low profile seat, powder coated rims and special paint scheme. Several local Tank Sports dealers were invited to the race and saw first hand the excitement and interest in the product shown by the race fans at the track. Each dealer who attended the event placed an order with Tank Sports for the NASCAR Moto 50 bikes the day after the race to fill requests from local race fans.
The NASCAR "Signature Series" products will be marketed to all Tank Sports dealers and the newly acquired Redcat Motors dealers located throughout the United States. This combined network of 550 dealers ensures that the NASCAR bikes will be available to more than 95% of the U.S. buying public.
About Tank Sports:
Tank Sports is a leading company that develops, engineers and markets high performance on-road motorcycles and scooters, as well as off-road all-terrain vehicles (ATV's), dirt bikes and go-karts through OEM's in China. Tank Sports utilizes the so-called "China Concept" to participate in the annual $31.5 billion motorcycle/ATV industry.
The Tank Sports, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=3000
About Redcat Motors:
Established in 2001, Redcat Motors is an importer and distributor of off-road power sports products from China. The company has (5) regional warehouse locations and a distribution network of more than 300 dealers. Redcat's monthly parts revenue is $70,000 and in 2005 the company's total revenue was $19,000,000 with a gross profit of nearly $3,400,000. Net earnings were roughly $650,000.
About Moto Cycle Corporation:
Moto Cycle Corporation is a marketing, merchandise and distribution company that created the Moto 50 motorcycle product concept and pioneered the licensing concept of distributing power sports products targeted to a specific demographic of consumers. Moto Cycle Corporation owns the rights to its "Signature Series" line of motorcycles that debut in Q1 of 2007 in partnership with its exclusive manufacturing partner, Tank Sports, Inc.
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