Ultimate Sports, Inc. Announces Completion of Acquisition
14 Mai 2010 - 9:15PM
Ultimate Sports, Inc. (PinkSheets:USPS), a manufacturer and
supplier to the recreational vehicle industry, announced today that
the company has complete the acquisition of IM & M Exercise
Equipment, Inc., formerly traded as Extreme Fitness, Inc.
Under the terms of the acquisition, Ultimate Sports Inc. will
issue 1,000,000 preferred, restricted shares of stock in exchange
for 100% ownership of IM & M Exercise Equipment. All revenues
and earnings are expected to immediately impact Ultimate Sport's
financials. USI's sales are expected to more than double as a
result of this acquisition.
In addition, Ultimate Sports is engaging Vision Broadcast
Network to provide marketing and promotional services to stimulate
product sales. Vision Broadcast Network specializes in hybrid
multi-media broadcasting and production. By focusing on management,
development and by having full operational control over their owned
and affiliated distribution systems, the company provides targeted
production and programming content through Vision Media
Productions. Vision's stations and programming reach millions of
homes across the globe (Source:
www.visionbroadcastnetwork.com).
Kevin Metheny, President of Ultimate Sports, Inc., stated, "The
acquisition of IM & M will allow us to take advantage of
increased economies of scale and synergistic manufacturing. This
acquisition is expected to further diversify our business model and
increase shareholder value."
John Huerta, President of IM & M Exercise Equipment, Inc.,
commented, "We plan to launch two new products targeting the
personal home exercise market through national
mass-marketing. We are looking forward to cooperative
interactions with the Ultimate Sports team that will ultimately
yield an enhanced end result."
About Ultimate Sports, Inc.: Ultimate Sports
specializes in every item, large and small, that snowmobilers need
in order to enjoy the sport and improve their performance —
especially snowmobile skis of all types. We have an extensive
inventory of carbide studs, mount kits, wear bars, suspension
parts, snow flaps, alignment bars, and so much more. Visit
www.usi-skis.com for more information.
About IM & M Exercise Equipment, Inc. (Formerly
traded as Extreme Fitness, Inc.): IM & M
manufactures a wide array of cardiovascular, exercise and strength
training equipment for both professional facilities and personal
home use. Products range from exercise machines to, plates,
dumbbells, barbells, and attachments. The company's customers
include the United States Military, gyms, schools, colleges,
universities, fire departments, police forces, correctional
facilities, fitness companies, fitness centers, recreation centers,
and outdoor sports facilities.
Forward Looking Statements: This press release
contains certain forward-looking statements. Investors are
cautioned that certain statements in this release are "forward
looking statements" and involve both known and unknown risks,
uncertainties and other factors. Such uncertainties include, among
others, certain risks associated with the operation of the company
described above. The Company's actual results could differ
materially from expected results.
CONTACT: Orion Financial
Brokers & Analysts
800-400-1290

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