Ultimate Sports Announces Update on Large Contract Negotiations With Major Snowmobile Manufacturer
17 Juni 2010 - 3:00PM
Ultimate Sports, Inc. (Pink Sheets:USPS), a manufacturer and
supplier to the recreational vehicle industry, announced an update
on negotiations with a major snowmobile manufacturer for the
purchase of production skis.
Negotiations with this major manufacturer will allow USI to
mass-produce its "Best Ski in the Industry" award-winning X2 skis
in-house. More specifically, when complete, USI will be producing
large quantities of the race proven X2 skis. The ultra
high-performance skis will be utilized on the manufacturer's best
top of the line snowmobiles. A finalized contract will also
facilitate greatly increased production for USI's parts and
accessories division.
Kevin Metheny, President of Ultimate Sports, states, "We know
that in our 23 years of business this will be the largest contract
for USI for a single ski ever. The demand will require us to
produce our race proven award-winning skis at a phenomenal pace for
a major manufacturer. This will change the future of USI and
immediately increase our revenue, possibly doubling it. Not
only does this deal reflect our presence in the market but can be
leveraged to incrementally increase business with other OEM's."
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.
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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