Viper Motorcycle Company acquires PMFR
Published on Monday, 30 April 2012 09:47 Written by TradersHuddle Staff
AUBURN, Ala., April 30, 2012 /PRNewswire/ -- Viper Powersports, Inc. (OTCQB: VPWI), announced today that it has acquired the assets of Shakopee, MN based PMFR, which operates under the name Precision Metal Fab Racing.
PMFR has been operating for 36 years and is a leading manufacturer of performance racing bikes and components. PMFR markets its products worldwide through pmfronline.com and other distributors. PMFR Inc., a new, wholly owned subsidiary, will serve as the aftermarket, high performance division of Viper Powersports, Inc.
Founder and Principal of PMFR, John Trutnau stated, "I look forward to the opportunity of continued growth for PMFR with the support and additional resources from Viper Powersports. We have built numerous custom, race and NHRA Championship bikes; however, what I am really looking forward to is building an NHRA Championship Winning Pro Stock Motorcycle featuring the Viper-Ilmor racing engine."
John Silseth, CEO of Viper Powersports stated, "John Trutnau is known for his integrity and reputation and we are extremely excited to have him and his team join our organization. PMFR has consistently demonstrated positive operational cash flow and we can build upon this foundation and reach new heights. Viper plans to begin manufacturing of Diamondback production components, while assisting PMFR's team to upgrade and expand the PMFR website to include our proprietary Viper-Ilmor V-Twin Engines. Viper now has the world class capabilities of manufacturing and selling complete NHRA Pro Stock Drag Race chassis, featuring a Viper-Ilmor racing engine."
ABOUT VIPER POWERSPORTS, INC: Viper Powersports designs, manufactures and markets a line of premium American V-Twin Super Cruiser motorcycles, V-Twin aftermarket engines and other related aftermarket products through an independent dealer network. Joint venture partner Ilmor Engineering (www.ilmor.com), provides technical developmental support for the proprietary 152 cubic inch Viper V-Twin engine, utilizing their 25 years of engine design expertise, ensuring Viper's long term success as America's newest domestic OEM of motorcycles. Viper Motorcycle Company website is www.vipermotorcycle.com.
The foregoing material may contain forward-looking statements. We caution that such statements may be subject to uncertainties and that actual results could differ materially from the fore-going statements. Readers accordingly should not place undue reliance on these forward-looking statements, which do not reflect anticipated or unanticipated events or circumstances occurring after the date of these forward-looking statements.
FOR MORE INFORMATION CONTACT:
John R. Silseth
Chief Executive Officer
Viper Powersports, Inc.
Tel: (334) 887-4445
Timothy C. Kling
Chief Financial Officer
Viper Powersports, Inc.
Tel: (334) 887-4445
SOURCE Viper Powersports
Related Partner Headlines
Latest Partner Headlines
Dow Today: Verizon Communications (VZ) Higher - TheStreet.com
Separating the Bargains From the Busts - TheStreet.com
Cramer Quick Take: The 60-Inch TV Will Be Key This Holiday - TheStreet.com
Cramer Quick Take: Cisco Wins If Fiscal Cliff Is Resolved - TheStreet.com
Gap Up and Sit - TheStreet.com
Apple, Intel, MicroStrategy: Tech Winners & Losers - TheStreet.com
Windows 8 PC Sales Disappointing: Report - TheStreet.com
Cramer Quick Take: Buy Home Depot and Lowe's - TheStreet.com
Dow JonesCompany ID [INDEXDJX:.DJI] Last trade:15,112.19 Trade time:4:52PM EDT Value change:▼206.04 (-1.35%)
S&P 500Company ID [INDEXSP:.INX] Last trade:1,628.93 Trade time:4:52PM EDT Value change:▼22.88 (-1.39%)
NASDAQCompany ID [INDEXNASDAQ:.IXIC] Last trade:3,443.20 Trade time:5:15PM EDT Value change:▼38.98 (-1.12%)
In The Wires
Catalyst Paper board chairman steps in as interim CEO
Michael MacDonald Elected to DSA Board of Directors
The Gymboree Corporation Appoints Joelle Maher as Chief Operating Officer
Noble Corporation To Present At The GHS 100 Energy Conference
Dates Set For PG&E Quarterly Stock Dividends
General Mills Will Webcast Two Upcoming Investor Briefings
PetroQuest Energy Announces Acquisition Of Shallow Water Gulf Of Mexico Assets And Acceleration Of Its Onshore Programs; Updates 2013 And Provides 2014 Production Guidance
PG&E Names Dick Kelly to Boards of Directors