Ultimate Sports, Inc. Expanding Operations With Acquisition
05 May 2010 - 10:00PM
Ultimate Sports, Inc. (Pink Sheets:USPS), a manufacturer and
supplier to the recreational vehicle industry, today announced the
company is preparing to acquire Extreme Fitness Inc. to expand its
growth in the sporting goods industry.
"We are in the final stages of negotiating an acquisition of
Extreme Fitness Inc. Extreme Fitness has an 18 year history of
manufacturing high quality exercise and fitness equipment and is on
the cusp of opening a nationwide sales channel," stated Ultimate
Sports President, Kevin Metheny. "Upon completing this
acquisition, we will assist Extreme Fitness in capitalizing on
their upcoming distribution opportunities while leveraging their
existing sales base. The company plans to announce two new products
in 2010 that target this $66 billion dollar industry."
Extreme Fitness enjoys a stable and expanding customer base
which includes the United States Air Force Academy, United States
Olympic Training Centers in Colorado Springs, Colorado, Lake
Placid, New York, San Diego, California, and Salt Lake City, Utah,
as well as numerous gyms, schools, colleges, universities, fire
departments, police forces, correctional facilities and military
centers.
Ultimate Sports intends to announce the completed Letter of
Intent next week.
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 Extreme Fitness Inc.: Extreme Fitness 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 and fitness centers, recreation centers and outdoor
sports facilities. It serves the United States Olympic training
centers in Colorado Springs, Colorado, Lake Placid, New York, San
Diego, California, and Salt Lake City, Utah.
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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