Cycle Country Contracts with AFS Logistics; Improved efficiencies to cut inbound/outbound freight costs by over 20 percent
MILFORD, Iowa, Nov. 4, 2003 (PRIMEZONE) -- Cycle Country Accessories Corp. (AMEX:ATC), the outright leader in developing and manufacturing select custom-fitting accessories for the all-terrain vehicle (ATV) and other diversified industry products, has contracted with AFS Logistics to implement a logistics management program to more efficiently ship the company's products. The program will leverage AFS Logistics' buying power for partial load shipments that are currently handled by common carriers.
Increasing demand for Cycle Country's industry-leading snowplows and other ATV attachments gave the company the scale necessary to benefit from professional logistics planners. The agreement should allow for the most efficient use of its own trucking fleet, while reducing the impact of small-order shipments. In addition to streamlining and reducing costs on the company's outbound shipments, the AFS contract will also result in inbound freight cost reductions which are expected to lower input costs.
"We continue to be focused on maximizing shareholder value along with customer satisfaction," says Ron Hickman, President and CEO of Cycle Country. "Working with AFS will allow us to ship the high volume of products that full production demands, while keeping our freight cost to a minimum, without compromising service to our customers."
About Cycle Country Accessories Corporation:
Cycle Country, www.cyclecountry.com , with over 50% of the worldwide market in several product categories, is the industry leader in the design, engineering and manufacturing of custom-fitting accessories for the utility all-terrain vehicle (ATV).
Since 1981, Cycle Country has developed an extensive line of branded products of snowplows, lawnmowers, spreaders, sprayers, hitches and many other utility equipment items along with recreational accessories. The Company's products custom fit virtually every brand of ATV on the market, which are distributed to essentially all ATV and motorcycle dealers in North America.
The Company has 19 international distributors that sell Cycle Country products in 35 countries throughout Asia, Europe, Central and South America. Additionally, Cycle Country dominates the golf car wheel cover market by manufacturing approximately 90% of all wheel covers sold to original equipment manufacturers worldwide. The Company sells high-performance premium oil filters for motorcycles and ATVs throughout the U.S. under the brand name Perf-form Products. They also manufacture heavy-duty garden equipment attachments for garden tractors, ATVs and other utility vehicles within the Lawn & Garden industry under their brand name Weekend Warrior.
For the latest SEC filings or past news releases, go to the company's website at www.cyclecountry.com and click on the Investor Relations heading. Please direct any financial questions to Todd Doom at Modern Media, LLC. (317) 413-7990.
Cycle Country Accessories Corp: 2188 Hwy. 86 -- Milford, Iowa 51351 -- 800.841.2222