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what a day
where's my gift?
looking nice
u bet and still buying
Put PSPF On the watch list
gm everyone
call the company to verify but it looks like its around 68 mill now
wow thnx now i understand
why are we going down
whats going on here
PSPF
Power Sports Factory Announces Retirement of $1,279,851 in Liabilities and $260,000 in Equity Investment
PHILADELPHIA, Feb 8, 2010 (GlobeNewswire via COMTEX) -- Power Sports Factory, Inc. (OTCBB:PSPF), the exclusive importer and distributor of fuel efficient motorbikes and scooters under Andretti and Benelli brands, announces that it has significantly improved its Balance Sheet by reducing its liabilities by $1,279,851 and has received $260,000 in exchange for equity since October 23rd, 2009.
"We are very pleased that our Investors, Vendors and Manufacturing Partner are willing to take common stock in exchange for their outstanding balances," said CEO Shawn Landgraf. "It is truly a testament to their belief in our organization and the bright future of Power Sports Factory."
Shawn Landgraf adds, "We believe that these debt conversations were executed in the best interest of the PSF and structured to resolve company payables and clean up the balance sheet. These moves we believe have made Power Sports Factory a more attractive company to the investment community and we fully anticipate successful negotiations for an infusion of additional investment capital in the 1st quarter of 2010."
Power Sports Factory, Inc, (OTCBB:PSPF) imports, markets and distributes motorbikes principally under the "Andretti," "Benelli" and "Yamati" brands. Additional information is available on the Power Sports Factory website at http://www.powersportsfactory.com and www.sec.gov. Power Sports Factory's line combines top performance, competitive pricing and cutting-edge European designs by Benelli, prestigious designer and manufacturer of some of the best motorcycles in the world. The Benelli line is known for its high-quality construction and superior styling, making it the smart choice for consumers. With today's volatile price of fuel, motorbikes are a smart alternative for people looking for superb gas mileage.
The Power Sports Factory, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6670
BikeShareSource(TM) is the company's recently launched Alternative Transportation Division. This new division markets Bike Sharing Systems to municipalities and transit agencies, property managers and real estate developers, colleges and universities, military institutions, hotels, parks and other transportation related businesses. Additional information is available at www.bikesharesource.com.
"The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Factors that may cause actual results to differ materially from those expressed or implied by its forward-looking statements include, but are not limited to, Power Sports Factory's limited operating history and business development associated with being a growth stage company; its dependence on key personnel; its ability to execute its business strategy; the intense competition it faces; risks associated with disruptions of its international supply chain; its exposure to product liability claims resulting from the use of its products; general economic and capital market conditions; its ability to raise additional capital; as well as those risks described under the heading "Risk Factors" of Power Sports Factory's Form 10-K, filed with the Securities and Exchange Commission on April 15, 2009. Although Power Sports Factory believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct."
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Power Sports Factory
By Staff
CONTACT: CONTACT: Power Sports Factory
Shawn Landgraf, CEO
267.546.9073
slandgraf@powersportsfactory.com
Power Sports Factory Announces Retirement of $1,279,851 in Liabilities and $260,000 in Equity Investment
PHILADELPHIA, Feb 8, 2010 (GlobeNewswire via COMTEX) -- Power Sports Factory, Inc. (OTCBB:PSPF), the exclusive importer and distributor of fuel efficient motorbikes and scooters under Andretti and Benelli brands, announces that it has significantly improved its Balance Sheet by reducing its liabilities by $1,279,851 and has received $260,000 in exchange for equity since October 23rd, 2009.
"We are very pleased that our Investors, Vendors and Manufacturing Partner are willing to take common stock in exchange for their outstanding balances," said CEO Shawn Landgraf. "It is truly a testament to their belief in our organization and the bright future of Power Sports Factory."
Shawn Landgraf adds, "We believe that these debt conversations were executed in the best interest of the PSF and structured to resolve company payables and clean up the balance sheet. These moves we believe have made Power Sports Factory a more attractive company to the investment community and we fully anticipate successful negotiations for an infusion of additional investment capital in the 1st quarter of 2010."
Power Sports Factory, Inc, (OTCBB:PSPF) imports, markets and distributes motorbikes principally under the "Andretti," "Benelli" and "Yamati" brands. Additional information is available on the Power Sports Factory website at http://www.powersportsfactory.com and www.sec.gov. Power Sports Factory's line combines top performance, competitive pricing and cutting-edge European designs by Benelli, prestigious designer and manufacturer of some of the best motorcycles in the world. The Benelli line is known for its high-quality construction and superior styling, making it the smart choice for consumers. With today's volatile price of fuel, motorbikes are a smart alternative for people looking for superb gas mileage.
The Power Sports Factory, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6670
BikeShareSource(TM) is the company's recently launched Alternative Transportation Division. This new division markets Bike Sharing Systems to municipalities and transit agencies, property managers and real estate developers, colleges and universities, military institutions, hotels, parks and other transportation related businesses. Additional information is available at www.bikesharesource.com.
"The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Factors that may cause actual results to differ materially from those expressed or implied by its forward-looking statements include, but are not limited to, Power Sports Factory's limited operating history and business development associated with being a growth stage company; its dependence on key personnel; its ability to execute its business strategy; the intense competition it faces; risks associated with disruptions of its international supply chain; its exposure to product liability claims resulting from the use of its products; general economic and capital market conditions; its ability to raise additional capital; as well as those risks described under the heading "Risk Factors" of Power Sports Factory's Form 10-K, filed with the Securities and Exchange Commission on April 15, 2009. Although Power Sports Factory believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct."
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Power Sports Factory
By Staff
CONTACT: CONTACT: Power Sports Factory
Shawn Landgraf, CEO
267.546.9073
slandgraf@powersportsfactory.com
PSPF NEWS
Power Sports Factory Signs Definitive Agreement to Expand Its International Distribution Channels
PHILADELPHIA, Feb. 4, 2010 (GLOBE NEWSWIRE) -- Power Sports Factory, Inc. (OTCBB:PSPF - News), an exclusive importer and distributor of fuel efficient motorbikes and scooters under Andretti and Benelli brands and America's only Publicly Traded Bike Sharing Company, today announced that they have signed a definitive agreement with Exclusive Venture Capital, an International Advisory Group.
Exclusive Venture Capital will assist Power Sports Factory with its international sales strategy and in fundraising, helping to identify potential international joint-venture partnerships and acquisitions located in Latin America and Eastern Europe.
Power Sports Factory, Inc. President Steve Rubakh commented, "As we transition from a Scooter Distributor to a Green Alternative Transportation Company, it's important to align ourselves with firms that have international reach. We believe that working with Exclusive Venture Capital will help us build international distribution for scooters and bike share systems."
Power Sports Factory, Inc. (OTCBB:PSPF - News) imports, markets and distributes motorbikes principally under the "Andretti", "Benelli" and "Yamati" brands. Power Sports Factory is the only company with motorbikes endorsed by racing legend Mario Andretti. The Andretti line combines top performance, competitive pricing and cutting-edge European design from Benelli, the designer of some of the best motorcycles and motorbikes in the world. The Andretti & Benelli Product Line is known for its high-quality construction and superior styling, making it the smart choice for consumers. With today's volatile price of fuel, motorbikes are a smart alternative for people looking for superb gas mileage. For additional information, please visit www.powersportsfactory.com and www.sec.gov.
The Power Sports Factory, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6670
Bike Share Source(TM) is the Company's recently launched alternative transportation division. This new division markets Bike Sharing Systems to municipalities and transit agencies, property managers and real estate developers, colleges and universities, military institutions, hotels, parks and other transportation related operations. Additional information is available at www.bikesharesource.com.
"The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Factors that may cause actual results to differ materially from those expressed or implied by its forward-looking statements include, but are not limited to, Power Sports Factory's limited operating history and business development associated with being a growth stage company; its dependence on key personnel; its ability to execute its business strategy; the intense competition it faces; risks associated with disruptions of its international supply chain; its exposure to product liability claims resulting from the use of its products; general economic and capital market conditions; its ability to raise additional capital; as well as those risks described under the heading "Risk Factors" of Power Sports Factory's Form 10-K, filed with the Securities and Exchange Commission on April 15, 2009. Although Power Sports Factory believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct."
wow looks great thnx
PSPF NEWS
Power Sports Factory Announces Monthly Shareholder Update and Progress in Its Bike Sharing Division
PHILADELPHIA, Feb. 1, 2010 (GLOBE NEWSWIRE) -- Power Sports Factory, Inc. (OTCBB:PSPF - News), the exclusive importer and distributor of fuel efficient motorbikes and scooters under Andretti and Benelli brands and the only publicly traded Bike Sharing Company, announces that it will release a monthly shareholder update designed to keep the market informed of the significant business progress of PSF along with major corporate developments.
“Our Bike Sharing Division has achieved many major milestones over the last 6 months and will be the focus of this initial shareholder update,” said Power Sports Factory’s President Steve Rubakh. ”The response to our Solar Powered Bike Sharing Solution has been phenomenal and therefore we are currently bidding on several multi-million dollar projects.”
PSF announced its participation in multiple bids (RFP) and proposals for Bike Sharing Services in North America. These projects are located in CO, MN, OH, PA and FL. The total combined value of these RFP’s and proposals exceeds $6 million. Additionally, Power Sports Factory, along with its consulting partner, initiated proposals for International Bike Sharing Operations in Turkey and Egypt, valued at over $2.5 million.
Power Sports Factory’s President Steve Rubakh states, "In addition to the significant progress on potential sales, an all-new and upgraded Bike Sharing Kiosk has been developed by our manufacturing partner. It now features the world’s only dual-release option to rent bikes: cell phone or smart card – powered by solar energy. This technological advancement makes our system more competitive by simplifying the bike renting & returning process and significantly improves revenue generation for the system."
About Power Sports Factory, Inc:
Power Sports Factory, Inc. (OTCBB:PSPF - News) imports, markets and distributes motorbikes principally under the “Andretti”, “Benelli” and “Yamati” brands. Power Sports Factory is the only company with motorbikes endorsed by racing legend Mario Andretti. The Andretti line combines top performance, competitive pricing and cutting-edge European design from Benelli, the designer of some of the best motorcycles and motorbikes in the world. The Andretti & Benelli Product Line is known for its high-quality construction and superior styling, making it the smart choice for consumers. With today’s volatile price of fuel, motorbikes are a smart alternative for people looking for superb gas mileage. For additional information, please visit www.powersportsfactory.com and www.sec.gov.
The Power Sports Factory, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6670
Bike Share Source™ is the Company’s recently launched alternative transportation division. This new division markets Bike Sharing Systems to municipalities and transit agencies, property managers and real estate developers, colleges and universities, military institutions, hotels, parks and other transportation related businesses. Additional information is available at www.bikesharesource.com.
"The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Factors that may cause actual results to differ materially from those expressed or implied by its forward-looking statements include, but are not limited to, Power Sports Factory's limited operating history and business development associated with being a growth stage company; its dependence on key personnel; its ability to execute its business strategy; the intense competition it faces; risks associated with disruptions of its international supply chain; its exposure to product liability claims resulting from the use of its products; general economic and capital market conditions; its ability to raise additional capital; as well as those risks described under the heading "Risk Factors" of Power Sports Factory's Form 10-K, filed with the Securities and Exchange Commission on April 15, 2009. Although Power Sports Factory believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct."
nice thnx
PSPF NEWS
Power Sports Factory Announces Corporate & Warehouse Relocation and 75% Reduction in Expenses
globenewswire
PHILADELPHIA, Jan. 28, 2010 (GLOBE NEWSWIRE) -- Power Sports Factory, Inc. (OTCBB:PSPF - News), the exclusive importer and distributor of fuel efficient motorbikes and scooters under Andretti and Benelli brands, announces that it has moved its offices to downtown Philadelphia, strategically outsourced its Parts Department and significantly reduced total office and parts overhead expense from $200,000 to $48,000 a year.
"On January 1st, 2010 Power Sports Factory moved its corporate offices from Pennsauken, NJ to 300 Walnut Street in downtown Philadelphia. This move decreased our office expenses, including Warehouse Rent, Phone, Internet & Utilities from $100,000 to $23,000 a year," said company's CEO, Shawn Landgraf.
Shawn Landgraf adds, "As an additional cost cutting measure we have outsourced our parts department to Sunright International in Atlanta. This move made our current 22,000 square foot warehouse obsolete and decreased our parts overhead from $100,000 to $25,000 a year. All service calls will still be handled by Power Sports Factory staff to insure quality and timely support, this is one of many strategic initiatives we finalized in 2009 putting us in a much stronger position for 2010."
About Power Sports Factory, Inc.:
New Jersey based Power Sports Factory, Inc., is wholly owned by Power Sports Factory, Inc. (OTCBB:PSPF - News). Power Sports Factory imports, markets and distributes motorbikes principally under the "Andretti" and "Yamati" brands. Additional information is available on the Power Sports Factory website at http://www.powersportsfactory.com and www.sec.gov. Power Sports Factory is the only company with motorbikes endorsed by racing legend Mario Andretti. The Andretti line combines top performance, competitive pricing and cutting-edge European design from Benelli. Benelli is the designer of some of the best motorcycles and motorbikes in the world. The Andretti Motorbikes are known for its high-quality construction and superior styling making it the smart choice for consumers. With today's volatile price of fuel, motorbikes are a smart alternative for people looking for superb gas mileage.
The Power Sports Factory, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6670
BikeShareSource(TM) is the Company's recently launched alternative transportation division. This new division markets Bike Sharing Systems to municipalities and transit agencies, property managers and real estate developers, colleges and universities, military institutions, hotels, parks and other transportation related businesses. Additional information is available on the at www.bikesharesource.com.
The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Factors that may cause actual results to differ materially from those expressed or implied by its forward-looking statements include, but are not limited to, Power Sports Factory's limited operating history and business development associated with being a growth stage company; its dependence on key personnel; its ability to execute its business strategy; the intense competition it faces; risks associated with disruptions of its international supply chain; its exposure to product liability claims resulting from the use of its products; general economic and capital market conditions; its ability to raise additional capital; as well as those risks described under the heading "Risk Factors" of Power Sports Factory's Form 10-K, filed with the Securities and Exchange Commission on April 15, 2009. Although Power Sports Factory believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct.
Contact:
Power Sports Factory, Inc
Shawn Landgraf, CEO
267.546.9073
PSPF
Power Sports Factory Announces Corporate & Warehouse Relocation and 75% Reduction in Expenses
globenewswire
PHILADELPHIA, Jan. 28, 2010 (GLOBE NEWSWIRE) -- Power Sports Factory, Inc. (OTCBB:PSPF - News), the exclusive importer and distributor of fuel efficient motorbikes and scooters under Andretti and Benelli brands, announces that it has moved its offices to downtown Philadelphia, strategically outsourced its Parts Department and significantly reduced total office and parts overhead expense from $200,000 to $48,000 a year.
"On January 1st, 2010 Power Sports Factory moved its corporate offices from Pennsauken, NJ to 300 Walnut Street in downtown Philadelphia. This move decreased our office expenses, including Warehouse Rent, Phone, Internet & Utilities from $100,000 to $23,000 a year," said company's CEO, Shawn Landgraf.
Shawn Landgraf adds, "As an additional cost cutting measure we have outsourced our parts department to Sunright International in Atlanta. This move made our current 22,000 square foot warehouse obsolete and decreased our parts overhead from $100,000 to $25,000 a year. All service calls will still be handled by Power Sports Factory staff to insure quality and timely support, this is one of many strategic initiatives we finalized in 2009 putting us in a much stronger position for 2010."
About Power Sports Factory, Inc.:
New Jersey based Power Sports Factory, Inc., is wholly owned by Power Sports Factory, Inc. (OTCBB:PSPF - News). Power Sports Factory imports, markets and distributes motorbikes principally under the "Andretti" and "Yamati" brands. Additional information is available on the Power Sports Factory website at http://www.powersportsfactory.com and www.sec.gov. Power Sports Factory is the only company with motorbikes endorsed by racing legend Mario Andretti. The Andretti line combines top performance, competitive pricing and cutting-edge European design from Benelli. Benelli is the designer of some of the best motorcycles and motorbikes in the world. The Andretti Motorbikes are known for its high-quality construction and superior styling making it the smart choice for consumers. With today's volatile price of fuel, motorbikes are a smart alternative for people looking for superb gas mileage.
The Power Sports Factory, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6670
BikeShareSource(TM) is the Company's recently launched alternative transportation division. This new division markets Bike Sharing Systems to municipalities and transit agencies, property managers and real estate developers, colleges and universities, military institutions, hotels, parks and other transportation related businesses. Additional information is available on the at www.bikesharesource.com.
The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Factors that may cause actual results to differ materially from those expressed or implied by its forward-looking statements include, but are not limited to, Power Sports Factory's limited operating history and business development associated with being a growth stage company; its dependence on key personnel; its ability to execute its business strategy; the intense competition it faces; risks associated with disruptions of its international supply chain; its exposure to product liability claims resulting from the use of its products; general economic and capital market conditions; its ability to raise additional capital; as well as those risks described under the heading "Risk Factors" of Power Sports Factory's Form 10-K, filed with the Securities and Exchange Commission on April 15, 2009. Although Power Sports Factory believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct.
Contact:
Power Sports Factory, Inc
Shawn Landgraf, CEO
267.546.9073
great keep it going
all doing great
looking really nice lets hope today is another green day
Yes looking very bullish
yes looking good
Good Morning All
the stock is really looking hot
good morning another green day
nice move looks good
yes the carts look great
look's like we are moving
thank you
great thnx for the heads up
hello everyone
How u Doing today?
it is looking very nice thnx for the update
yes it does with a name like Andretti
thank you the chart looks great have a great day
I agree it looks Very good
Can u Fill us in on it? the stock is really acting nice