SPO Networks Inc (SPOI)

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Reminder:

Highline Technical Innovations, Inc. Announces Joint Venture with Dong Feng Motors
09/22/2010
Highline Technical Innovations. Inc. announced a completed joint venture with Dongfeng Motor Corp. to manufacture and sell the HOSS line of UTVs. HTI is scheduled to receive the first shipment of UTVs from Dong Feng Motors in the first quarter of 2011. Per the terms of this joint venture, Dong Feng Motors has also acquired the license and rights to manufacture and sell the HOSS UTV within its own distribution channels, and provide royalties for each unit sold to HTI. This UTV (Utility Terrain Vehicle) is designed specifically for the sport utility, forestry, and construction industries. In addition to the Hoss 500, the companies plan to introduce a three cylinder diesel powered UTV. This will be the only diesel UTV manufactured with a supplemental hydrogen fuel system on board. The Diesel model will enter the market priced approximately $3,000.00 less than the closest competitor.