'We've been lucky so far this year, in that we've managed to keep sales a little closer to flat than the rest of the industry, which was down about 9% overall for its first quarter sales this year", said Giant COO Greg Haehn, "with the upcoming release of 14 new and updated Suzuki products, we anticipate stronger than normal 3rd and 4th quarters. Hayabusas are hot; it's the fastest mass-produced bike in the world and people have been anxiously awaiting its release. So we're excited."
Led by its flagship sport bike, the Hayabusa, Suzuki is looking to increase its already large following with the new models. The redesign of the Hayabusa comes after years of dominance in its class. Suzuki introduced 2 brand new models as well; the much-anticipated B-King muscle bike, and the entry level GSF650X. The ever popular GSX600R and GSX750R are being updated as well.
Giant Motorsports, Inc. is a retailer of new and used motorcycles, all- terrain vehicles (ATVs), scooters, parts and accessories, extended service contracts, and aftermarket motorcycle products. The Company's two superstores, which are located in Chicago, Illinois and Salem, Ohio, also include service departments and arrange financing for customers. The "Big Box" locations draw customers from neighboring cities and states. It's long- term plan is to consolidate the fragmented power sports industry through acquisitions.
The Chicago store operates under the name 'Chicago Cycle' and the Salem store operates under the name 'Andrews Cycles'.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. A wide variety of factors that may cause actual results to differ from the forward-looking statements include, but are not limited to, the following: sales of the Company's motorcycle and power sports products; the implementation and expansion of the Company's business strategies; competition and the timing of projects and trends in future operating performance, and other risks discussed in the Company's periodic report filings with the Securities and Exchange Commission. These cautionary statements should not be construed as exhaustive or as any admission as to the adequacy of the Company's disclosures. The Company cannot always predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words 'believes,' 'expects,' 'anticipates,' 'intends,' 'estimates,' 'plans,' 'projects,' or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
Source: Giant Motorsports, Inc.