Interesting read....seems to have the market cornered as no other product like it...
KANSAS CITY, Mo., June 23, 2014 /PRNewswire/ -- APT MotoVox® Group, Inc. today announced an initial 1,000 unit order commitment from a current customer operating as one of the top 10 revenue grossing international retailers.
The order commitment is for the newly released MBX20 general purpose "off road" recreational and utility motorcycle. The retailer name nor the dollar amount of the order cannot be mentioned due to agreements that prohibit the disclosure of such information.
The MBX20 is designed as full sized general purpose two wheel recreational and utility product with a wide scope of uses. The product is durable and can be equipped to carry cargo. The MBX20 meets a real need in the market place as there is nothing else like it.
"We are thrilled to bring this product to market this year as it's been a long road to get here. The fact that we have 1,000 units in committed orders while in pre-production clearly illustrates the demand. We expect more commitments and orders in the weeks to come," said Troy A. Covey, President. "Orders begin with commitments from the buyers and within days the purchase orders follow. U.S. retailers will roll this product out slowly through 2014 to seed the market through ads and shelf space. This sets the stage for significant demand for 2015 as millions of people are exposed to the product. We expect rigorous sales in both domestic and international sales."
Plans are set to roll the product out to Latin American and Canadian markets in 2015. "The product and its price point is right for Latin American markets. The US and Canadian markets will use the product primarily for rural utility and recreational use, while Latin American consumers will have an expanded use such as transportation," said Mr. Covey. "The price is right for these markets and that's why it will sell very well."
"We spent nearly $600,000 in development costs and two years of market research, designing, engineering, prototyping, durability, emissions and safety testing achieving EPA and California Air Resources Board certifications in 2013. We anticipate production beginning the latter part of July this year." said Wayne Patterson, CEO. "There is a real void for this type of product in both domestic and international markets. We designed the product to meet that void."
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