Las Vegas, NV, June 10, 2009 --(PR.com
)-- Xtreme Green Products, Inc. (XGP), an eco-vehicle company specializing in the development of electric and environmentally friendly land and personal watercraft, has announced today that it has received a signed letter of intent from Findlay Automotive Group to establish Xtreme Green Products dealerships throughout Arizona, Utah and Nevada.
“Findlay Automotive Group is the premier auto dealership in the Southwestern United States and currently represents over 17 leading automotive brands,” commented Neil Roth, President and Chief Operating Officer of Xtreme Green Products. “Findlay’s strong management team, its clearly defined market leadership position, and its dedication to bringing new technologies to the auto industry make it an ideal partner for Xtreme Green Products,” he added.
Xtreme Green Products is currently marketing its X Rider electric motorcycle and its line of Xtreme Green electric motor scooters. The X Rider can travel at speeds up to 65mph with a range of 95 miles on a single charge. The Xtreme Green electric motor scooter line includes two models, both of which can travel at speeds up to 50mph. The EM40 scooter has a range of 50 miles and the more powerful EM60 scooter has a range of 75 miles. The agreement with Findlay Automotive Group provides exclusive marketing and distribution rights for both the X Rider motorcycle and the motor scooters in Las Vegas, Nevada, Northern Arizona, and St. George, Utah.
“We are excited to be working with Xtreme Green Products to bring to market several of the most innovative and environmentally friendly alternative fuel vehicles available for sale in the industry,” explained Tyler Corder, Chief Financial Officer of Findlay Automotive Group. “We look forward to continuing to work closely with Xtreme Green Products’ management team to ensure that we deliver the highest quality and most complete collection of eco-vehicles to our customers,” he concluded.
About Xtreme Green Products, Inc.
Xtreme Green Products, Inc., is an eco-vehicle company designing and building revolutionary, electric powered, land and personal watercraft. Our products in development include extreme sports vehicles such as jetboards, jet skis, ATVs, and snowmobiles as well as everyday products such as motorcycles, light trucks, police mobility vehicles, motor scooters, go carts, people movers, and golf cars.
This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in Xtreme Green Product's ("the Company") business plan. The Company's business is subject to various risks, which are discussed in the Company's filings with the Securities and Exchange Commission ("SEC"). The Letter of Intent with Findlay Automotive Group should not be construed as an indication in any way whatsoever of the value of the Company or its common stock. The Company's filings may be accessed at the SEC's Edgar system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.