Pennsauken, NJ, September 16, 2007 --(PR.com
)-- Purchase Point Media Corporation (PPMC.OB) announces that it has closed the acquisition, pursuant to a share exchange agreement, of Power Sports Factory, Inc., headquartered in Pennsauken, New Jersey. On September 12, 2007 PPMC filed a FORM 8-K with the Securities and Exchange Commission which describes the details of the acquisition. This information can be obtained at www.sec.gov.
Power Sports Factory, Inc., is a Delaware corporation formed in June, 2003, that imports, markets, distributes and sells motorcycles and scooters. The Company’s product has been marketed mainly under the “Strada” and “Yamati” brands and is imported from China. The majority of the scooters range in size from 50cc to 200cc. On May 15, 2007, PSF signed an exclusive licensing agreement with Andretti IV, LLC. This agreement allows PSF to use the Andretti name to brand scooters for the next 10 years.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements
For additional information call Steve Kempenich , Chief Executive Officer of Power Sports Factory, Inc. @ 856-488-9333.