PR.com: Business Directory, Press Releases, Jobs, Products, Services, Articles
 
Businesses Articles Press Releases Follow @PRcom
Press Release Pricing | News by Category | News by Country | News by US Region | Recent News | PR.com News on Your Site
 

Press Releases

 
Power Sports Factory

Press Release


Receive press releases from Power Sports Factory: By Email RSS Feeds:

Purchase Point Media Corporation Announces That It Has Closed the Acquisition of Power Sports Factory


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.

Forward-Looking Statements

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.

###
Contact Information
Power Sports Factory
Steve Kempenich
856 488-9333
Contact
www.powersportsfactory.com

Click here to view the list of recent Press Releases from Power Sports Factory
Promote Your Business