PHILADELPHIA, Dec. 17, 2009 (GLOBE NEWSWIRE) -- Power Sports Factory, Inc. (OTCBB:PSPF - News) Power Sports Factory, the exclusive importer and distributor of fuel efficient motorbikes and scooters under Andretti and Benelli brands, announces the launch of a new line of Electric E-scooters and E-bicycles bearing the eSTRADA Brand.
This year's hottest trend on two wheels: E-Scooters and E-Bikes. According to Electric Bikes Worldwide Reports, more than 23 million electric powered vehicles were sold worldwide in 2008. Additionally, Electric Bikes Worldwide Reports forecast that global E-Bike sales will more than double by 2012 and projected sales for battery-assisted bikes are predicted to show triple-digit gains in 2011. According to an article in Suite101.com, the industry expects Europe to buy 2.5 million E-bikes in 2009, up 355% from 550,000 in 2008 and United States to buy 500,000 E-bikes in 2009, up 194% from 170,000 in 2008.
"We intend to introduce 3 All-New Models in early 2010. The stylish Luxura 500W, sporty Elita 1000Wand high performance Vetrina 1500W will be marketed to consumers at $999.99, $1299.00 and $1499.00respectively. All models will boast the latest battery technology, superior performance and the latest styling," said Steve Rubakh, President of Power Sports Factory, Inc. "Power Sports Factory is committed to sourcing, designing and distributing the highest quality products at the most aggressive price points. The E-portable transportation market offers significant opportunity to offer a line of innovative, high quality products that offer cost effective, emissions free alternatives to other form of transportation."
About Power Sports Factory, Inc.:
New Jersey based Power Sports Factory, Inc., is wholly owned by Power Sports Factory, Inc. (OTCBB:PSPF -News). Power Sports Factory imports, markets and distributes motorbikes principally under the "Andretti" and "Yamati" brands. Additional information is available on the Power Sports Factory website athttp://www.powersportsfactory.com and www.sec.gov. Power Sports Factory is the only company with motorbikes endorsed by racing legend Mario Andretti. The Andretti line combines top performance, competitive pricing and cutting-edge European design from Benelli. Benelli is the designer of some of the best motorcycles and motorbikes in the world. The Andretti/Benelli line is also known for its high-quality construction and superior styling, making it the smart choice for consumers. With today's volatile price of fuel, motorbikes are a smart alternative for people looking for superb gas mileage.
BikeShareSource(TM) is the Company's recently launched alternative transportation division. This new division markets Bike Sharing Systems to municipalities and transit agencies, property managers and real estate developers, colleges and universities, military institutions, hotels, parks and other transportation related businesses. Additional information is available at www.bikesharesource.com.
The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Factors that may cause actual results to differ materially from those expressed or implied by its forward-looking statements include, but are not limited to, Power Sports Factory's limited operating history and business development associated with being a growth stage company; its dependence on key personnel; its ability to execute its business strategy; the intense competition it faces; risk associated with disruptions of its international supply chain; its exposure to product liability claims resulting from the use of its products; general economic and capital market conditions; its ability to raise additional capital; as well as those risks described under the heading "Risk Factors" of Power Sports Factory's Form 10-KSB/A, filed with the Securities and Exchange Commission on August 18, 2008. Although Power Sports Factory, Inc. believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct.