Motos America Announces Pricing – GuruFocus.com
SALT LAKE CITY, UT/ACCESSWIRE/July 15, 2022/ America Motorcycles Inc.(OTC PINK:WECT-D) (the “Company”), a publicly traded motorcycle dealership group, today announced the official award of an open-point BMW motorcycle dealership to be located in Roswell, in Georgia, in the suburbs of Atlanta. Motos America’s selection for this open-point dealership was confirmed following a meeting last week in BMW’s German home market between Motos America CEO Vance Harrison and President Kris Odwarka with key executives. from BMW.
The new dealership will be located in a prime location in Roswell, Georgia. Motos America’s BWM dealership in Roswell will offer a full line of new and used BMW motorcycles, parts, accessories, apparel and service capabilities in a new, fully dedicated facility.
“As a genuine lifestyle company focused on luxury brand motorcycle dealership operations and riding experiences, we can’t think of a better opportunity than to create a new BMW dealership from the ground up in open point in Roswell, Georgia that has convenient access to the greater Atlanta metro area and several surrounding suburbs,” said Vance Harrison, CEO of Motos America. “BMW is one of the most exciting motorcycle brands in the world. Demand is growing rapidly with over 194,000 units sold globally in 2021, an increase of nearly 15% over the previous year. gasoline prices that have almost doubled year over year and strong secular trends for remote lifestyles, we expect increased interest in motorcycles in general and in premium brands such than BMW. We are grateful to have been selected by BMW and for the confidence they have placed in our operational capabilities by awarding us this dealership site and for their continued commitment to our success.”
An open point dealership refers to a new dealership that has been or will be opened when those rights for the specific location have been granted to a dealership by a motorcycle manufacturer. Motos America’s new state-of-the-art factory in Roswell will be equipped with all the latest service technology and staffed by experienced BMW master technicians, technicians and salespeople. A lounge equipped with TV, WiFi, comfortable seats and reading material will offer customers and motorcyclists a place to share their enthusiasm for the road.
The financial obligations of the award to the Company will be defined in the coming months; however, the Company will not pay blue skies or other fees to BMW or anyone else for this dealership price, but will be obligated to make certain purchases of new motorcycles and parts before the dealership opens. The Company plans to lease a building to house the new dealership. Leasehold improvements and fittings will be negotiated with the new owner.
About BMW Motorrad
BMW Motorrad is the motorcycle segment of the BMW Group. With fascinating products and personalized services, BMW Motorrad stands for passion, dynamic performance, design, technology and innovation.
With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is the world’s leading manufacturer of high-end automobiles and motorcycles. The company set the course for the future early on and consistently places sustainability and efficient resource management at the heart of its strategic direction, from supply chain to production through the end of the production phase. use of all products. The BMW Group production network includes 31 production and assembly sites in 15 countries; the company has a global sales network in more than 140 countries.
About Motos America
America Motorcycles Inc. (OTC: WECT-D – (pending symbol change to MTAM)) is a European premium motorcycle dealer consolidation company. In November 2021, the company changed its name from “Weconnect Tech International, Inc.” to “Motorcycles America Inc.” When it changed its name, the company adopted a new business model. Motos America buys and operates powersports dealerships, with a focus on European luxury motorcycle brands, including BMW Motorcycles, Triumph Motorcycles and Ducati Motorcycles. The company believes the motorcycle dealership industry is ready to consolidate, similar to what happened in the auto industry. Motos America believes that consolidation in this niche will bring the same benefits of scale associated with automotive dealer group consolidations. Namely, better operating results through professional management, branding and marketing opportunities, and volume purchasing.
For more information please contact:
America Motorcycles Inc.
Jordan Darrow, Investor Relations
This press release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934. These forward-looking statements involve risks and uncertainties, including, but not limited to, statements regarding our business strategy, future earnings, and expected costs and expenses. . These forward-looking statements include, but are not limited to, statements that include the words “expects”, “anticipates”, “intends”, “believes” and similar language. Our actual results may differ materially from those projected in the forward-looking statements. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this report. We undertake no obligation to publicly release any revisions to any forward-looking statements or to reflect events or circumstances after the date of this document. Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from these forward-looking statements.
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THE SOURCE: America Motorcycles Inc.
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