Giant
Motorsports (GMOS)
'With 2004 estimates
of $78 million in revenue, up substantially from 2003, Giant Motorsports
projects it will cross the $100 million revenue threshold in 2005. Profits
were up 166% for the third quarter of 2004'
Press Release: Giant
Motorsports Forms Giant Motorsports Acceptance Group, Inc...(GMOS)
Announced the
formation of its new wholly-owned subsidiary, Giant Motorsports Acceptance
Group, Inc., a finance subsidiary formed to attempt to provide direct financing
to purchasers of the Company's motorcycles and other powersports products.
The Company has
recently announced anticipated 2005 revenues to exceed $100 million.
Based on current
sales levels, it is Management's opinion that loan- related revenues could
attain significant levels. "We are currently outsourcing about $22 million
on an annual basis in financing for our customers," said Mr. Haehn.
"If we execute our strategy effectively we believe we can convert a
significant portion to our in-house captive finance arm."
To view the Full Press Release
please visit
http://biz.yahoo.com/prnews/050209/clw051_1.html
Approximate
Shares Outstanding: 10.4M
Market
Cap: $14.5M
Recent
Price: $1.39
Website:
www.giantcorporate.com
For the Full Profile on
GMOS please visit http://www.smallcapreview.com/gmos.htm
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