Press Release –

The following product safety recall was voluntarily conducted by the firm in cooperation with the CPSC.  Consumers should stop using the product immediately unless otherwise instructed.
 
Name of Product: 2006-2008 Model Year MXU 500 All Terrain Vehicles

Units: 1,350

Importer: KYMCO USA, of Spartanburg, S.C.

Hazard: The pivot bolts holding the rear suspension onto the frame can become loose, causing the rear swing arm to detach from the chassis posing a risk of injury or death to the operator. 

Incidents/Injuries:  KYMCO has received six reports of incidents, including two reports of minor injuries.   

Description:  This recall involves all model year 2006-2008 MXU 500 ATVs.  The vehicle is identified by a label on the front as KYMCO and the model is determined by a label located on each side of the fuel tank as MXU 500.

Sold by: KYMCO dealers nationwide from November 2006 through December 2007 for between $6,000 to $6,500.

Manufactured in: Taiwan

Remedy:  Consumers should immediately stop using the recalled ATVs and contact an authorized KYMCO dealer in their area to schedule a free repair.  Registered owners were sent direct mail notification of this recall.

Consumer Contact:  For additional information, consumers can contact KYMCO USA at 888-235-3417 anytime, or visit the firm’s web site at KymcoUSA.com.

Press Release –

Fox Factory, Inc. (D/B/A FOX Racing Shox) announced today that on January 4, 2008 it consummated a transaction in which Compass Diversified Holdings (“CODI”) purchased a majority interest in FOX.

Commenting on the transaction, company founder Bob Fox, who will remain Chief Executive Officer, said “For over thirty years Fox Racing Shox has been devoted to fulfilling the performance needs of our customers. Over the last several years FOX has experienced unprecedented growth, and we now look forward to being partnered with Compass for the next chapter in our Company’s history. Being a successful, healthy company, FOX had the luxury of being able to carefully search out and select the best partner for this transition. The financial strength and resources Compass provides will enable FOX to continue our strong growth and leadership in all of our markets. Importantly, the Compass vision provides a transition that will be seamless and virtually invisible to all concerned – including customers, vendors, and employees.”

Bob Fox will retain significant ownership in FOX – an ownership now shared with other senior managers. “It’s been a wonderful and exhilarating ride to see the company I started in my friend’s garage grow to sales of over $100-million. I am proud of what we’ve done so far and know FOX will be a stronger company going forward than I alone had the resources to provide for,” he stated. Joe Massoud, CODI’s Chief Executive Officer, commented “FOX is a strong addition to CODI. This company possesses the critical characteristics we look for in all of our businesses, including market leadership and proven management. Bob Fox and the Company’s senior management team have driven growth by providing innovative suspension products for over three decades and we look forward to working with them to continue and accelerate this growth.”

On a personal note, Bob Fox added: “I particularly look forward to the freedom this will provide me to again devote much of my time and energy doing the things – design, engineering, and innovation – that I love the most. A rich backlog of exciting, innovative concepts have been building up over the last few years, and I can hardly wait to start working on them with our engineering team.”

Since 1974 FOX Racing Shox has designed and manufactured the finest suspension products for Motorcycles, Mountain Bikes, ATV’s, Snowmobiles and Off-Road racing vehicles. World Headquarters are in Santa Cruz County, CA with its Off-Road Division in Santee, CA. FOX Racing Shox distributes its products in more than 40 countries.

**ANNOUNCEMENT**

With the expiry of its membership magazine contract on May 31, 2008, the Ontario Federation of Snowmobile Clubs (OFSC) invited publishers to submit propositions through a detailed request for proposal process.

A number of proposals were submitted and reviewed by the OFSC with a focus on meeting current and future needs.

Supertrax Publishing’s proposal has been successfully chosen to serve as the official member magazine for the Ontario Federation of Snowmobile Clubs (OFSC) commencing with the 2008-2009 snowmobile season.

The proposed partnership opportunities including the exclusive for Ontario “GO Snowmobiling” theme based publication will be beneficial to snowmobilers in Ontario.

Executive Director, Paul Shaughnessy says, “I’m pleased to advise that the OFSC Board of Governors has authorized OFSC representatives to enter into contract negotiations with Supertrax Publishing Inc. to develop an agreement with the intent of launching our inaugural publication in September 2008.”

Shaughnessy goes on to say, “The OFSC is extremely excited about these opportunities and we look forward to a long and lasting partnership.”

Press Release –

PIAA Corporation, a leader in Powersports lighting and accessories, is supporting its sponsorship of the upcoming the World Off-Road Championship Racing Series PIAA 8-Hour UTV/ATV Endurance Race with an extensive contingency awards program, announced PIAA Powersports Business Unit Manager Gordon Robertson.

PIAA’s contingency awards will be an inspiration to all competitors: Overall finishers will be awarded $1000 for first, $500 for second, $250 for third.

In addition, each class winner will receive $250. To be eligible, vehicles must use PIAA HID or halogen lamps and run PIAA decals.

The race will be held on Saturday, January 12, 2008, at Speedworld Raceway in Surprise, Ariz., and will feature racing for a variety of UTV and ATV classes.

For entry and class information, plus rules and regulations, visit www.worcsracing.com or call 435-635-1597.

For details on all PIAA UTV and ATV lighting products, visit www.piaapowersports.com .

The PIAA 8-Hour UTV/ATV Endurance Race features non-stop racing for eight hours around a 5-mile loop that starts on the Speedworld motocross circuit then heads out into the Arizona desert.

There will be separate overall winners for both divisions, UTV and ATV.

For UTVs, racing classes include Unlimited, Modified, Stock, and Ironman/woman; for ATVs, classes will be Pro A, B, and C; Women’s Pro A and B; Veterans 30+; Masters 40+; and Ironman/Woman.

Press Release –

May 17-18: South Fork Dirt Riders – Taylorville, IL
June 14-15: Oak Hill Raceway – Alvord, TX
June 28-29: Virginia Motorsports Park – Petersburg, VA
July 12-13: Quadna Mtn. Park – Hill City, MN
July 19-20: South Eastern, US
August 2-3: Wild Cat Creek MX – Rossville, IN
August 16-17: North Eastern, US
August 23-24: Field of Dreams – Boswell, PA

The WPSA PowerSports ATV Championship Tour is North America’s fastest growing ATV racing series, featuring televised SuperQuad Pro 450 MX, and QuadTerrain Pro Stock racing action along with 25 classes of WPSA Amateur Championship ATV racing that the whole family can enjoy.

The Tour showcases America’s premier forms of ATV racing: QuadMX with big air jumps and technical gyrations and QuadTerrain with its dirt-slinging through mud, rocks, logs and more. You have to see it all to believe it.

The PowerSports ATV Championship Tour is sanctioned by the World PowerSports Association (WPSA), North America’s most watched and respected ATV and snowmobile racing promoter on both the regional and national level since 1998.

For more information, please visit powersportstour.com