Motos America Announces Award of Open Point Triumph Motorcycle Dealership in Portland Oregon

Rhea-AI Summary

Motos America Inc. (OTC PINK: MTAM) has announced the opening of a new Triumph motorcycle dealership in Columbia River, Oregon, marking its fourth location in the state. This selection underscores Triumph's confidence in Motos America's operational capabilities. The new facility will feature cutting-edge service technology and experienced staff. Financial obligations related to this dealership will be defined soon, but Motos America will not incur blue sky or similar fees. The company anticipates leasing a suitable building and negotiating leasehold improvements.

Positive

• Opening of a new Triumph dealership in Columbia River, Oregon, expanding the company's presence.
• No blue sky fees required for dealership award, potentially lowering initial costs.
• New state-of-the-art facility planned, likely enhancing service offerings.

Negative

• None.

Latest addition to the Company’s dealership network to mark the fourth location in Oregon

SALT LAKE CITY, Utah, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Motos America Inc., (OTC PINK: MTAM) (the “Company”) a luxury European motorcycle dealership consolidation company and lifestyle brand, announced today the official award of an open point Triumph motorcycle dealership to be located in Columbia River, Oregon, on the East side of Portland.

“We are grateful to have been selected by Triumph and we are equally proud of their trust in our operational capabilities to award us this dealership site”, stated Vance Harrison, CEO of the Company, adding, “To further bolster the growth of our dealership network with the addition of our fourth location in Oregon, we believe represents ongoing evidence of the success of our consolidation strategy and our commitment to building long-term shareholder value.”

An open point dealership refers to a new dealership that has been, or will be, opened where such rights for the specific location have been granted to a dealer by a motorcycle manufacturer. Motos America's new state-of-the-art facility in Columbia River will be equipped with all of the latest service technology and staffed by experienced Triumph master technicians, service and sales people.

The financial obligations of the award to the Company will be defined in the coming months; however, the Company will not pay blue sky or other fees to Triumph or any others for this dealership award, but will be obligated to make certain new motorcycle and parts purchases prior to opening the dealership. The Company expects to lease a building to house the new dealership. Leasehold improvements and build-outs will be negotiated with the new landlord.

About Triumph Motorcycles

Triumph Motorcycles is one of the largest manufacturers and suppliers of premium motorcycles in the world. The company manufactures a range of adventure sports and sports touring bikes that feature triple engines, marketing its motorcycles under various brands, such as Thruxton, Bonneville Bobber, and Rocket. The company also provides various accessories, such as handlebars, silencers, alarms, seats, fuel gauge kits and luggage racks. Its products are sold through a network of more than 700 dealers in over 55 countries.

About Motos America

Motos America Inc. (MTAM: OTC PINK) is a premium European motorcycle dealership consolidation company and lifestyle brand. The Company purchases and operates powersports dealerships, with an emphasis on European luxury motorcycle brands, including BMW Motorcycles, Triumph Motorcycles, and Ducati Motorcycles.

For additional information, please contact:

Corporate:
Dale Darling, CMO
(385) 386-6702
dale@motosamerica.com

Investor Relations:
CORE IR
(516) 222-2560
investors@motosamerica.com

This Press Release contains forward-looking statements within the meaning Securities Exchange Act of 1934. Such forward-looking statements involve risks and uncertainties, including, among other things, statements regarding our business strategy, future revenues and anticipated costs and expenses. Such forward-looking statements include, among others, those statements including the words “expects,” “anticipates,” “intends,” “believes” and similar language. Our actual results may differ significantly from those projected in the forward-looking statements. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. We undertake no obligation to publicly release any revisions to the forward-looking statements or 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 such forward-looking statements.

FAQ

What is the significance of Motos America opening a new dealership in Oregon?

The new Triumph dealership in Columbia River, Oregon, signifies Motos America's expansion and the success of their consolidation strategy.

What financial obligations is Motos America facing with the new dealership?

While specific financial obligations will be defined later, Motos America will need to make certain new motorcycle and parts purchases before opening.

How many dealerships does Motos America have in Oregon after this new addition?

With the new location in Columbia River, Motos America now has four dealerships in Oregon.

What advantages does the new dealership offer to Motos America?

The new state-of-the-art facility will be equipped with advanced service technology and staffed by experienced technicians, potentially enhancing customer satisfaction.