SALT LAKE CITY, UT/ ACCESS CABLE / July 15, 2022 / America Motorcycles Inc. (OTC PINK:WECT-D) (the “Company”), a publicly traded company motorcycle dealership group, today announced the official award of a BMW open point motorcycle dealership will be located in Roswell, GA, a suburb of Atlanta. Motos America’s selection for this open-point dealership was confirmed following a meeting last week at BMW’s home market of Germany between Motos America CEO Vance Harrison and President Kris Odwarka with top BMW executives.
The new dealership will be located in a prime location in Roswell, Georgia. Motos America’s BWM dealership in Roswell will offer a complete line of new and used BMWs motorcyclesparts, accessories, apparel, and service capabilities in a new, fully dedicated facility.
“As a true lifestyle company focused on luxury brand motorcycle dealership operations and riding experiences, we couldn’t think of a better opportunity than to create from scratch a new point-of-sale BMW dealership in Roswell, Georgia that has convenient access to the major metro Atlanta area and several surrounding suburbs,” said harrison, General Director of Motorcycles America. “BMW is one of the most exciting motorcycle brands in the world. Demand is growing rapidly with more than 194,000 units sold worldwide in 2021, an increase of nearly 15% from the previous year. With gas prices nearly doubling year over year and strong secular trends for remote lifestyles, we expect increased interest in motorcycles in general and for premium brands such as BMW. We are grateful to have been selected by BMW and for the trust they have placed in our operational capabilities by awarding us this distribution 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 where such rights for the specific location were granted to a dealer by a motorcycle manufacturer. The new latest generation engine of Motos AmericaArt The Roswell facility will be equipped with the latest service technology and staffed by expert technicians, service and sales personnel from BMW. A room equipped with TVWi-Fi, comfortable seating and reading material will offer a place for customers and riders to share their enthusiasm for the open road.
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 BMW or anyone else for this dealer 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 concessionaire. The improvements and construction of leased premises will be negotiated with the new lessor.
About BMW Motorrad
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BMW Motorrad is the motorcycle business segment of the BMW Group. With exciting 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 automobiles and motorcycles. The company set the course for the future at an early stage and consistently makes sustainability and efficient resource management central to its strategic direction, from the supply chain to the end-of-use phase of all products, going through production. The BMW Group production network comprises 31 production and assembly facilities in 15 countries; the company has a global sales network in more than 140 countries.
About Motos America
Motorcycles America 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 motorsports dealerships, with an emphasis on European luxury motorcycle brands, including BMW Motorcycles, Triumph Motorcycles and Ducati Motorcycles. The company believes the motorcycle dealer industry is poised for consolidation, similar to what has occurred in the auto industry. Motos America believes that consolidation in this niche will generate the same scale advantages associated with auto dealer group consolidations. That is, better operating results driven by professional management, branding and marketing opportunities, and purchasing volume.
For more information, contact:
America Motorcycles Inc.
Jordan Darrow, Investor Relations
East Press release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934. Such forward-looking statements involve risks and uncertainties, including, among other things, statements about our business strategy, future earnings and anticipated costs and expenses. Such forward-looking statements include, but are not limited to, those 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 any forward-looking statements, which speak only as of the date of this report. We undertake no obligation to publish 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 such forward-looking statements.
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