LAFAYETTE, Ind., Dec. 21, 2010 (GLOBE NEWSWIRE) -- Ultimate Sports, Inc. (Pink Sheets:USPS - News), a manufacturer and supplier to the recreational vehicle industry, issued an additional update today on the company's status.
Ultimate Sports has shown an over 10% increase in revenue over last year. The company also looks forward to adding a new ski to its product line next year, and to initiating the new Thruster project. USI is actively pursuing funding material for the new product. Assuming funding, an incremental revenue increase of $400,000 to $500,000 is expected. The Thruster would be a snowmobile market changing product. Faster times in races, positive turn control, and increased speeds are a result of this innovative add-on.
Kevin Metheny, President of Ultimate Sports, states, "We are looking forward to launching the Thruster for the 2011 season, and are confident that the incremental sales will more than double our bottom line."
About Ultimate Sports, Inc.:
Ultimate Sports specializes in every item, large and small, that snowmobilers need in order to enjoy the sport and improve their performance--especially snowmobile skis of all types. We have an extensive inventory of carbide studs, mount kits, wear bars, suspension parts, snow flaps, alignment bars, and so much more. Visit www.usi-skis.com for more information.
Forward-Looking Statements: This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.
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