SAN CLEMENTE, Calif., Aug. 10, 2006 (PRIMEZONE) -- Patriot Motor Corporation (Pink Sheets:PMCY), parent company of Patriot Motorcycle Corporation, today announced a multi-faceted strategic partnership established with Nations Racing, LLC, that includes a ground-breaking marketing program designed to drive both the goal of promoting greater minority participation in professional NASCAR auto racing and the organization's focus on emerging Native American Indian educational and career development programs.
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A key element in the new alliance is a unique promotional and fund raising opportunity created by Nations Racing, LLC, presenting organizationally branded Patriot Custom V-twin motorcycles to the burgeoning Native American Indian gaming casino industry for purchase as high-profile giveaways.
The National Indian Gaming Commission reports that today there are over 400 tribal casinos spread nationwide that generated 2005 revenues of more than $22.6 billion -- up 16 percent from the previous year and 315 percent from 1995.
Annually, Native American Indian gaming casinos also purchase thousands of motor vehicles and recreational products as giveaways.
As currently structured, profits from the on-going sales of organizationally branded Nations Racing Patriot Custom V-twin motorcycles will now be a key factor in generating direct funding for a myriad of important self-help programs that support Native American Indian growth and goals, and in turn, tribal casinos will have the opportunity to further support Native American educational and training programs via purchases of Patriot Custom V-twin motorcycles through Nations Racing.
Other key elements in the strategic alliance include extensive coverage on the nationally syndicated "Steel Dreams" weekly television program -- with paid commercial placements as part of the promotional efforts by Nations Racing. Steel Dreams is owned and produced by Patriot Productions, a wholly owned division of Patriot Motor Corporation.
"Our partnership with Patriot Motor Corporation and Steel Dreams TV provides a tremendous platform for our marketing, education, training and NASCAR racing programs," states Fields Jackson, Jr., Nations Racing Board Member and VP of Marketing and Sponsorship. "It is a ground-breaking win-win alliance that allows Native American Indian casinos to support key programs and their communities by simply continuing to purchase giveaways as they have effectively done for more than a decade."
"This alliance with Nations Racing is one of those rare opportunities for a diverse company such as ours to effectively utilize all of our divisions... Patriot Motorcycles, Patriot Marine and Patriot Productions... and to both do something positive for the Native American Indian community while still benefiting substantially through this unique strategic partnership," states Mark Green, Chief Brand Officer for Patriot Motor Corporation.
About Patriot Motor Corporation
Patriot Motor Corporation (PMCY) is the parent company of Patriot Motorcycle Corporation -- exclusive distributor of the Patriot OffRoad(TM) line of Dirt Bike motorcycles and All-Terrain Vehicles (ATVs) and a line of domestic V-Twin custom and production street bikes branded under the names Steed(R) by Patriot(TM) 300 Series and Patriot(TM) V-Twin Musclebikes(TM) 200 Series.
Other divisions include Patriot Marine Industries -- performance watercraft design and engineering -- and Patriot Productions, which produces the nationally syndicated weekly television show "Steel Dreams," currently reaching 75 million households. The company and its management are firmly committed to building the Patriot(TM) brand, to building a significant and substantial domestic and international dealer organization and to distributing the finest products that consistently challenge and/or out-price competitors by as much as 50%. Additional Patriot branded products and accessories are also being continually evaluated and offered. For more information visit www.patriotmotorcorp.com and www.steeldreams.tv .
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About Nations Racing LLC
Nations Racing(TM) LLC is the parent company of the Nations Racing Program and Nations Motor Sports. Headquartered in Dallas/Fort Worth, with satellite offices in Raleigh, North Carolina and Tulsa, Oklahoma, Nations Racing LLC is a full service marketing and educational management company formed to market auto racing sponsorships and to create initiatives promoting diversified participation and educational opportunities for under represented minorities. As a result, sponsors and minority participants alike -- as well as the entire spectrum of auto racing industry itself -- mutually experience new opportunities, reaching and developing critical new markets and gaining legions of new consumers in the process.
Nations Racing LLC management understands both the wealth of buying power in today's minority markets and the rapidly growing demand for diversity in the auto racing industry. Company management is also well versed and experienced in the use of celebrity endorsements. Nations Racing LLC marketing strategies bring these elements together to provide a unified platform that, in turn, increases visibility through sponsorships, that promotes educational development and career opportunities in the racing and automotive industries and establishes an aura of sophistication and exponential growth for all participants at all levels.
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Additional marketing and promotional services are also being continually developed and made available. For more information visit www.nationsracing.com .
Note: Statements contained in this release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1934, as amended. These forward-looking statements are made based upon information available as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements involve risk and uncertainties and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include, but are no limited to, demand for the company's products and services, Patriot Motor Corporation's (PMCY) ability to continue to develop its market, general economic conditions and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.
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