LAFAYETTE, Ind., May 5, 2010 (GLOBE NEWSWIRE) -- Ultimate Sports, Inc. (Pink Sheets:USPS), a manufacturer and supplier to the recreational vehicle industry, today announced the company is preparing to acquire Extreme Fitness Inc. to expand its growth in the sporting goods industry.
"We are in the final stages of negotiating an acquisition of Extreme Fitness Inc. Extreme Fitness has an 18 year history of manufacturing high quality exercise and fitness equipment and is on the cusp of opening a nationwide sales channel," stated Ultimate Sports President, Kevin Metheny. "Upon completing this acquisition, we will assist Extreme Fitness in capitalizing on their upcoming distribution opportunities while leveraging their existing sales base. The company plans to announce two new products in 2010 that target this $66 billion dollar industry."
Extreme Fitness enjoys a stable and expanding customer base which includes the United States Air Force Academy, United States Olympic Training Centers in Colorado Springs, Colorado, Lake Placid, New York, San Diego, California, and Salt Lake City, Utah, as well as numerous gyms, schools, colleges, universities, fire departments, police forces, correctional facilities and military centers.
Ultimate Sports intends to announce the completed Letter of Intent next week.
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.
About Extreme Fitness Inc.: Extreme Fitness manufactures a wide array of cardiovascular, exercise and strength training equipment for both professional facilities and personal home use. Products range from exercise machines to plates, dumbbells, barbells and attachments. The company's customers include the United States Military, gyms, schools, colleges, universities, fire departments, police forces, correctional facilities, fitness companies and fitness centers, recreation centers and outdoor sports facilities. It serves the United States Olympic training centers in Colorado Springs, Colorado, Lake Placid, New York, San Diego, California, and Salt Lake City, Utah.
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.