GLENPOOL, Okla., July 12, 2010 (GLOBE NEWSWIRE) -- US Highland, Inc. (OTCBB:UHLN), a U.S. based designer and manufacturer of high performance, premium quality Motocross, Supermoto, Quad and Enduro motorcycles, announced that on Saturday night, three members of its executive management team perished in a fatal plane crash.
The members included 41-year old President Mats Malmberg, 51-year old Chief Operating Officer Chase Bales and 37-year old Chief Financial Officer Damian Riddoch. The three were returning from a business trip to Detroit, when they had asked to make an emergency landing at Tulsa International Airport, but went down instead in a wooded area of a city park northwest of the airport, killing all three aboard.
"This is a human tragedy beyond imagination. Our hearts and prayers go out to their families. No words can describe the loss the families are experiencing. It was an honor to work with these three men and I know they would want us to continue to build US Highland into a leading U.S. powersports company. They were all true visionaries and will be deeply missed," commented Dr. Steven A. Moell, Chief Executive Officer of US Highland, Inc.
Bengt Andersson, Chairman of US Highland added: "I know everyone including myself at US Highland will sincerely miss Mats, Chase and Damian. I always had a strong respect for their work ethic and strong level of integrity. My deepest condolences go out to their families."
Mr. Malmberg is survived by his wife and three children, Mr. Bales is survived by his wife and two children and Mr. Riddoch is survived by his wife and four children.
About US Highland, Inc.
US Highland, Inc., is a U.S. based designer and manufacturer of high performance, premium quality Motocross, Supermoto, Quad and Enduro motorcycles. The Company is also a leading development and engineering partner for leading OEM's around the world. For additional information concerning US Highland Inc., visit www.ushighland.com.
Forward-looking Statement:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events of future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluation of such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set forth in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.