Cycle Country Results for May Continue Record Setting Pace

Revenues for May up 43.5% over May '03; Net Income for May Increases over 450% over May '03

Millford, Iowa, UNITED STATES


MILFORD, Iowa, June 16, 2004 (PRIMEZONE) -- Cycle Country Accessories Corp. (AMEX:ATC) continues to grow its business at a record-setting pace by delivering May results consistent with the company's performance during the first eight months of fiscal 2004. Compared to the same period last year, May 2004 revenues increased 43.5% and contributed to over a 450% improvement in net income.

While these results clearly indicate Cycle Country's continued dominance with its ATV accessory and lawn and garden brands, they also exemplify the company's continuing focus to diversify into other product lines. One example of this initiative is the dramatic increase within the company's OEM program where revenues expanded over 200% from May 2003 to May 2004.

"We are striving to grow in all areas of our business," said Mr. Ron Hickman, CEO and President of Cycle Country Accessories, "while we are maintaining our leadership in the ATV accessory market. The results we are seeing are directly related to our ongoing initiatives to increase value for our shareholders through continuous product innovation and providing the highest level of service for our customers."

May's operations continued year-to-date performance that exceeded comparative revenue and net income results. Through eight months of fiscal 2004, revenues increased over 46% and operating expenses declined as a percentage of revenues by 25% compared to the same period last year due to management's continuing cost control efforts. The combination of these factors achieved eight-month net income that was 213% higher, year over year.

"We are pleased with Cycle Country's performance during the current period and are optimistic that the remainder of fiscal 2004 will offer continued opportunities for market expansion," said Mr. Hickman.

About Cycle Country Accessories Corp.

Cycle Country, with over 50% of the worldwide market in several product categories, is the industry leader in the design and manufacturing of custom-fitting accessories for virtually every brand of utility all-terrain vehicles (ATV's).

To view company information, updates, the latest SEC filings or past news releases, go to the company's website at: (http://www.cyclecountry.com) and click on the Investor Relations heading. Please direct any financial questions to Todd Doom at Magellan Financial Media Group, LLC. (317) 867-2839.

This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of Cycle Country Accessories Corporation, nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

Forward-Looking Statements

This press release and other statements by Cycle Country may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "potential," or future/conditional verbs such as "will," "should," and "could."



        

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