SAN CLEMENTE, Calif., Oct. 14, 2005 (PRIMEZONE) -- Patriot Motorcycle Corporation (Pink Sheets:PMCY), exclusive worldwide distributor of the Yamoto by Patriot(TM) line of Dirt Bike motorcycles and All Terrain Vehicles (ATVs), and a line of domestic V-Twin custom street bikes, today affirmed its stated mission: "To be the first to build brand identity, market, sell and service a high-quality Chinese-manufactured line of off-road motorcycles, ATVs, watercraft and other motorized products with the purpose of bringing affordable family fun to the world."
"The management and legal counsel of Patriot are reviewing the allegations raised in the complaint filed against us on October 12 and we will respond in a timely matter," remarked David M. Gernak, CFO of Patriot Motorcycle Corporation.
"While we understand Yamaha Motor Corporation's desire and effort to protect its brand ... we also strive to aggressively protect our brands," states Michel Attias, CEO of Patriot Motorcycle Corporation. "And we obviously disagree with their assertions."
About Patriot Motorcycle Corporation
Patriot Motorcycle Corporation (PMCY) is the exclusive distributor of the Yamoto line of Dirt Bike motorcycles and All Terrain Vehicles (ATVs) manufactured in China. The company and its management are firmly committed to building the Yamoto by Patriot(TM) brand, to building a significant and substantial Domestic and International dealer organization and to distributing the finest products that consistently out-price the competition (by as much as 50%). Patriot is also the first and only company to offer a Five Year Guarantee based on after-sale use of its co-branded zMAX(r) Micro-Lubricant. Yamoto by Patriot(TM) - "Poised to become the first great Chinese-manufactured brand."
Patriot Motorcycle Corporation also has a line of domestic V-Twin custom street bikes branded under the name Steed by Patriot(TM). Additional Patriot-branded products and accessories are also being evaluated. For more information visit www.patriotmotorcycles.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 Motorcycle 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.