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ULTIMATE SPORTS, INC. Announces Listing on NIPHIX ATS
Lafayette, Indiana, December 21, 2003 -Ultimate Sports, Inc., (NIPHIX: USISP) today announced the listing of the common stock of Ultimate Sports, Inc., on the NIPHIX ATS for secondary trading. USI founded in 1988 is a manufacturer and distributor of high quality Snowmobile Skis and collateral equipment, such as wear-bars, shaper plates, etc.
Lafayette, Indiana (PRWEB) December 20, 2003 --Ultimate Sports, Inc., (NIPHIX: USISP) today announced the listing of the common stock of Ultimate Sports, Inc., on the NIPHIX ATS for secondary trading. USI founded in 1988 is a manufacturer and distributor of high quality Snowmobile Skis and collateral equipment, such as wear-bars, shaper plates, etc.
Kevin Metheny, CEO, and company founder has dedicated himself to the development of the highest quality and performance Skis for both professional and recreational Snowmobilers. USI Skis have been proven time and again that they offer the ultimate ride and safety and is considered by most professionals as the -best- of-the-best" in quality ,performance and safety. Every USI Ski model developed is put through the most rigorous standards for being race track tested tough". USI maintains Race Track tested film footage as proof that its Snowmobile Skis are the toghest and safest skis made.
The Snowmobiling Industry sales for 2003 , for just the United States and Canada, are projected to be $ 1.1 Billion Dollars, with growth anticipated at 8-12 % per year through this decade according to International Snowmobile Manufacturers Association. USIs Skis and Wearbars are fully protected by patents. With revenues of $ 800,000 in 2001,as a base year, USI is projecting significant increase in 2004 and in 2005. The number of U.S. and Canadian Snowmobiles registered exceed 2.4 Million and the market is growing at accelerated rates.
Kevin Metheny , CEO, of Ultimate Sports,Inc. said, We have taken these steps to gain access to capital markets for USI at this time because: ---The market conditions are much more favorable for new offerings--- All of the necessary infrastructure components have put in place [management, marketing , product development, etc... to insure expotential growth in 2004 and beyond.
Kevin went on to say , We anticipate capturing a significant percentage of the Snowmobiling Industry revenues going after both the high end professional Snowmobilers and the ever growing recreational end users. There many other exciting avenues of opportunities for us and as we enter them we will keep the market appraised."
About NIPHIX Investments
NIPHIX is an alternative trading system for institutional and individual investors. The NIPHIX Trading System is a fully automated trade execution system that matches buyers' and sellers' orders. Investors place their own trades and find the best price on the system themselves. The system is available for 24-hour access; however, matching only occurs Monday through Friday, between the hours of 8:00 a.m. and 5:00 p.m. CST. For more information see www.NIPHIX.com or email info@NIPHIX.com. NIPHIX Investments is a member firm of the NASD and SIPC.
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to differ materially from forecasted results. Forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC.
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Contact: Investor Relations: Martin J. Maassen
Investor Relations Phone: (765) 491-1422
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