Merchantville, NJ (PRWEB) June 19, 2008
Power Sports Factory, Inc. announces that as of June 10th, 2008, the Company's parent company name has changed from Purchase Point Media Corporation (OTCBB:PPMC) to Power Sports Factory, Inc. (OTCBB:PSPF). In addition, the company has affected a reverse split of 1 for 20 of its common shares.
According to the Company's CEO, Steven Kempenich, "Over the past 12 months, the Company has worked to provide its shareholders a public vehicle to value its shares. Today, we have successfully completed that process and we are proud to say that we are one of the few public companies in the motorbikes industry."
Power Sports Factory is the only company with motorbikes endorsed by racing legend Mario Andretti. The Andretti line combines top performance, competitive pricing and cutting-edge European design from Benelli. Benelli is the designer of some of the best motorcycles and motorbikes in the world. The Andretti/Benelli line is also known for its high-quality construction and superior styling making it the smart choice for consumers. With today's high price of fuel, motorbikes are a smart alternative for people looking for superb gas mileage.
About Power Sports Factory, Inc.:
New Jersey based Power Sports Factory, Inc., is wholly-owned by Power Sports Factory, Inc. (OTCBB:PSPF), a Minnesota corporation. Power Sports Factory imports, markets and distributes motorbikes principally under the "Andretti" and "Yamati" brands. Additional information is available on the Power Sports Factory website at http://www.powersportsfactory.com and http://www.sec.gov
Statements in this NEWS UPDATE other than historical facts are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, Section 21 E, of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intents that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.
Power Sports Factory, Inc.
info @ powersportsfactory.com