Midwestern Retail to Feature Massimo UTV and ATV Products
Online and In-Store
GARLAND,
Texas, April 30, 2024 /PRNewswire/ -- Massimo
Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and
distributor of powersports vehicles and pontoon boats, today
announced it has entered into an ongoing agreement with Fleet Farm,
a retailer serving active, outdoor, suburban and farm communities
in the Midwest U.S., for its UTV, ATV, and youth series product
lines to be sold in stores.
With more than 65 years in business, Fleet Farm has become the
Midwest's most trusted name in retail, with 49 locations across
Iowa, Minnesota, North
Dakota, South Dakota, and
Wisconsin. Plus, fleetfarm.com
brings customers Fleet Farm's extensive product assortment and
more. The company's corporate office is in Appleton, Wisconsin, and its distribution
center is in Chippewa Falls,
Wisconsin.
Six Massimo products will be available in Fleet Farm stores and
featured on the retailer's online marketplace, including the T-BOSS
560 Sport UTV, Buck 250 UTV, MSA 210 ATV, MSA 450F ATV, Mini Bike
200S, and Mini 125 Go Kart.
"This partnership reflects Massimo's continued expansion of our
distribution network with major retailers," said David Shan, Founder, Chairman & CEO of
Massimo. "Driven by increased participation in outdoor activities
and higher utilization of utility vehicles in ranch and farm-work,
demand for UTVs and ATVs in the U.S. is robust. Massimo is well
positioned for continued market penetration in this high-growth
category with our full suite of consumer motor products."
Featuring solid ABS half doors, tilting full windshield, and a
hard top roof, Massimo's UTVs are fit for a broad range of
applications, including ranching/farming and recreational/power
sports. The T-BOSS 560 is the Sport UTV blurring the lines
between work and play, featuring mid-frame rock sliders, front and
rear a-arm guards, and a 493cc 33HP engine paired with an in-cabin
selectable 4WD shaft-driven powertrain with 1200lb towing capacity
and 3000lb front-mounted winch. Compact and agile, the Buck
250 sets the bar for entry-level UTVs with a standard full
lighting kit that includes headlights, taillights, and front and
rear turn signals, a 6.5 cubic foot dumping cargo bed that folds
out to a flatbed configuration, and a 12HP fuel-injected engine and
772lb dry weight.
Massimo's single-cylinder, 4-stroke ATVs are cost-competitive
and feature rich. The MSA 210 is Massimo's compact and agile
ATV designed to conquer tough terrain with ease. With 11 horsepower
and a top speed of 30mph, it offers forward, neutral, and reverse
gears, 8 inches of ground clearance and 22-inch tires, and a load
capacity of up to 240lbs. Massimo's MSA 450F is a powerful ATV
with added utility and features that include a 3000lb winch, alloy
wheels, passenger back rest, With 25 horsepower and a top speed of
42mph, this middle-weight ATV offers high and low forward gears,
neutral, and reverse, along with selectable 4WD. Boasting 11 inches
of ground clearance and 25-inch tires, the MSA 450F tackles any
challenge while carrying a load of up to 350lbs and towing up to
800lbs.
In Massimo's youth series, the MB 200 features classic
styling and a time-proven design, with a single cylinder 6.5HP
engine that carries riders up to 24mph and a low 24-inch seat
height keeps it compact and manageable for riders up to 200lb. A
faux gas tank provides enclosed storage for your trail necessities,
and super wide 19in knobby tires provide grip on difficult terrain.
The compact Mini 125 Go Kart features a 9HP 4-stroke single
cylinder 125CC engine, 3 speed transmission, 4 corner coilover
suspension, rugged steel wheels, padded water-resistant seats,
headlights, taillights, and turn signals. With classic Military
styling, the Massimo Mini 125 is well-equipped for light trail
riding or simply cruising around the neighborhood.
About Fleet Farm
Fleet Farm has served hardworking Midwestern families since
1955, offering a unique mix of high-quality, value-priced
merchandise and services for active, outdoor, suburban and farm
communities. Customers can find fishing, hunting and outdoor
products, auto parts, farm and pet supplies, home improvement and
household goods, clothing and footwear, toys, and food, plus
services like gas, car wash and auto repair. Fleet Farm has 49
stores located across the Midwest. The company's headquarters is in
Appleton, Wisconsin. For more
information, visit fleetfarm.com.
About Massimo Group
Massimo Group (NASDAQ: MAMO) is a manufacturer and distributor
of powersports vehicles and pontoon boats. Founded in 2009, Massimo
Motor believes it offers some of the most value packed UTV's,
off-road, and on-road vehicles in the industry. The company's
product lines include a wide selection of farm and ranch tested
utility UTVs, recreational ATVs, and Americana style mini-bikes.
Massimo Marine manufacturers and
sells Pontoon and Tritoon boats with a dedication to innovative
design, quality craftsmanship, and great customer service. Massimo
is also developing electric versions of UTVs, golf-carts and
pontoon boats. The company's 286,000 square foot factory is in the
heart of the Dallas / Fort Worth
area of Texas in the city of
Garland.
For more information, visit massimomotor.com,
massimomarine.com, and massimoelectric.com.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the initial
public offering and the use of proceeds thereof. In some cases, you
can identify forward-looking statements because they contain words
such as "anticipate," "believe," "estimate," "expect," "intend,"
"may," "predict," "project," "target," "potential," "seek," "will,"
"would," "could," "should," "continue," "contemplate," "plan," and
other words and terms of similar meaning. These forward-looking
statements include information concerning statements regarding
future cash needs, future operations, business plans and future
financial results; and any other statements that are not historical
facts. No assurance can be given that the proceeds of the offering
will be used as indicated. Forward-looking statements are subject
to numerous conditions, many of which are beyond the control of
Massimo, including those set forth in the "Risk Factors" section of
Massimo's Registration Statement on Form S-1 for the initial public
offering filed with the SEC. Copies are available on the SEC's
website, www.sec.gov. Massimo undertakes no obligation to update
these statements for revisions or changes after the date of this
release, except as required by law.
Company
Dr. Yunhao Chen
Chief Financial Officer
Massimo Group
ir@massimomotor.com
Investor
Relations
Chris Tyson
Executive Vice President
MZ North America
Direct: 949-491-8235
MAMO@mzgroup.us
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SOURCE Massimo Group