Midwest hub to support Massimo's robust network of partners
and customers in the region
GARLAND,
Texas, Jan. 7, 2025 /PRNewswire/
-- Massimo Group (NASDAQ: MAMO) ("Massimo"), a
manufacturer and distributor of powersports vehicles and pontoon
boats, today announces the establishment of its sixth distribution
center, located in Edwardsville,
Illinois. This strategic addition is expected to further
strengthen Massimo Motor's logistics network, enhancing its ability
to efficiently serve partners and customers across the United States.
The new Edwardsville
distribution center is designed with modern logistics operations in
mind. Massimo anticipates that it will serve as a key hub in the
Midwest, supporting Massimo's robust network of partners and
customers in the region. This new facility is expected to create
significant logistical efficiencies, including reducing fulfillment
times and optimizing expenses for both the company and its
partners.
With the addition of this Illinois facility, Massimo Group's nationwide
distribution network now includes six strategically located
centers: Edison, New Jersey;
City of Industry, California;
Port Wentworth, Georgia;
Houston, Texas; Garland, Texas; and Edwardsville, Illinois. This robust network
will assist Massimo in delivering products faster and more
efficiently, meeting the growing demand for its highly sought-after
powersports and utility vehicles.
David Shan, CEO of Massimo
Group, stated:
"The addition of our Edwardsville distribution center represents
another key milestone in our mission to enhance service for our
partners and customers. We expect this facility to allow us to
support growing demand while maintaining our commitment to timely
and reliable delivery. With six strategically located distribution
centers, we're not only expanding our reach but also reinforcing
our dedication to operational excellence."
This new facility exemplifies Massimo's focus on innovation and
efficiency, key pillars in its growth strategy. By investing in
advanced logistics capabilities, the company believes it is better
positioned to meet the needs of its diverse customer base and
maintain its commitments for operational excellence.
The Edwardsville distribution
center is expected to significantly improve supply chain
efficiency, reduce delivery times, and enhance service levels for
Massimo's valued partners and customers. This investment
underscores the company's commitment to strengthening relationships
with its nationwide network of dealers and retailers, ensuring they
have the support needed to succeed.
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
minibikes. Founded in 2020, Massimo
Marine manufactures and sells Pontoon and Tritoon boats with
a dedication to innovative design, quality craftsmanship, and great
customer service. Massimo Group is also developing electric
versions of UTVs, golf carts and pontoon boats. The company's
376,000-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 and massimomarine.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, market positions, business
plans and future financial results; and any other statements that
are not historical facts. Forward-looking statements may include,
for example, statements about the Company's ability to enhance its
distribution network; reductions to fulfilment times; the future
financial and operational performance of Massimo; Massimo's
financial position, including estimated revenues, losses and
expenses; and plans and objectives of management. 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 Annual Report on Form 10-K for
the year ended December 31, 2023, as
updated by Massimo's subsequent filings, 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
Corporate Communications
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com
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SOURCE Massimo Group