“As we close out another year navigating global challenges, we are grateful for the significant growth achieved by our dedicated management team and expanding dealership network. Last year at this time, we began to prove the thesis that motorcycle dealership consolidation would result in the same benefits of scale realized in similar automotive dealer consolidations. We believed that we would see better-operating results driven by professional management, branding and marketing opportunities, and volume purchasing. With 8 dealerships now acquired,
2022 Highlights
In the first quarter of 2022, the Company completed its initial capital raise through 29 private investors to launch its consolidation strategy, commencing with the acquisition of
In January, the Company announced the appointment of
In January, the Company announced the appointment of
In April, the Company announced the signing of a Letter of Intent to acquire three
In July, the Company announced the official award of an open-point BMW motorcycle dealership to be located in
Additionally, on
In August the Company announced the appointment of
2023 Outlook
The Company intends to continue its financing initiatives with an Additional offering of its securities through its placement agent
The Company will continue to execute its consolidation strategy with additional acquisition targets currently in various stages of negotiation. The Company expects its dealership network to continue to grow significantly in 2023.
“I would like to express my deep appreciation for all our valued stockholders. We remain diligent in our pursuit of growth in 2023 as we navigate toward our mission of creating a national premium European motorcycle dealership and lifestyle brand. Best of luck to all in the New Year. Go Motos,”
About
Forward Looking Statement
This Press Release contains forward-looking statements within the meaning Securities Exchange Act of 1934. Such forward-looking statements involve risks and uncertainties, including, among other things, statements regarding our business strategy, future revenues and anticipated costs and expenses. Such forward-looking statements include, among others, those statements including the words “expects,” “anticipates,” “intends,” “believes” and similar language. Our actual results may differ significantly from those projected in the forward-looking statements. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. We undertake no obligation to publicly release any revisions to the forward-looking statements or reflect events or circumstances after the date of this document. Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements.
For additional information, please contact:
Corporate:
(385) 386-6702
dale@motosamerica.com
Investor Relations:
CORE IR
516 222 2560
investors@motosamerica.com
Source:
2023 GlobeNewswire, Inc., source