ARI Network Services Announces Second Quarter Results
The company also announced that it has entered into definitive agreements with various accredited investors in a private placement of $4.8 million of common stock at a price of $1.50 per share.
Nelson Global Products Acquires Water Works Manufacturing
Founded in December 2003, Water Works is a leading provider of advanced metal forming solutions that have allowed the company to become a major supplier to blue chip customers in the powersports and infrastructure-related industries. Water Works will continue to operate under the leadership of Jim Shear, its current president and CEO, and his experienced management team.
Kuryakyn Acquires MotoCentric
MotoCentric is a motorcycle accessories company best known for its industry leading line of street bike and cruiser luggage. MotoCentric’s base of operations will be relocated from Texas to the Kuryakyn headquarters in Somerset, Wis.
Roger Etcell Joins Bonhams Motorcycle Department
Etcell began his career with an East London motorcycle dealer before joining Honda UK, where he spent 10 years with the company. After leaving Honda, he went on to found his own retail motorcycle business in north London, holding franchises for Honda, Ducati and Triumph before moving into communications, marketing and event management within the motoring and motorsport industries. He most recently served as founder of his own consultancy.
50 Below Upgrades Parts Lookup Solution on Customer Websites
This proven solution is currently used by ARI’s WebsiteSmart customers. Now, powersports dealers using 50 Below’s Customer First website platform will be able to provide their customers with access to the same award-winning parts lookup solution and an expanded library of manufacturer catalogs.
Race Tech Hosts Suspension-Focused Seminars
The seminars will take an in-depth look at all the new trends in suspension and will take place Oct. 6-12.
ARI Acquires Ready2Ride Inc.
ARI will begin marketing these products to approximately 10,000 dealers in fiscal year 2013. Additionally, ARI plans to launch the products to the marine industry during ARI’s fiscal year 2014.
CV Products Hires Powersports Veteran Scott Highland
Powersports and motorsports industry veteran Scott Highland has joined CV Products as the director of marketing and business development for the company’s “Everything Racing” operation. Over the past 20-plus years, Highland has held positions with JE Pistons, Xceldyne Technologies and CV Products. He was most recently the director of off-Road and sportbike markets for the Motorsport Aftermarket Group (MAG), concurrently serving as the general manager of UTV aftermarket supplier DragonFire.
Social Media Newcomers: Instagram and Pinterest
In March 2012, the infamous Mark Zuckerberg, owner of Facebook, purchased an application called Instagram. Before this deal hit the press, I am going to guess that about 10 percent of the U.S. population had any clue of its existence. This is because Instagram literally took the social media world by storm, launching in November
Motorsport Aftermarket Group Acquires Motorcycle Superstore
Motorsport Aftermarket Group, Inc. (MAG) has announced the acquisition of Motorcycle Superstore, Inc. The Oregon-based Motorcycle Superstore, Inc. joins with J&P Cycles to create the MAG retail group. Superstore founder, Don Becklin, assumes the role of president for the new Retail Group, reporting directly to MAG’s Chief Executive Officer, Brian Etter.
Performance Machine Names Kelli Murrow Director of Sales
Performance Machine recently announced that it has promoted Kelli Murrow to director of sales and marketing. She has been with the company for nearly 20 years.
D-air Racing Suit Now Available to U.S.
Dainese presents the D-air Racing Suit, the first of its kind to be sold in the U.S. This high-tech suit operates as a protection device as well as an impressive track day tool.
Viper Powersports Appoints Three New Board Members
Viper Powersports, Inc., recently appointed three new members to its Board of Directors – Grant Lynch, Tim Wellborn, and James Shields – effective December 30, 2011.
NPA Launches Financing Program for Powersports Dealers
National Powersport Auctions (NPA) has unveiled a new dealer financing program designed exclusively for powersport dealers. NPA Dealer Financing was created to empower and assist powersport dealers to develop and expand their pre-owned business, according to the company.
Six Strategies Motorcycle Retailers Can Use to Make the Slow Season Fast
Staying busy during the seasonal slump.
Hearst Corporation Sells Cycle World to Bonnier Corporation
Hearst Corporation has announced the sale of Cycle World to Bonnier Corporation, one of the largest consumer-publishing groups in the U.S. serving passionate, highly engaged audiences. The announcement was made jointly by Terry Snow, CEO of Bonnier Corporation, and David Carey, president of Hearst Magazines. Financial terms were not disclosed.