KANSAS CITY, Mo. , March 27, 2014 /PRNewswire/ -- APT Group, Inc. a manufacturer and distributor of technologically advanced, environmentally friendly utility and power-sports products, today announced a Share Exchange Agreement was signed on March 21, 2014 with Frozen Food Gift Group, Inc. (OTC BB: FROZ).
APT Group, Inc. is a Missouri registered corporation headquartered in Kansas City and is the holding company for the MotoVox® motorsport product line, SmartCarb® patented fuel system, and the Sonic Flow small engine technology lines ( http://www.motovox.com/ , and http://www.powerapt.com/ ).
MotoVox® has become the fastest growing brand of small engine price-point power sport products in the world, with nearly 100,000 power sport products sold to date earning nearly $25 million in less than three years of commerce. In 2011, MotoVox® sold over 15,000 units, at an average price point of $400 per unit, through the major national "big box" and regional retailers. In 2012-13, MotoVox® sales volume nearly tripled and management anticipates continued sales growth and market penetration in both the U.S. and overseas. This year will be a transition year for MotoVox® as management fortifies the Company's already well-established foundation to capture additional market share, expand to international markets and establish the MotoVox® brand as a household name.
In addition to core sales of the MotoVox® product line, the company holds patents for the SmartCarb® fuel system and Sonic Flow small engine technology. The environmentally friendly technology is a real world solution to satisfying a variety of emissions regulations and OEM performance requirements in small engine applications. The technology is the answer to significantly improving fuel economy, lowering emissions, and providing improved performance. The company completed the development of the SmartCarb® Fuel System and has recently entered the aftermarket & now working with OEM's.
The APT management and engineering team brings more than 100 years of experience in finance, legal, marketing, and product development.
The Share Exchange is expected to close, assuming all conditions precedent have been satisfied, on or before April 30, 2014 at which time APT plans to release additional information about current and future APT operations.
Forward-Looking Statements
Some statements made in this press release are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect,'' "future," "intend," "plan," and similar expressions to identify forward-looking statements. These statements including those related to the growth of the industry, and the Company's performance, are only predictions and are subject to certain risks, uncertainties and assumptions. Additional risks are identified and described in the Company's public filings with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.
APT Group, Inc.
Contact: William Maher , SVP
InvRel@motovox.com
SOURCE APT Group, Inc.
Source: PR Newswire (March 27, 2014 - 9:22 AM EDT)
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