Amerityre Announces International OEM Sales
December 08 2009 - 1:30PM
PR Newswire (US)
BOULDER CITY, Nev., Dec. 8 /PRNewswire-FirstCall/ -- Amerityre
Corporation (NASDAQ:AMTY), a leading manufacturer of polyurethane
flat proof tires, today announced that it has secured sales to a
major OEM manufacturer of track systems for Utility Terrain
Vehicles through Amerityre's licensed Canadian distributor, Flat
Free Tires Inc. The track system is the latest technology for use
in the four wheel utility market. The Amerityre product is used in
the track system to improve reliability and provide maximum shock
absorption for improved ride quality. The new track product was
successfully tested earlier this past year and is now in
production. The company's original sales forecast has doubled twice
due to the greater than expected market acceptance of the new track
system. The company anticipates the annual usage for this track
system will grow to 100,000 tires annually over the next couple of
years. The company also stated they will be applying this new
system to other recreational vehicle products later next year which
may further increase their annual usage. As announced in its 2009
Annual Shareholders' Meeting, Amerityre intends to continue to
increase its international sales of its polyurethane foam tire
products. "As part of our 2010 sales and marketing plan, we are
determined to aggressively seek international sales opportunities
and make every effort to increase our presence internationally",
said Mike Kapral. "The sales in Canada represent the first of many
opportunities that we anticipate will result from our marketing
efforts." About Amerityre Corporation Since 1995, Amerityre
(NASDAQ:AMTY) has pioneered the use of polyethylene material in the
manufacture of flat proof tires in bicycles, mobility, industrial,
lawn and garden and recreational tires. In 2003 we began
development of our polyurethane Elastothane(TM) elastomer
technology. This technology would allow us to ultimately develop a
comprehensive line of tires and tire products based on polyurethane
instead of rubber. These products include tire fill, solid tires,
composite tires and pneumatic passenger vehicle tires. For more
information on Amerityre, visit its website at
http://www.amerityre.com/ This release may contain statements that
are forward-looking. Such statements, including those related to
the prospects for and/or the benefits of Amerityre's technology,
materials, license and/or development agreements are made based
upon current expectations that are subject to risks and
uncertainties. Such risks and uncertainties include the factors
discussed in our Annual Report on Form 10-K for the year ended June
30, 2009, as well as Forms 10-Q and other filings with the
Securities and Exchange Commission. Specifically, sales estimates
for the track system may not be met if market acceptance is less
than anticipated. Amerityre does not undertake to update
forward-looking statements in this news release to reflect actual
results of and changes in assumptions or changes in other factors
affecting such forward-looking information. CONTACT: Mike Kapral of
Amerityre Corporation, +1-702-293-1930, ext. 123 DATASOURCE:
Amerityre Corporation CONTACT: Mike Kapral of Amerityre
Corporation, +1-702-293-1930, ext. 123 Web Site:
http://www.amerityre.com/
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