USPS Ultimate Sports Inc (PK)

Ultimate Sports, Inc. (Pink Sheets:USPS), a manufacturer and supplier to the recreational vehicle industry, today announced the company has completed a Letter of Intent to acquire exercise equipment maker, Extreme Fitness Inc.

Under the terms of the acquisition, Ultimate Sports Inc. will issue 1,000,000 preferred, restricted shares of stock in exchange for 100% ownership of Extreme Fitness. The company anticipates this acquisition will close during the second quarter of this year. Upon completion, all revenues and earnings will immediately impact Ultimate Sport's financials. USI's sales are expected to double as a result of this acquisition.

"Having built a strong foundation in the recreational vehicle sector, our team decided to explore growth opportunities that would complement and expand out existing business model," stated President of Ultimate Sports Inc., Kevin Metheny. "Our search led us to Extreme Sports Inc., where we were immediately attracted to their established business practice, large well known clientele and most importantly, the company's future prospects." 

Mr. Metheny continued, "Extreme Fitness will shortly launch two new products targeting the personal home exercise market through national mass-marketing. Our ability to assist in this expansion will allow us to enjoy in the revenues and earnings created by this opportunity. By seizing that opportunity, we will not only deliver a greater return to our shareholders, but further diversify our business model and increase shareholder value."

John Huerta, President of Extreme Fitness, stated, "We are looking forward to the increased distribution our products will get as a result of this acquisition. Both operations and manufacturing facilities will enjoy increased economies of scale and synergy which comes from expanded engineering experience."

About Ultimate Sports, Inc.: Ultimate Sports specializes in every item, large and small, that snowmobilers need in order to enjoy the sport and improve their performance — especially snowmobile skis of all types. We have an extensive inventory of carbide studs, mount kits, wear bars, suspension parts, snow flaps, alignment bars, and so much more. Visit www.usi-skis.com for more information.

About Extreme Fitness, Inc.: Extreme Fitness manufactures a wide array of cardiovascular, exercise and strength training equipment for both professional facilities and personal home use.  Products range from exercise machines to, plates, dumbbells, barbells, and attachments. The company's customers include the United States Military, gyms, schools, colleges, universities, fire departments, police forces, correctional facilities, fitness companies, fitness centers, recreation centers, and outdoor sports facilities.

 Forward Looking Statements: This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.

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