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Cobra
Powersports & TGB to Continue Strategic Partnership
TGB and Cobra Powersports sign a multi-year supply
agreement for scooters & ATVs
KENNESAW, GA (May 12, 2008) –
Cobra
Powersports (“Cobra Scooters, LLC”) and TGB (“Taiwan Golden Bee Co.;
LTD) today jointly announced that they will continue their strategic
partnership and will operate under a new multi-year supply
agreement. Under the terms of the agreement TGB will continue supply
Cobra Powersports with scooters and ATVs for the U.S. market.
This new supply agreement benefits both companies through
distribution channels set up by Cobra Powersports and manufacturing
capabilities from TGB. Highlights of the new agreement:
TGB will continue to manufacturer fuel-efficient scooters and
high-quality ATVs in Taiwan for distribution in the U.S. by Cobra
Powersports. Under the new agreement, the scooters and ATVs will be
sold under the brand name “PEIRSPEED by TGB”.
PEIRSPEED is a brand name owned by Cobra Powersports.
This latest supply agreement extends a long standing relationship
between the two corporations, with Cobra Powersports already
distributing TGB scooters and ATVs since 2004.
"Forging the right tactical partnerships is critical to the
long-term success of Cobra Powersports," said Bill Peirce, Cobra
Scooters, LLC President. "It also builds on our Company's strengths,
including the ability to respond rapidly and creatively to changing
markets and new opportunities."
“TGB is excited to continue working with Cobra Powersports as a
partner in the U.S. for marketing our unique kind scooters and
ATVs,” said George Lin, President of TGB. “Through Cobra
Powersports’ distribution channels and services, we know they will
continue to do a good job of implementing our goal of providing high
customer satisfaction and enriching our customers lives.” Mr. Lin
added, “bringing the right products into the right markets is our
mutual goals; we truly believe that we can make difference.”
The two companies have also agreed to maintain an open dialogue to
explore further product opportunities.
“Our teams have worked well together over the past four years. The
strategic partnership has accomplished a tremendous amount so far
and achieved nearly all our goals during the first 4 years of its
existence.” said Mr. Peirce. “For instance, in 2006 we were the
first company to have a 2-stroke 50cc engine that met the new small
engine EPA regulations. Additionally, we worked together to develop
what we think is the best 400cc ATV on the market; the Outback 400cc
ATV. These and other joint cooperation projects will continue into
the future. I expect the sales and technical cooperation between our
companies to continue to be strong in the coming years.”
About Cobra Powersports
Cobra Powersports is a leading distributor of motorcycles, scooters,
and ATVs (all terrain vehicles). Products distributed by Cobra
Powersports include the American made V-Twin, Brass Balls Bobbers &
Choppers, TGB scooters and ATVs, SACHS MadAss and X-Road, and
PEIRSPEED scooters. Several hundred powersports dealers rely on
Cobra Powersports to provide quality transportation and recreational
products.
About TGB
Taiwan Golden Bee is a leading manufacturer of scooters, ATVs and
OEM parts, whose customers include Piaggio, Rotax, Polaris, SYM,
Minarelli, Morini and Peugeot. Since its inception in Taiwan in
1978, TGB has evolved into one of the largest CVT (Continuously
Variable Transmission) manufacturers.
Contact Information:
Cobra Powersports
Mason Orr
Phone: 770-423-2927 x131
http://www.cobrasales.com
Taiwan Golden Bee, Co. LTD
Jack Kuo
Phone: 886-7-6222101
http://www.tgb.com.tw
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