PHILADELPHIA, May 29 /PRNewswire/ -- CityRyde LLC, which recently was awarded the Top Green Business of the Year Award and featured in the June 2009 issue of Entrepreneur Magazine, announced today that it has entered into an agreement with Power Sports Factory, Inc. (OTC Bulletin Board: PSPF) that will revolutionize the bike sharing industry.

CityRyde's relationship with Power Sports Factory will result in the first fully featured bike sharing solution in the United States that remains affordable. Timothy Ericson, CityRyde Co-Founder, and one of the leading experts in bike sharing, states, "Our relationship with Power Sports Factory will break the financial barriers that are preventing the wide spread adoption of bike sharing systems in the United States."

"This is an especially exciting opportunity for CityRyde with strategic implications," says Jason Meinzer, Co-Founder. "This bike share hardware solution will enable us to further develop our bike share software code named 'Oyster' by optimizing the application using the hardware as a testing platform. Oyster will allow bike share operators to intelligently manage their programs by decreasing liabilities while increasing revenues."

"CityRyde brings a wealth of experience and industry knowledge in the fast growing bike share industry," said Steve Rubakh, President. "They will play a key role in launching our Alternative Transportation Division."

About CityRyde:

CityRyde LLC is a sustainable transportation consulting company that specializes in bicycle sharing, headquartered in Philadelphia, PA. CityRyde representatives have traveled the globe over the past two years testing, analyzing and comparing the most prominent bike sharing implementations. CityRyde is in final stages of developing a collaborative back-end information management solution mash-up (code name Oyster) that will enable bike sharing, car sharing, and other sustainable transportation models a way to intelligently manage their programs. CityRyde has recently won the prestigious Top Green Business of the Year Award and its Co-Founder, Timothy Ericson, was recently featured in the June 2009 issue of Entrepreneur Magazine, which has over 3 million readers. CityRyde has been listed amongst some of the most innovative companies in the entrepreneurial world. Additional information is available at http://www.cityryde.com.

SOURCE CityRyde LLC

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