KANSAS CITY, Mo., Aug. 21, 2014 /PRNewswire/ -- APT MotoVox Group, Inc. (OTC BB: MTVX) today announced receipt of new orders that doubled existing orders in Mexico and Latin America. MotoVox products will be delivered to Sam's Club, Groupo Elektra, Liverpool and other key stores throughout Latin America.
Groupo Elektra owns more than 1,000 stores in Mexico, Brazil, Guatemala, El Salvador, Honduras, Panama and Peru. The stores owned by Groupo Elektra offer in-store credit to consumers in Mexico and Central America.
The additional order is a direct result of a "rate of sale" test within markets in Mexico that produced a 97% sell through in just four weeks.
"Elektra is one of the largest retailers in Latin America. Doubling the order quantity at this stage creates a clear path to prolific distribution throughout Latin America," said Troy A. Covey, President. "We expect multiples on growth of order quantities over the next twelve months."
"It is usually very capital intensive and challenging for a company to achieve international distribution," said Mr. Covey. "We are pleased that our relationship with a key distributor in Latin America has resulted in market penetration without the traditionally associated costs."
"Our products have received the highest marks for quality and design which is reflected in the demand for larger quantities in these key international markets. This is just the beginning of a huge rollout of MotoVox products through 2014 that we expect will explode in 2015," said Mr. Covey.
About APT MotoVox Group, Inc.:
APT MotoVox Group, Inc. Inc. (OTC BB: MTVX) is a Delaware 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/).
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.
William Maher, SVP
APT MotoVox Group, Inc.
E & E Communications
SOURCE APT MotoVox Group, Inc.