Cannondale FX400 Gets Rave Reviews in ATV Press; Company Ups Production to Try and Keep Pace With Demand

Apr 16, 2001, 01:00 ET from Cannondale

    BETHEL, Conn., April 16 /PRNewswire/ -- The first reviews of Cannondale's
 new aluminum frame, fuel-injected FX400 ATV (All-Terrain Vehicle) have hit the
 newsstands, and the reaction from the ATV press is unanimous: the FX400 is a
 stunning success.  The new Cannondale (Nasdaq: BIKE) is currently featured on
 the cover and in the pages of all three of the most influential magazines for
 ATV enthusiasts, ATV Sport, Dirt Wheels, and 4-Wheel ATV Action.
     Although Glenn Hansen of ATV Sport confessed that he "was skeptical right
 up until I was buckling my boots," a lengthy ride on the FX400 left him quite
 impressed.  "That Cannondale -- a bicycle manufacturer -- could pull this off
 is truly astounding," said Hansen.  More specifically, Hansen observed that
 the Cannondale "is ergonomically perfect" and it "really rips."  "The
 lightweight FX400 with its high-revving engine certainly feels more powerful
 than any other production sport quad," said Hansen, "it handles like a charm,"
 and "this machine will thrill any sport-quad enthusiast."  Hansen concluded
 that "the FX400 is a thrilling addition to the sport quad market," and he
 issued a warning to other ATV manufacturers. "If they want to compete on the
 high end of the high-performance market, they better be working on something
 good or the FX400 will eat them alive."
     Dirtwheels' Steve Casper echoed Hansen's praise, saying, "from the first
 time we punched the throttle on the FX, we knew this was a contender.  The
 acceleration and throttle response are instantaneous due to the fuel
 injection, and the revs quickly climb in a broad and strong powerband."  The
 FX400's engine and transmission were both given high marks in the magazine.
 "The FX400 engine is certainly up to the task as a high-performance powerplant
 and could be race-ready for any four-stroke class action," said Casper, who
 added that "shifting was incredibly smooth on the FX and we liked the
 five-speed gear spacing for the conditions we rode in.  It was no problem to
 shift under power without the clutch -- something most other high-performance
 quads aren't capable of."
     As for the new ATV's handling, Casper said, "the FX400 turns precisely,
 quickly and easily -- just what you want in a racing machine."  He added that
 "the suspension system was pretty close to being perfect.  The ride is super
 plush and the shocks soak up bumps smoothly and with no kick-back."
     Overall, observed Casper, "it's pretty incredible what Cannondale has been
 able to do in a short 14-month period.  Cannondale's new quad is fast, strong
 and has excellent suspension and handling manners.  As a serious trail and
 dune machine, it should perform with the best of them."
     4-Wheel ATV Action editor Adam Campbell was no less effusive in his praise
 of the FX400, which he dubbed "the most eagerly anticipated high performance
 quad ever and the highest-tech quad ever developed."  Comparing the FX400 with
 ATV industry heavyweights, Campbell concluded that "in a contest of all-out
 performance with the Cannondale, it looks like Honda, Yamaha and Bombardier
 brought knives to a gun fight."
     Like the other editors, Campbell was quick to compliment the FX400's
 power, transmission and handling with comments like "It's wild. No (other)
 stock quad has such a forceful, long powerband," the transmission ratios "are
 perfect for the engine's power delivery and the shift action is beautiful,"
 and "the FX400 isn't picky about how you round turns, either.  You can
 power-slide through with excellent control or brake and pivot easily."
     The three cover stories have dramatically boosted the already high level
 of interest in the FX400, says Cannondale Founder and President Joe
 Montgomery.  "The positive reviews have generated a lot of additional demand
 for the FX400," said Montgomery, "and we've made satisfying that demand the
 top priority of our motorsports division.  Everyone on the motorsports side of
 the company is focused on it."
     According to Montgomery, Cannondale has already made great strides in
 increasing FX400 production.  The company shipped roughly 100 ATVs during the
 first month after beginning production in mid-February.  The company has now
 shipped more than 275 ATVs, posting an increase in units of approximately 75%
 in its second month of production.
     The FX400 reviews appear in the May issues of 4-Wheel ATV Action and
 Dirtwheels, and the June issue of ATV Sport.
 
     Cannondale Corporation is the world's leading manufacturer of
 high-performance bicycles.  The company's bicycles and bicycle accessories,
 which include clothing, packs and bags, and HeadShok suspension forks are
 marketed under the Cannondale brand name and "Handmade in USA" logo, and are
 sold in the U.S. and in more than 60 foreign countries.  The company entered
 the motorsports industry with its MX400 motocross motorcycle and the FX400
 ATV. The company has also announced plans to develop two additional motorcycle
 models.
 
     This press release contains certain forward-looking statements, as defined
 under the Private Securities Litigation Reform Act of 1995.  Actual results
 may differ materially from those anticipated as a result of various risks and
 uncertainties, including risks and uncertainties described in this press
 release, as well as those detailed from time to time in the company's periodic
 reports on Forms 10-K, 10-Q and 8-K filed with the Securities and Exchange
 Commission.  Readers are cautioned not to place undue reliance on these
 forward-looking statements which speak only as of the date hereof.  The
 company undertakes no obligation to publish revised forward-looking statements
 to reflect events or circumstances after the date hereof or to reflect the
 occurrence of unanticipated events.
 
 

SOURCE Cannondale
    BETHEL, Conn., April 16 /PRNewswire/ -- The first reviews of Cannondale's
 new aluminum frame, fuel-injected FX400 ATV (All-Terrain Vehicle) have hit the
 newsstands, and the reaction from the ATV press is unanimous: the FX400 is a
 stunning success.  The new Cannondale (Nasdaq: BIKE) is currently featured on
 the cover and in the pages of all three of the most influential magazines for
 ATV enthusiasts, ATV Sport, Dirt Wheels, and 4-Wheel ATV Action.
     Although Glenn Hansen of ATV Sport confessed that he "was skeptical right
 up until I was buckling my boots," a lengthy ride on the FX400 left him quite
 impressed.  "That Cannondale -- a bicycle manufacturer -- could pull this off
 is truly astounding," said Hansen.  More specifically, Hansen observed that
 the Cannondale "is ergonomically perfect" and it "really rips."  "The
 lightweight FX400 with its high-revving engine certainly feels more powerful
 than any other production sport quad," said Hansen, "it handles like a charm,"
 and "this machine will thrill any sport-quad enthusiast."  Hansen concluded
 that "the FX400 is a thrilling addition to the sport quad market," and he
 issued a warning to other ATV manufacturers. "If they want to compete on the
 high end of the high-performance market, they better be working on something
 good or the FX400 will eat them alive."
     Dirtwheels' Steve Casper echoed Hansen's praise, saying, "from the first
 time we punched the throttle on the FX, we knew this was a contender.  The
 acceleration and throttle response are instantaneous due to the fuel
 injection, and the revs quickly climb in a broad and strong powerband."  The
 FX400's engine and transmission were both given high marks in the magazine.
 "The FX400 engine is certainly up to the task as a high-performance powerplant
 and could be race-ready for any four-stroke class action," said Casper, who
 added that "shifting was incredibly smooth on the FX and we liked the
 five-speed gear spacing for the conditions we rode in.  It was no problem to
 shift under power without the clutch -- something most other high-performance
 quads aren't capable of."
     As for the new ATV's handling, Casper said, "the FX400 turns precisely,
 quickly and easily -- just what you want in a racing machine."  He added that
 "the suspension system was pretty close to being perfect.  The ride is super
 plush and the shocks soak up bumps smoothly and with no kick-back."
     Overall, observed Casper, "it's pretty incredible what Cannondale has been
 able to do in a short 14-month period.  Cannondale's new quad is fast, strong
 and has excellent suspension and handling manners.  As a serious trail and
 dune machine, it should perform with the best of them."
     4-Wheel ATV Action editor Adam Campbell was no less effusive in his praise
 of the FX400, which he dubbed "the most eagerly anticipated high performance
 quad ever and the highest-tech quad ever developed."  Comparing the FX400 with
 ATV industry heavyweights, Campbell concluded that "in a contest of all-out
 performance with the Cannondale, it looks like Honda, Yamaha and Bombardier
 brought knives to a gun fight."
     Like the other editors, Campbell was quick to compliment the FX400's
 power, transmission and handling with comments like "It's wild. No (other)
 stock quad has such a forceful, long powerband," the transmission ratios "are
 perfect for the engine's power delivery and the shift action is beautiful,"
 and "the FX400 isn't picky about how you round turns, either.  You can
 power-slide through with excellent control or brake and pivot easily."
     The three cover stories have dramatically boosted the already high level
 of interest in the FX400, says Cannondale Founder and President Joe
 Montgomery.  "The positive reviews have generated a lot of additional demand
 for the FX400," said Montgomery, "and we've made satisfying that demand the
 top priority of our motorsports division.  Everyone on the motorsports side of
 the company is focused on it."
     According to Montgomery, Cannondale has already made great strides in
 increasing FX400 production.  The company shipped roughly 100 ATVs during the
 first month after beginning production in mid-February.  The company has now
 shipped more than 275 ATVs, posting an increase in units of approximately 75%
 in its second month of production.
     The FX400 reviews appear in the May issues of 4-Wheel ATV Action and
 Dirtwheels, and the June issue of ATV Sport.
 
     Cannondale Corporation is the world's leading manufacturer of
 high-performance bicycles.  The company's bicycles and bicycle accessories,
 which include clothing, packs and bags, and HeadShok suspension forks are
 marketed under the Cannondale brand name and "Handmade in USA" logo, and are
 sold in the U.S. and in more than 60 foreign countries.  The company entered
 the motorsports industry with its MX400 motocross motorcycle and the FX400
 ATV. The company has also announced plans to develop two additional motorcycle
 models.
 
     This press release contains certain forward-looking statements, as defined
 under the Private Securities Litigation Reform Act of 1995.  Actual results
 may differ materially from those anticipated as a result of various risks and
 uncertainties, including risks and uncertainties described in this press
 release, as well as those detailed from time to time in the company's periodic
 reports on Forms 10-K, 10-Q and 8-K filed with the Securities and Exchange
 Commission.  Readers are cautioned not to place undue reliance on these
 forward-looking statements which speak only as of the date hereof.  The
 company undertakes no obligation to publish revised forward-looking statements
 to reflect events or circumstances after the date hereof or to reflect the
 occurrence of unanticipated events.
 
 SOURCE  Cannondale