APT MotoVox Group, Inc. announced an order of 3,000 units of its MBX Mini Bike line, an order from a current customer, one of the top 10 revenue grossing international retailers.
Neither the retailer name nor the dollar amount of the order can be disclosed due to agreements between the companies.
The MBX Mini Bike line has sold more than 55,000 units in just under three years and in 4th quarter of 2014 APT MotoVox Group will roll out the MBX Mini Bike line in Latin America and Canada. The company performed a "rate of sale" exercise within a few markets in Mexico that resulted in a 97% sell through in just four weeks. "Anyone in the retail business would concur that a sell through at this rate is a winner," said Troy A. Covey, President of APT MotoVox Group, Inc.
"The product and its price point are right for Latin American markets. Plans are set to rapidly expand the product to Latin American and Canadian markets in 2015 after a limited but strategic launch in Mexico during the latter part of the fourth quarter of 2014, with aggressive distribution in 2015," Mr. Covey said.
The MBX Mini Bike line has achieved the highest marks for quality and design of the "traditional" mini bike product segments. APT MotoVox Group will be announcing the evolution of the "common minibike" fourth quarter this year by introducing the MBX 13, 14, and 15 Pro.
