Power Sports Factory, Inc. Announces Expansion of Its Manufacturing Relationship

* Reuters is not responsible for the content in this press release.

Mon May 11, 2009 5:27pm EDT

PENNSAUKEN, N.J.--(Business Wire)--
Power Sports Factory, Inc., (OTCBB:PSPF) announced today that Dickson Holdings
Limited (Hong Kong), the exclusive worldwide agent and distributor of Qianjiang
Motorcycles and Benelli designed scooters, has acquired 4,604,428 common shares
of Power Sports Factory by converting $252,310 of inventory that it has provided
to the Company. Dickson Holdings Limited has also indicated that it would like
to submit a candidate for consideration to take a seat on the Company`s Board of
Directors. 

"While this recent development significantly enhances our cash flow and balance
sheet, it deepens our strategic alliance with our manufacturing partner," said
Powers Sports Factory`s CEO Shawn Landgraf. "We are confident this will continue
to strengthen our relationship over the long term and potentially add tremendous
value to our Board of Directors." 

About Power Sports Factory, Inc.:

New Jersey based Power Sports Factory, Inc., is wholly owned by Power Sports
Factory, Inc. (OTCBB:PSPF). Power Sports Factory imports, markets and
distributes motorbikes principally under the "Andretti" and "Yamati" brands.
Additional information is available on the Power Sports Factory website at
http://www.powersportsfactory.com and www.sec.gov. 

Power Sports Factory is the only company withmotorbikes endorsed by racing
legend Mario Andretti. The Andretti line combines top performance, competitive
pricing and cutting-edge European design from Benelli. Benelli is the designer
of some of the best motorcycles and motorbikes in the world. The
Andretti/Benelli line is also known for its high-quality construction and
superior styling making it the smart choice for consumers. With today`s volatile
price of fuel, motorbikes are a smart alternative for people looking for superb
gas mileage. 

About Dickson Holdings Limited

Dickson Holdings Limited is the exclusive distribution company of Qianjiang
Motorcycles for its Benelli lines. Qianjiang Motorcycles, ("QJ") is the second
largest producer of motorcycles and scooters in China. In 2006, QJ acquired the
well-respected Italian motorcycle designer and manufacturer, Benelli
Motorcycles. 

The information contained in this news release, other than historical
information, consists of forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements may involve
risks and uncertainties that could cause actual results to differ materially
from those described in such statements. Factors that may cause actual results
to differ materially from those expressed or implied by its forward-looking
statements include, but are not limited to, Power Sports Factory's limited
operating history and business development associated with being a growth stage
company; its dependence on key personnel; its ability to execute its business
strategy; the intense competition it faces; risk associated with disruptions of
its international supply chain; its exposure to product liability claims
resulting from the use of its products; general economic and capital market
conditions; its ability to raise additional capital; as well as those risks
described under the heading "Risk Factors" of Power Sports Factory's Form
10-KSB/A, filed with the Securities and Exchange Commission on August 18, 2008.
Although Power Sports Factory, Inc. believes that the expectations reflected in
such forward-looking statements are reasonable; it can give no assurance that
such expectations will prove to have been correct. 



Power Sports Factory, Inc.
Shawn Landgraf, CEO, 856-488-9333
info@powersportsfactory.com



Copyright Business Wire 2009

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.