Cycle Country Receives Opinion With Going Concern Qualification From Its Auditors
Cycle Country Accessories Corp. (NYSE Amex: ATC) (the “Company”) announced today that its financial statements for the fiscal year ended September 30, 2009 included in the Company's Annual Report on Form 10-K, filed on January 18, 2011 contained a going concern qualification from its independent registered public accounting firm, Boulay, Heutmaker, Zibell & Co., P.L.L.P.
This announcement is required by NYSE Amex Company Guide Section 610(b), which requires separate disclosure of receipt of an audit opinion containing a going concern qualification. This announcement does not represent any change or amendment to the Company's financial statements or to its Annual Report on Form 10-K for the fiscal year ended September 30, 2009.
About Cycle Country Accessories Corporation:
Cycle Country is the recognized industry leader in the innovation, design, sales, and manufacturing of custom fitting accessories for utility and all-terrain vehicles (UTVs and ATVs), under the brand name of Cycle Country Accessories. Products include snowplows, mowers, 3-point hitches and implements, storage, bed lifts, brush guards and more.The Company also produces a line of specialty products for golf cars, lawn and garden equipment and motor sports vehicles under the brand name of Plazco. Under the brand name of Perf-Form, the Company manufactures and distributes a broad line of high performance oil filters for motorcycles, ATVs and watercraft. In addition, the Company provides metal fabrication and contract manufacturing services through its Imdyne division.
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