Frozen Food Gift Group, Inc. Announces LOI To Merge With MotoVoxA® Small Engine Technology And Power Sport Products Manufacturer; Averages Eight Million Dollars In Annual Revenue Projecting To Double Revenues In 2014
SAN DIEGO, Feb. 10, 2014 /PRNewswire/ -- Frozen Food Gift Group, Inc. (OTCQB: FROZ) today announced a letter of intent (LOI) agreement to merge with APT Group, Inc., a manufacturer and distributor of technologically advanced, environmentally friendly utility and power-sports products.
APT Group, Inc. is a Missouri 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/).
MotoVox® has become the fastest growing brand of small engine price-point power sport products in the world, with nearly 100,000 power sport products sold to date earning nearly $25 million in less than three years of commerce. In 2011, MotoVox® sold over 15,000 units, at an average price point of $400 per unit, through the major national "big box" and regional retailers. In 2012-13, MotoVox® sales volume nearly tripled and management anticipates continued sales growth and market penetration in both the U.S. and overseas. This year will be a transition year for MotoVox® as management fortifies the Company's already well-established foundation to capture dominating market share, expand to international markets and establish the MotoVox® brand as a household name.
In addition to core sales of the MotoVox® product line, the company holds patents for the SmartCarb® fuel system and Sonic Flow small engine technology. The environmentally friendly technology is a real world solution to satisfying a variety of emissions regulations and OEM performance requirements in small engine applications. The technology is the answer to significantly improving fuel economy, lowering emissions, and providing improved performance. The company completed the development of the SmartCarb® Fuel System and has recently entered the aftermarket & now working with OEM's.
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