Massimo Launches New GKD 350 All-Terrain Go Kart
Rhea-AI Summary
Massimo Group (NASDAQ: MAMO) has launched the GKD 350 All-Terrain Go Kart, a rugged two-seater vehicle designed for all terrains. This new model is a response to customer demand for an adult version of the successful Mini 125 from 2023. The GKD 350 features a 300cc power plant, 25-inch all-terrain tires, and an automatic transmission.
Key features include:
- LED projector headlights
- Adjustable seats with rear storage
- Rearview mirrors and windshield
- 11 inches of ground clearance
- Available in green, red, and quicksand colors
CEO David Shan emphasized the company's ability to quickly respond to customer needs, positioning Massimo as a leader in the powersports vehicle market.
Positive
- Launch of new GKD 350 All-Terrain Go Kart in response to customer demand
- Potential for increased sales through existing nationwide sales network
- Demonstrated ability to quickly adapt to market needs with flexible design and assembly
Negative
- None.
News Market Reaction
On the day this news was published, MAMO gained 3.33%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Rugged Two-Seater Vehicle Asked for from Big Retail Partners
This rugged two-seater go-kart is perfect for conquering any terrain. Built tough with standard safety features, the GKD 350 delivers endless fun for all. Get ready for unforgettable experiences with a 300cc power plant, 25 inch all terrain tires and easy-to-drive automatic transmission.
Additional features making the GKD 350 the perfect choice for unleashing the inner explorer:
- Rear Storage & Spare Tire
- LED Projector Headlights
- 300CC Gas Engine with F-N-R
- Adjustable Seats + Rear Storage
- Rearview Mirrors + Windshield
- Green, Red & Quicksand Color Options
- 11 Inches of Ground Clearance
"Following the widespread success of our 2023 holiday item, the Mini 125, we received numerous requests from our customers for an adult version of the model so that the whole family can enjoy the ride. The new 2024 holiday item GKD 350 is our response to this demand," said David Shan, Founder, Chairman & CEO. "The GKD 350 delivers, with capabilities and features that provide fun, safety and capability for drivers. Our open line of communication with our customers and partners, combined with our flexible design and assembly, enables us to quickly respond to their needs to bring new vehicles to the market. As a leader in powersports vehicles, we are well-positioned to drive sales of the GKD 350 through our sales network nationwide."
Visit your local dealer/retailer and see MassimoMotor.com for more details.
About Massimo Group
Massimo Group (NASDAQ: MAMO) is a manufacturer and distributor of powersports vehicles and pontoon boats. Founded in 2009, Massimo Motor believes it offers some of the most value packed UTV's, off-road, and on-road vehicles in the industry. The company's product lines include a wide selection of farm and ranch tested utility UTVs, recreational ATVs, and Americana style mini-bikes. Massimo Marine manufacturers and sells Pontoon and Tritoon boats with a dedication to innovative design, quality craftsmanship, and great customer service. Massimo is also developing electric versions of UTVs, golf-carts and pontoon boats. The company's 376,000 square foot factory is in the heart of the
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the initial public offering and the use of proceeds thereof. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "predict," "project," "target," "potential," "seek," "will," "would," "could," "should," "continue," "contemplate," "plan," and other words and terms of similar meaning. These forward-looking statements include information concerning statements regarding future cash needs, future operations, business plans and future financial results; and any other statements that are not historical facts. No assurance can be given that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of Massimo, including those set forth in the "Risk Factors" section of Massimo's Registration Statement on Form S-1 for the initial public offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. Massimo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company
Dr. Yunhao Chen
Chief Financial Officer
Massimo Group
ir@massimomotor.com
Investor Relations
Chris Tyson
Executive Vice President
MZ North America
Direct: 949-491-8235
MAMO@mzgroup.us
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SOURCE Massimo Group
FAQ
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