Business Buzz . . .

admin

  • Xtreme Motor Co. is a new MVP: Chicago businessman Larry Wang has purchased Xtreme Motor Co., of Russellville, Ark., for an undisclosed amount. The deal closed Feb. 1. Layne Smith, CEO of Xtreme, will continue with the firm as executive vice president of motorsports and will concentrate on product development. Wang also owns the 50-year-old WEN Products, a manufacturer of power tools, among other investments. He's imported and sourced products through Asian companies for years, and he sells them through big box retailers. The move is expected to provide a capital infusion and additional resources for Xtreme. Xtreme will remain in Russellville and no staff changes are planned. One major Japanese OEM has spotted close to 50 products that look suspiciously like copies of its products. Look for some action here soon.

  • Two new members have signed on to the MIC's cutting-edge Powersports Standard Protocol (PSP) program: Helmet House and Ideal Computer Systems. The program lets participating dealers communicate with all of their participating vendors through one terminal using their dealer management system, eliminating the need for multiple, dedicated terminals and programs. Details are at the MIC business center, Booth 6644.
  • Wondering about your dealership's numbers? Sam Dantzler at Retail Powersports Management Group (RPMG) can tell you. Stop at Booth 7658 and give him your unit sales. He'll print out a free pro forma financial analysis for you. It's worth $295, he says.
  • Mike Corbin has opened his new Florida store near Destination Daytona.
  • Expo Trivia: More than 1,000 new dealers or dealers who haven't attended the Expo in two years registered for the event this year.

    &#8212 Joe Delmont