Program to Test In-Store Pontoon Placement in
Select Tractor Supply Locations Across the Northern Texas
Region
GARLAND,
Texas, June 6, 2024 /PRNewswire/ -- Massimo
Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and
distributor of powersports vehicles and pontoon boats, today
announced it has launched a Pontoon Boat Pilot Program with Tractor
Supply Company, the largest rural lifestyle retailer in
the United States, for in-store
product placement in select Texas
store locations.
For more than 85 years, Tractor Supply Company has been
passionate about serving the needs of recreational farmers,
ranchers, homeowners, gardeners, pet enthusiasts and all those who
enjoy living Life Out Here. The company operates over 2,200 Tractor
Supply stores in 49 states, and currently sells a variety of
kayaks, canoes, fishing boats and pedal boats. Massimo Marine products will be the first
pontoon boats available in Tractor Supply Company stores, including
the entry level P-22 Limited Pontoon on the floor, and the
mid-level P-24, T-25 and T-30 lineup of boats available to
order.
"Building on the success of our current agreement with Tractor
Supply Company providing our full Massimo Motor product lineup
online and in stores, we now have the opportunity to offer
Massimo Marine products to customers
of the largest rural lifestyle retailer in the US," said
David Shan, Founder, Chairman &
CEO of Massimo. "This in-store pilot program will include 6 stores
closest to our headquarters in Dallas, and if successful could become a
regular in-store item and rollout to more locations across
the United States. We believe
Massimo Marine will resonate with
Tractor Supply Company customers looking for American made Pontoons
that offer luxury boating at an affordable price.
"Massimo Marine is laser focused
on utility and value with a limited number of pontoon product
offerings versus our peers, and this expansion with Tractor Supply
Company would support cross selling motor vehicles and marine
products. We continue to see strong demand in our marine segment,
with the North America pontoon
boat market expected to grow from $1.2
billion in 2021 to $2.0
billion by 2028 according to Business Market Insights.
Looking ahead, combined with new product initiatives and a growing
distribution network, we believe Massimo
Marine will continue to expand its revenue and profit
contribution to our brand in the years to come," concluded
Shan.
Massimo Marine's lineup of
premium Pontoon boats are skillfully crafted and meticulously
assembled in the USA, ensuring the
utmost attention to detail, safety, and durability. Pontoon boats
offer a luxurious and comfortable experience for pontoon
enthusiasts, offering a range of options for optimal power and
featuring a variety of comfort and convenience amenities.
Massimo Marines P-22 Limited
Pontoon boats offer a luxurious and comfortable experience for
entry-level pontoon enthusiasts. Equipped with 40hp up to 115hp
Mercury outboard engines, the Pontoon boats offer a range of
options for optimal power. Additionally, boats feature a variety of
comfort and convenience amenities, including 4×6.5″ interior
speakers, 5.5″ touchscreen LCD audio display, Black Painted Fence
Rail Finish, USB Ports, 12V Port, optional ski tow, Bimini-mounted
anchor/navigation light, Mooring eye on the starboard side for
tie-offs, Motor-stop safety lanyard, and an Antenna.
About Tractor Supply Company
For more than 85 years, Tractor Supply Company has been
passionate about serving the needs of recreational farmers,
ranchers, homeowners, gardeners, pet enthusiasts and all those who
enjoy living Life Out Here. Tractor Supply is the largest rural
lifestyle retailer in the U.S., ranking 291 on the Fortune 500. The
Company's more than 50,000 Team Members are known for delivering
legendary service and helping customers pursue their passions,
whether that means being closer to the land, taking care of animals
or living a hands-on, DIY lifestyle. In store and online, Tractor
Supply provides what customers need – anytime, anywhere, any way
they choose at the low prices they deserve. As of March 30, 2024, the Company operated 2,233
Tractor Supply stores in 49 states. For more information on Tractor
Supply, visit www.tractorsupply.com.
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 286,000 square foot factory is in the
heart of the Dallas / Fort Worth
area of Texas in the city of
Garland. For more information,
visit massimomotor.com and massimomarine.com.
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