HOPKINS, MN, – September 28, 2009 – (Motor Sports Newswire) – Viper Powersports Inc. (OTCBB: VPWI) announced today a 1-for-4 reverse stock split, which was effective September 15, 2009. The stock began trading today on a post-split basis on the OTC Bulletin Board under its new symbol “VPWI.” Until today, Viper had traded under the symbol (OTCBB:VPWS).Pursuant to this reverse stock split, each four shares of previously held common stock of Viper Powersports Inc. are now equal to one common share of post-split new common stock. Adjusted for this reverse stock split, there are now approximately 11.4 million shares of outstanding common stock and 25 million authorized shares of Viper Powersports Inc. common stock.
Viper Powersports CEO John Silseth stated, “This reverse split better positions Viper’s capitalization for future business opportunities.”
Viper Powersports designs, manufactures and markets a line of premium American V-Twin Super Cruiser motorcycles, V-Twin aftermarket engines and other related aftermarket products through an independent dealer network. Viper Powersports and Viper Motorcycle Company’s websites are www.viperpowersports.com and www.vipermotorcycle.com.
The foregoing material may contain forward-looking statements. We caution that such statements may be subject to uncertainties and that actual results could differ materially from the fore-going statements. Readers accordingly should not place undue reliance on these forward-looking statements which do not reflect anticipated or unanticipated events or circumstances occurring after the date of these forward-looking statements.
SOURCE Viper Powersports Inc.