Recreatives Industries, Inc. (OTC: RECX) (“Recreatives” or the “Company”), manufacturer of MAX Amphibious 6×6 All-Terrain Vehicles (www.maxatvs.com), announces today that OTC Markets Group, Inc. (“OTC Markets”) removed the Caveat Emptor designation (“CE”) from the Company’s profile on OTC Markets’ website on Monday, October 7, 2024. The removal of the CE designation allows RECX to trade on the OTC with no restrictions. The Company and its counsel have worked diligently with OTC Markets throughout 2024 to address the CE designation and have it removed.
“Our team at Recreatives is dedicated to serving our retail customers, our new dealers, and our shareholders above reproach. Removing the Caveat Emptor designation ultimately benefits each group as the Company can once again focus on relaunching the entire line of MAX Amphibious ATVs and ultimately expand into the global ATV market,” stated Andrew Lapp, CEO of Recreatives. “During the past 18 months, while the CE designation was placed on RECX, we continued to serve the Company with high standards in every capacity. We dedicated ourselves to rebuilding the Company’s infrastructure by establishing our new supply chain and relaunching the production line with resources we had available to us. We are grateful for our accredited investors who saw the potential in our team and in our MAX ATV product line during this time. With their investments, we carefully budgeted and successfully resumed production of the MAX 2 Amphibious ATV for the first time in over 8 years. During the past 14 months, we have proven that we could relaunch the MAX 2 ATV below our proposed budget despite Covid-related supply chain shortages and inflation during 2023 and 2024. We have seen immediate success with our MAX 2 launch, and we are looking forward to sharing more exciting developments.”
For more information about Recreatives Industries, Inc., please visit www.recreatives.com.
About Recreatives Industries, Inc.
RECREATIVES INDUSTRIES, INC. (“RECX”) is the manufacturer of MAX amphibious six-wheel-drive (6×6) all-terrain vehicles (www.maxatvs.com), originally manufactured by Recreatives Industries Inc. of Buffalo, NY, from 1970 to 2013. RECX is continuing MAX’s brand legacy of 53 years by relaunching the entire MAX ATV product line from existing, proven designs, which will ensure a rapid re-entry into the broader global ATV market that continues to grow at over 1,000,000 units per year. Beyond traditional MAX ATV production, RECX plans to diversify its product line by introducing new vehicles and products to market in a compressed timeframe. The company’s planned diversification includes larger eight-wheeled vehicles (8×8) as well as electric vehicle (EV) drivetrains to draw on recent advancements in battery and drive motor technology, which make fitment in smaller vehicles possible. RECX management believes that electric vehicles can ultimately offer performance that exceeds that of the traditional mechanical transmissions that most all-terrain vehicles employ.
Safe Harbor
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, intended to be covered by the “safe harbor” created by those sections. Any statements that are not historical facts contained in this press release are also “forward-looking statements,” as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA). Such statements may be identified by words such as “expects,” “plans,” “projects,” “will,” “may,” “anticipates,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be canceled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions, the performance of management and our employees, our ability to obtain financing or maintain contractual relationships with vendors and customers, competition, general economic conditions and other factors that are detailed in our periodic reports filed with the Securities and Exchange Commission (” SEC “). We intend that all forward-looking statements be subject to the safe-harbor provisions of the PSLRA, Securities Act, and Securities Exchange Act.
CONTACT:
Recreatives Industries, Inc.
Investor Relations
ir@recreatives.com
1-800-255-2511
www.recreatives.com