SOURCE: Systems Evolution

August 26, 2009 09:45 ET

Systems Evolution CEO Steven Humphries Comments on Hoss Motor Sports Acquisition

ADDISON, TX--(Marketwire - August 26, 2009) - Systems Evolution, Inc. (PINKSHEETS: SSEV) closed on the purchase of Hoss Motor Sports, Inc. (HMSI) this week after the Sympowerco, Inc. purchase was terminated. Hoss Motor Sports is the manufacturer of Ultimate Terrain Vehicles (UTV) and developed the first UTV for the mining industry that is used up to 2,000 feet under ground.

Chief Executive Officer Steven Humphries commented on the company, its plans and its future stating, "With the acquisition of HMSI, we will refocus our marketing efforts on the search and rescue market which will target states, municipalities and other countries in the Hurricane, Tornado and Earthquake zones around the world."

Hoss Motor Sports, Inc. has developed and designed a variety of types of Off Road Utility Vehicles including vehicles designed specifically for Search and Rescue, Construction Sites and for Sport Utility and Off Road Enthusiast markets. Under the Systems Evolution umbrella HMSI will manufacture its advanced vehicles at HMSI's new facility in Dumas, Arkansas.

HMSI Management is projecting sales in excess of $3.0M in 2010, which would represent approximately 325 units sold.

Humphries added, "This product line has unlimited potential and we are very excited to have HMSI a part of the SSEV group of companies."

This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," "forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, no guarantees of Earthworks Entertainment's future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • CONTACT:
    Steven Humphries
    972-248-2244 Ext 106