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Nov 2, 2010

Martin Racing Performance Acquires All United Motors Of America Assets

LAS VEGAS, NV - November 2, 2010 - (Motor Sports Newswire) - During the state of the market industry panel presented by Gart Sutton & Associates the president of Martin Racing Performance Joel Martin announced the latest merger and acquisition of the company. "I am proud to announce MRP has obtained all the assets of United Motors, this includes the largest private label Hyosung OEM parts cache in North America as well as the complete lineup of accessories and parts." United Motors formerly Jincheng USA (1996-1999) had been a staple of the US Powersports Industry since 1996 when they opened their first US office in Miami, FL as United Motors of America. The company expanded to 400 dealerships by 2003 and began importing the Hyosung private label motorcycles in 2006. The company imported and distributed ATVs, Scooters, and Motorcycles up to 650cc.

Mr. Martin continued "We strongly believe that many dealers and end users have become orphan customers without access to many of these parts, it is our duty to consolidate this part of the industry, to help the dealers find UM parts, and to provide our customers with a one-stop location for all their parts. No other competitor in the industry offers Korean parts for scooters or motorcycles like we do since we acquired Daelim earlier this year." He continued "It is our intent to reach out to ATK and work with them in making sure clients in North America have access to the Hyosung parts." Martin further stated this was the largest acquisition of its kind and would take several months to merge into the current MRP inventory. All former United Motors dealers, Hyosung dealers, and ATK dealers are encouraged to open an MRP account to help them in finding / obtaining parts.

Privately held United Motors of America ceased its US operations in February 2010. The company continues to operate in Colombia and other parts of Central and South America. MRP purchased the inventory and assets from the banking institutions that held the liens on the company, MRP is not responsible for any warranties, liabilities, or consumer issues.

About MRP
MRP is a leading supplier of OEM and performance parts having over 30,000 SKUs for hard to find Chinese, Korean, Taiwanese, Japanese, and European scooters. It is the one and only source of OEM Malaguti (Italy), TNG - CMSI Scooters, Diamo - LS Motorsports, Italjet America, CPI Scooters and ATVs from Taiwan and more. The company also offers exclusive lines such as Bertoni sunglasses, Armadillo Clothing and Gear, Scooter Ninja Taiwan race accessories, NG Disk Brakes from Spain, and Turbo Kit exhausts. MRP since 2009 has acquired and merged over 8 US Distributors including well known industry distributors CPI - JAG, TNG, Diamo, Italjet America, Keeway Southeast, and United Motors of America.
For more information on MRP visit: www.mrp-speed.com

Hyosung Motors & Machinery, Inc.
Established in 1978 and based in Changwon City, Kyungnam, Korea, Hyosung Motors & Machinery is Korea's biggest and most important manufacturer of two wheel motor vehicles including motorcycles and scooters as well as all terrain vehicles (ATVs). In 1979, Hyosung Motors established a cooperation with Suzuki Motors from Japan which lasted more that 10 years and brought technology, higher quality standards and manufacturing knowledge to the Korean based company. In 1986 Hyosung Motors established its own R&D center and one year later began production on units under the own technology. Receiving ISO9001 certification in 1997 and with the introduction on 250cc and 650cc water cooled, V-Twin engines Hyosung Motors broke the 2 million production unit mark in 2001. Because of Hyousung's commitment to deliver high quality products, the company is a leader in the Korean and Asia motorcycle industry and has a strong distribution presence in Asia and Europe.

About United Motors
Formerly Jincheng USA 1996-1999 the UM brand was established in 1999 in America and Headquartered in Miami, FL. United Motors is currently a private label brand that is based in Colombia that designs, engineers and manufactures motorcycles, scooters and all terrain vehicles (ATVs) under the UM ® brand as well as related parts and accessories. It is owned by the Villegas family of Colombia. United Motors claimed distribution in 15 countries and 600 dealers as of 2009. At its height in 2008 United Motors of America claimed a network of 400 dealers, and 25 employees in Miami, Florida. The company ceased US operations in Feb 2010.
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