W.E.ROCK Contracted to Design & Oversee Construction of Off-Road Parks in
ROI Company Continues International Expansion
Rhino Outdoor International, Inc. (RHOI.PK), which operates outdoor activity based businesses, including wholly owned subsidiary W.E.ROCK Event, Inc., is pleased to report that the company has entered into an agreement with Hebei Sida Industry Group, CO, LTD (HSIG) and a group of their partners to design and oversee the construction of the rock crawling area and competition site obstacles at the first of 20 parks planned for construction across the country over the next two years. The initial park is to be built in
“Vacation travel and off-road recreation for the Chinese is growing at an incredible rate as it did in America in the 50 and 60’s,” stated Howard Pearl, CEO & President of Rhino Outdoor International – the parent company of W.E.ROCK, Event, Inc. “The market for off-road vehicles and accessories in China is growing over 18% per year.” Earlier this year, ROI announced that it has partnered with (HSIG) for production of the Rhino RTV off-road vehicle. HSIG will also be selling and distributing the innovative off-road vehicle in
“We’re sending two of our best to
“We are encouraged by our expanded activities in
About W.E.ROCK Event, Inc.
W.E.ROCK Event, Inc. is an off-road racing competition and event management company. It is the sanctioning body for international competition in seven countries across the world and produces the W.E.ROCK Series in the
On September 28, 2007, ROI, through its recently organized wholly-owned subsidiary, W. E. Rock Event, Inc., a Nevada corporation, acquired all of the assets and assumed certain liabilities of W. E. ROCK, a California sole proprietorship of Richard C. Klein II.
Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this news release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the forward-looking statements, including the impact of changed economic or business conditions, the impact of competition, the success of existing and new product releases, the management of our growth, other risk factors inherent in the outdoor recreation, internet, and media industries and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission.
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