Workflow
All - Terrain Vehicle Manufacturing
icon
Search documents
Recreatives Industries (OTC: RECX) Secures Funding to Accelerate Production and Cash Flow
Globenewswire· 2026-01-22 14:09
Core Insights - Recreatives Industries, Inc. has secured funding for advanced manufacturing equipment to enhance in-house production capabilities and support vehicle production growth [1][3][6] Group 1: Investment and Equipment - The company is investing in a 3kW fiber laser cutting system and a custom-built CNC press brake to improve manufacturing processes [1][3] - Equipment is being manufactured by HARSLE, known for precision engineering and custom configurations for specific manufacturing needs [2][5] Group 2: Production Strategy - The transition to in-house welding operations is part of a vertical integration strategy aimed at improving quality, cost control, and production timelines [2][4] - The investment is expected to increase vehicle production throughput, improve gross margins, reduce reliance on third-party fabricators, and shorten lead times [7] Group 3: Product Diversification - The company plans to diversify its product line by introducing larger 8x8 vehicles and electric vehicle drivetrains, leveraging advancements in battery and drive motor technology [9] - This diversification aims to enhance the product offerings and meet evolving market demands [9] Group 4: Long-term Strategy - The capital investment aligns with the company's broader strategy of modernizing manufacturing operations and creating long-term shareholder value [6][4] - Management believes that internalizing operations will create operational leverage across the MAX product lineup [4]
Recreatives Industries (OTC: RECX) Secures Funding to Accelerate Production and Cash Flow
Globenewswire· 2026-01-22 14:09
Core Viewpoint - Recreatives Industries, Inc. has secured funding for advanced manufacturing equipment to enhance in-house production capabilities and vertical integration strategy [1][2][6] Group 1: Investment and Equipment - The company is investing in a 3kW fiber laser cutting system and a custom-built CNC press brake to improve manufacturing efficiency [1][2] - The equipment is being manufactured by HARSLE, known for precision engineering and custom configurations for specific manufacturing needs [5] Group 2: Manufacturing Strategy - The investment supports the company's transition to in-house welding operations, which strengthens control over quality, costs, and production timelines [2][4] - Management believes that internalizing operations will align capital expenditures with long-term asset growth and create operational leverage across the MAX product lineup [4] Group 3: Production Goals - The addition of new equipment is expected to increase vehicle production throughput, improve gross margins, reduce reliance on third-party fabricators, and shorten lead times [8] - The company aims to expand its offerings of new vehicle models, accessories, attachments, and modular components [8] Group 4: Future Product Diversification - Recreatives plans to diversify its product line by introducing larger eight-wheeled vehicles and electric vehicle drivetrains, leveraging advancements in battery and drive motor technology [7][9]
Recreatives Industries (OTC: RECX) Reduces Authorized Common Shares by Over 50% to Strengthen Shareholder Value and Capital Structure
Globenewswire· 2025-10-30 15:42
Core Viewpoint - Recreatives Industries, Inc. has approved a significant reduction in its authorized common shares from 1.45 billion to 700 million, reflecting a commitment to disciplined equity management and long-term shareholder value [1][2][7] Group 1: Share Reduction Details - The reduction represents a more than 50% decrease in the number of shares authorized for issuance [2][7] - This action is intended to minimize dilution and maintain a disciplined share structure that supports sustainable growth [3][7] Group 2: Management's Perspective - CEO Andrew Lapp emphasized that the reduction reflects confidence in the company's operational and financial trajectory [3] - The company aims to preserve flexibility for future strategic initiatives while demonstrating a commitment to prudent corporate governance and shareholder transparency [3][7] Group 3: Financial Position and Initiatives - The share reduction follows various initiatives to strengthen the company's financial position, including a $2 million dealer floor plan facility and a global payment system for vehicle and parts sales [4] - The company plans to diversify its product line, including larger 8x8 vehicles and electric vehicle drivetrains, leveraging advancements in battery and drive motor technology [5]
Recreatives Industries (OTC: RECX) Signs First Dealer Under New Floorplan Program
Globenewswire· 2025-10-01 13:00
Core Insights - Recreatives Industries, Inc. (RECX) has signed its first authorized dealer, Vilonia Treasure Chest, under a new dealer floorplan program that offers $0 down and 0% interest for the first six months, facilitating easier access for dealers to carry MAX vehicles [2][3][4] Group 1: Dealer Network Expansion - The floorplan program allows qualified dealers to secure MAX vehicles with no initial investment, significantly lowering entry barriers for powersports and outdoor equipment dealers [3][4] - RECX has the capacity to add up to 40 additional dealers nationwide under this new program, indicating a strategic push to expand its dealer network [3][4] Group 2: Company Growth Strategy - The CEO of RECX, Andrew Lapp, emphasized that signing Vilonia Treasure Chest marks the beginning of a new growth chapter for MAX ATVs, aiming to enhance consumer access to their products across the U.S. [4] - Looking ahead to Q4 2025 and beyond, RECX plans to significantly expand its U.S. dealer network, focusing on providing consumers with access to U.S.-made amphibious 6x6 vehicles [5] Group 3: Product Diversification - RECX is relaunching the entire MAX ATV product line and plans to diversify its offerings by introducing larger 8x8 vehicles and electric vehicle drivetrains, leveraging advancements in battery and drive motor technology [6] - The company aims to ensure a rapid re-entry into the global ATV and UTV markets while maintaining the legacy of the MAX brand [6]
Recreatives Industries (OTC: RECX) Launches Crypto Payment System for Global Sales of MAX Amphibious ATVs, Parts, and Accessories
Globenewswire· 2025-08-26 13:15
Core Viewpoint - Recreatives Industries, Inc. has successfully implemented a cryptocurrency payment system, allowing customers to purchase MAX vehicles and accessories using over 300 cryptocurrencies, thereby modernizing its operations and expanding its global reach [1][2][3]. Group 1: Cryptocurrency Payment System - The company now accepts more than 300 cryptocurrencies, including major tokens like Bitcoin, Ethereum, and Litecoin, providing a fast and secure payment option for global customers [2][6]. - The integration of cryptocurrency payments offers customers more choice and flexibility while reducing reliance on traditional payment methods that can be costly and restrictive [3][6]. Group 2: Strategic Financial Initiatives - Recreatives intends to retain a portion of received cryptocurrency on its balance sheet as part of a long-term treasury strategy, aiming to diversify financial holdings beyond traditional fiat reserves [4][7]. - The company is exploring blockchain-based financing solutions, which could provide unique financing opportunities for dealers and consumers in the amphibious ATV market [4][5]. Group 3: Future Growth and Innovation - By adopting cryptocurrency, the company positions itself to scale sales, expand distribution, and create innovative financing solutions that traditional lenders may not offer [5][6]. - The company plans to diversify its product line, including larger 8x8 vehicles and electric vehicle drivetrains, leveraging advancements in battery technology [9].