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Recreatives Ind. (OTC: RECX) Expands Dealer Network with New Dealers in 2026
Globenewswire· 2026-03-18 12:30
Core Insights - Recreatives Industries, Inc. has expanded its dealer network by adding Cart Guys Inc. and Globalsoft Equipment as authorized MAX ATV dealers, increasing its U.S. dealer locations to nine [1][2]. Group 1: Dealer Network Expansion - The addition of Cart Guys Inc. marks the second new dealer added in 2026, following Globalsoft Equipment [2]. - The MAX brand previously supported over 200 active dealer locations across North America, indicating a strong potential for scalability as the company rebuilds its network [3]. - The expansion of the dealer network is a strategic priority for the company to enhance regional coverage and customer service [5]. Group 2: Product Development and Production - MAX ATVs are currently utilized in commercial settings, including by aqua management companies and the U.S. Army Corps of Engineers, while also catering to recreational and hunting markets [4]. - The company is actively producing the MAX 2 and preparing for the introduction of new models, including the MAX 4 and Buffalo, planned for summer 2026 [5][6]. - Recent deliveries of vehicle bodies support ongoing production efforts for the MAX 2, and the company is converting molds for next-generation vehicles into a 3D CAD system [6]. Group 3: Strategic Goals - The expansion of the dealer network aligns with the company's broader strategy to increase market presence, improve customer access, and build a scalable distribution network [7]. - The company aims to diversify its product line by introducing larger 8x8 vehicles and electric vehicle drivetrains, leveraging advancements in battery and motor technology [8].
RECX Appoints TRL Outdoors to Accelerate MAX ATV Dealer Expansion and Commercial Market Growth
Globenewswire· 2026-02-27 19:47
Core Viewpoint - Recreatives Industries, Inc. has entered into a manufacturer's representative agreement with TRL Outdoors LLC to enhance its dealer network and support growth in utility, industrial, and commercial markets [1][5]. Group 1: Agreement Details - TRL Outdoors will represent the full MAX ATV product lineup nationwide, strengthening MAX's coverage and supporting sustainable dealer growth [2]. - The agreement includes quarterly performance milestones focused on dealer onboarding, market penetration, and brand expansion, promoting operational discipline and long-term sustainability [4]. Group 2: TRL Outdoors' Experience - TRL Outdoors has substantial industry experience, having previously represented manufacturers of industrial-grade amphibious vehicles priced above $100,000, positioning them well to introduce MAX vehicles to a new customer base [3]. Group 3: Strategic Alignment - The agreement aligns with the company's strategy to expand its dealer network and enter new market segments, with expectations for TRL Outdoors to enhance MAX's presence in utility, industrial, and commercial sectors [5][6]. - The company believes MAX vehicles offer a compelling value proposition by delivering amphibious performance at a lower cost compared to legacy industrial platforms [5]. Group 4: Company Background - Recreatives Industries, Inc. is the manufacturer of MAX amphibious 6x6 all-terrain vehicles, continuing a legacy of 53 years and planning to diversify its product line with new vehicles and electric drivetrains [7].