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Recreatives Industries (OTC: RECX) Appoints RICAN Off-Road as Exclusive Importer and Distributor for UK, Europe, Northern Ireland, and Falkland Islands
Globenewswireยท 2025-08-14 12:45
Core Insights - Recreatives Industries, Inc. has entered into a formal agreement with RICAN Off-Road to serve as the exclusive importer and distributor for MAX vehicles across key European markets, including the UK, Northern Ireland, and the Falkland Islands [3][4][6] - The partnership aims to leverage RICAN's market expertise and logistics infrastructure to accelerate international sales growth for MAX Amphibious ATVs [6][9] - RICAN Off-Road plans to increase its MAX ATV and parts inventory with shipments valued over $250,000 scheduled for 2025, with further expansion anticipated in 2026 [7] Company Overview - Recreatives Industries, Inc. manufactures MAX Amphibious 6x6 All-Terrain Vehicles and is relaunching the entire MAX ATV product line, which has a legacy of 53 years [11] - The company plans to diversify its product line by introducing larger 8x8 vehicles and electric vehicle drivetrains, aiming to enhance performance beyond traditional mechanical transmissions [11] Market Strategy - Discussions between Recreatives and RICAN began in 2024, leading to the first order of MAX units in February 2025, as RICAN secures necessary certifications for sales in the UK and EU [4][5] - The exclusive distribution agreement will enable RICAN Off-Road to establish and grow the MAX ATV dealer network, ensuring consistent availability of vehicles and parts [6]