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corporation. On August 21, 2001, we entered into an agreement to
purchase all of the outstanding common stock of Cycle Country
Accessories Corp. (an Iowa corporation) for $4,500,000 in cash and
1,375,000 shares of our common stock. Cycle Country Accessories
Corp. (an Iowa corporation) was originally incorporated on August 8,
1983 and is headquartered in Spencer, Iowa. In addition, on August
14, 2001, Cycle Country Accessories Corp. (an Iowa corporation)
merged with Okoboji Industries Corporation. Okoboji Industries
Corporation manufactured the plastic wheel covers for what is
considered our Plastic Wheel Cover segment. As a result of these
transactions we are the Successor Company to the business of both
companies.
In March of 2002, Perf-Form Products, Inc. was purchased for a
total purchase price of approximately $528,800. In June of 2002,
the Company purchased Weekend Warrior for 10,000 shares of common
stock.
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