Airtrax Signs Distributor Agreement with Affordable Equipment of Florida
May 31, 2006
BLACKWOOD, NJ-May 31, 2006 -- Airtrax, Inc. (OTCBB: AITX), a developer of patented, Omni-Directional technology with military and commercial applications, announced today that the Company has sold and shipped four ATX-3000 SIDEWINDER(TM) omni-directional vehicles to Affordable Equipment, Inc. of Florida. Airtrax has signed a two-year agreement with the Company for the exclusive distributor rights for Florida. Affordable Equipment, headquartered in West Palm Beach, Florida, is a material handling distributor in Florida with distribution capabilities in North and South America, the Caribbean Islands and Western Europe.
"I have seen different brands of forklifts and ideas come and go, but after thoroughly inspecting and operating an Airtrax Omni-Directional forklift, I truly feel this revolutionary design is going to change the forklift industry all over the world. This machine's largely undiscovered innovative design and functionality performs tasks in a way - once considered impossible - that nearly perfects the handling process. The Sidewinder's versatility completely re-writes the rules that govern the materials handling process," said John Bohmer, President of Affordable Equipment, Inc.
Peter Greenwood, Airtrax's Vice-President of Sales, stated, "Mr. Bohmer is incredibly knowledgeable about forklifts and marketplace trends within the material handling industry. His book, How to Buy a Forklift: Forklift 101, is a reference guide for the whole material handling industry. Through his invaluable contacts and customers, we look forward to the potential benefits of our agreement with Affordable Equipment. Airtrax continues to deliver trucks to dealers across the Country and all over the World to grow our network of dealerships."
In addition to Florida, Airtrax has received orders and shipped trucks to Arkansas, California, Ohio, New Jersey, Kentucky, and Pennsylvania in the United States and internationally to Spain, Panama, New Zealand, Canada, and South Africa. Airtrax also has dealers located in Western and Eastern Europe, Greece and the Balkans, Korea and Saudi Arabia, to name a few.
About Affordable Equipment Inc.:
Affordable Equipment Inc., was founded in 1992 by John Bohmer, the author of How to Buy a Forklift: Forklift 101. Affordable Equipment has established an international market presence in North America, Latin America and Western Europe. Affordable Equipment has opened the doors for distributors and dealers all over the globe. The Company is committed to sound management objectives and a clear strategic focus to keep an active role in its field worldwide. Entering 2006 with a sound balance sheet, excellent liquidity, credit and image, Affordable equipment, Inc., is positioned to capitalize on all new growth opportunities and maximize returns on investments. Affordable products are sold through a Network of independent dealers, with parts, service and sales departments under the guidelines and support of Affordable Equipment, Inc. To learn more about Affordable Equipment, visit http://www.affordable-equipment.com/.
About Airtrax, Inc.:
A U.S.-based developer of Omni-Directional technology, Airtrax designs and manufactures Omni-Directional vehicles. The Airtrax patented wheel was designed and developed by Airtrax after receiving a technology transfer from the US Navy in the form of a Cooperative Research and Development Agreement (CRADA).
The SIDEWINDER(TM) Omni-Directional Lift Truck and the Airtrax Cobra(TM) aerial work platform (AWP) are the first Omni-Directional vehicles using Omni-Directional technology and the patented Airtrax wheel to be commercially produced. The nearly maintenance-free design also reduces maintenance costs, delivering cost efficiencies to companies both large and small. The Airtrax patented Omni-Directional wheel is manufactured exclusively for Airtrax vehicles. For more information and to view a must-see product demonstration, visit www.airtrax.com.
For further information, contact:
At the Company:
Airtrax
Peter Greenwood
856-232-3000
pgreenwood@airtrax.com
http://www.airtrax.com
Investor Relations:
Equity Performance Group
Don Wilkinson
617-723-0070
don@equityperfgp.com
http://equityperfgp.com
Company Name: Airtrax Inc.
Address 1: 200 Freeway Drive
Address 2: Unit One
City: Blackwood
State: NJ
Zip: 08012
Country: United States
Phone: 856-232-3000
URL: www.airtrax.com
Contact Name: Don Wilkinson
Organization: Equity Performance Group
Title: Account Manager
E-mail: don@equityperfgp.com
