FARMINGTON, AR – September 21, 2010 – (Motor Sports Newswire) – Highline Technical Innovations, Inc., (PINKSHEETS: HLNT), majority shareholder of HOSS Motor Sports, is pleased to announce a completed joint venture with Dong Feng Motors, to manufacture and sell the HOSS line of UTVs. HTI is scheduled to receive the first shipment of UTVs from Dong Feng Motors in the first quarter of 2011. Per the terms of this joint venture, Dong Feng Motors has also acquired the license and rights to manufacture and sell the HOSS UTV within its own distribution channels, and provide royalties for each unit sold to HTI. This UTV (Utility Terrain Vehicle) is designed specifically for the sport utility, forestry, and construction industries. In addition to the Hoss 500 we plan to introduce a three cylinder diesel powered UTV. This will be the only diesel UTV manufactured with a supplemental hydrogen fuel system on board. The Diesel model will enter the market priced approximately $3,000.00 less than the closest competitor.
“We have consummated the first of the three joint ventures we previously announced,” stated Charlton Coats, CEO of Highline Technical Innovations, Inc. “The joint ventures for our Supplemental Fuel System from Highline Hybrids and the third venture to refurbish automotive components are still under way. We are very excited about bringing the HOSS UTV back online for production and getting them to the market, both here and abroad. We are very fortunate as a company to have both personal and business relationships within China and in particular, with Dong Feng Motors. We have been offered several additional business opportunities in China, as well as other opportunities with Dong Feng Motors. We are relentlessly evaluating each opportunity and proposal, and will keep our shareholders advised of the developments.”
Lastly, Highline Technical Innovations, Inc. is adamant about being as transparent and communicative with our shareholders as contractually possible, considering our numerous ongoing negotiations. Therefore, we are currently in the process of providing OTC Pinksheets the necessary paperwork to bring the company status to the top tier “current information.”
About Highline Technical Innovations, Inc.
HTI is comprised of three subsidiaries, Highline Hydrogen Hybrids, Bo-tie Manufacturing and Hoss Motorsports. Highline Hydrogen Hybrids HHI manufactures performance fuel systems that focus on reducing harmful emission levels to meet and exceed EPA quotas. Its effect on horsepower and fuel economy makes it good to be green. Bo-tie Manufacturing produces high grade aluminum truck beds that supersede conventional steel models. At half the weight, Bo-tie beds provide greater fuel economy or larger payloads. Hoss Motor Sports is focused on the production of American Made OFF-ROAD vehicles that are built to withstand the punishment of every day commercial use and are customized to meet the needs of special interest groups.
SOURCE: Highline Technical Innovations, Inc.