Motos America Inc. announced the official award of an open point Triumph motorcycle dealership to be located in Columbia River, Oregon, on the East side of Portland. An open point dealership refers to a new dealership that has been, or will be, opened where such rights for the specific location have been granted to a dealer by a motorcycle manufacturer. Motos America's new facility in Columbia River will be equipped with all of the latest service technology and staffed by experienced Triumph master technicians, service and sales people.

The financial obligations of the award to the Company will be defined in the coming months; however, the Company will not pay blue sky or other fees to Triumph or any others for this dealership award, but will be obligated to make certain new motorcycle and parts purchases prior to opening the dealership. The Company expects to lease a building to house the new dealership. Leasehold improvements and build-outs will be negotiated with the new landlord.