Month: March 1989

Dorel to Shareholders: Continued Momentum

MONTREAL, Quebec (BRAIN)—Dorel Industries’ CEO Martin Schwartz told company shareholders on Thursday that he expected momentum in the bike business to continue into 2010 buoyed by innovative new products and rebounding consumer confidence. The recreation and leisure segment, which includes Cannondale, GT, Schwinn, Mongoose, Iron Horse, Sugoi, Pacific Cycle and two international distributors, made up …

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The Hive Acquires E.Thirteen

LEOMINSTER, MA (BRAIN)—Northern California-based The Hive, known for its cranksets and hubs, has bought E.Thirteen, which was owned by suspension guru Dave Weagle. The Massachusetts-based company is best known for its chain retention systems. “Dave actually approached us,” said Chris Costello, director of sales at The Hive. “He wanted to focus on suspension. He’s got …

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SBS to Distribute Answer Products

KENT, WA (BRAIN)—Seattle Bike Supply (SBS) will now distribute Answer Products. After a successful relationship with Answer Products using their carbon fiber Scythe forks on Redline’s highend 2010 race bikes, the two companies felt it would be a good partnership to also have SBS distribute their aftermarket products to SBS’s national group of dealers, according …

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China’s E-bike Output on the Rise

LONDON, UK (BRAIN)—China’s output of electric bicycles reached 22.2 million in 2009, a 1.5 percent increase from the previous year, according to China Electric Bicycle Industry Report 2009. With the importance increasingly attached to environment-friendly and clean products as well as the adjustments and regulations made by Chinese Government in electric bicycle industry, the Chinese …

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California Lawmakers Propose Internet Tax

SACRAMENTO, CA (BRAIN)-California state legislators are proposing $4.9 billion in new tax hikes, including requiring online retailers to report their California sales to state tax authorities monthly. The online tax bill, Assembly Bill 2078, introduced by Assembly Member Charles Calderon, also requires online retailers to notify California customers of tax owed on their purchases. The …

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