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5050 NORTHSHORE LANE · NORTH LITTLE ROCK, AR 72118 888.276.7130 · [email protected]

FOR IMMEDIATE RELEASE Arkansas-based Competitive Cyclist Acquires Merlin Metalworks March 16, 2011 NORTH LITTLE ROCK, AR ­ Competitive Cyclist announced this week the acquisition of the Merlin Metalworks brand from Chattanooga, TN based American Bicycle Group (ABG). A pioneer in the production of hand-crafted titanium frames starting in 1986, Merlin will reach a wider audience at Competitive Cyclist. As part of the sale, ABG will retain the rights to manufacture and sell Merlin products to buyers in the Asian Markets through the year 2012. Brendan Quirk, CEO of Competitive Cyclist, welcomed the addition of Merlin, saying, "Like many, I fell in love with Merlin in the mid-90s. In my case, I was beating my head against the wall trying to become a real bike racer back then. My racing career stalled out, but I never lost my feelings for the simple elegance and precision of Merlin frames. We look forward to the endeavor of re-creating that magic." Peter Hurley, CEO of ABG, states: "While Merlin has been a great brand for us, this is a strategic decision to consolidate and apply our focus and capital to two brands, Quintana Roo and Litespeed, that have shown incredible sales momentum in the past year." Hurley continues, "Competitive Cyclist will make a fantastic new home for Merlin by providing greater audience exposure and, at the same time, I'm certain the arrangement will allow us to better serve our QR and Litespeed customers." Founded in 1996, North Little Rock based Competitive Cyclist is the nation's leading online retailer for high-end road and mountain bike products. Competitive Cyclist was a finalist in Arkansas Business' Business of the Year Award for companies with 26 to 75 employees. ###



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