redline files with the sec for possible public offering of 25 million shares

 
Redline Performance Products, Inc. has filed its SB-2 form with the United States Securities and Exchange Commission. The SB-2 is a document required by the SEC before a company can make an initial public offering of stock to raise operating capital. In the form, Redline outlines its business strategy for production and distribution, as well as a rough timeline for some future growth.

In order to cover the costs of the first 12 months of production, the California-based company is planning to sell 2,500,000 common shares on the market. According to the form, Redline has applied to be listed on the American Exchange under the symbol "RED."

According to the filing, Redline plans to initially build 200-500 of its 800 Revolt sled at its Vista, California, facility. But once the sled hits full-production status, the assembly will be outsourced to outside vendors. Total anticipated first year production will be between 600 and 800 units, according to the document. Expect dealer orders to be taken later this spring.

Once the first season units are complete, Redline indicates that it will begin finalizing the second season's Mountain Revolt and the Revolution. There is also a mention of an ATV model in the pipeline, though no details were given in the filing.

Redline representatives declined to comment on any of their plans, citing confidentiality and SEC concerns. When they are ready to talk, they will contact us, they said. Until then, watch the stock markets for your first chance to buy Redline.