Mark Ryun, CEO of Here Enterprises, commented: "Here Enterprises is pleased to be moving quickly forward with the execution of our growth strategy. Cycle Ranch hosts an established motocross speedway business with ongoing revenue. It also provides ample acreage and wind conditions for wind power generation. We have made significant improvements to the Cycle Ranch Motocross Park that we believe will improve the efficiency of their operations and positively impact sales."
Here Enterprises’ wholly owned Cycle Ranch Motocross Park subsidiary is advertised as one of the five best motocross tracks in the nation. Cycle Ranch is located in Floresville, Texas near San Antonio. Cycle Ranch generates revenue from the operation of its motocross racetrack including admission fees, practice sessions, race events, camping and special event fees. The speedway also generates revenue from sales of food, race apparel, parts, cleaning products and racing fuels.
The renovations at Cycle Ranch include upgraded equipment, property improvements and expanded facilities. The Company has installed new tracks, upgraded office equipment and systems, purchased new maintenance equipment and completed landscaping and facilities renovation projects. The Company also built a new GP/Vet Track to host additional races and practice sessions.
Here Enterprises is a developer of wind power, the nation’s fastest growing renewable energy resource. The Company is engaged in planning, developing, acquiring and operating wind farms in the United States to generate clean, profitable wind energy. Here Enterprises is developing wind farm projects which co-locate wind farms with commercial businesses in order to maximize cashflow for each project.