Optima Corporation Limited

A decision to switch its mainstream business focus from surfwear sales in the US to scooter sales and distribution throughout Australasia has proven correct for listed Optima Corporation Limited (ASX: OPC).

A formal Share Sale Agreement has cleared the way for an Australian company to rapidly increase its exposure to the US$27 billion a year worldwide scooter market.

Optima Corporation Limited's wholly owned subsidiary, specialist scooter brand Vmoto, is pleased to announce that it has signed an agreement with a new distributor for New Zealand. The agreement signifies the continued development of the New Zealand market by Vmoto.

Shareholders in an Australian surfwear specialist have voted overwhelmingly to expand their company with the acquisition of Australia's fastest growing scooter business.

Australia's faster growing scooter business is to be acquired by listed Optima Corporation Limited (ASX: OPC) under a move by the current surfwear specialist to add another core business to the group.